IndiGo Expects 40% Of Grounded Aircraft To Fly By April
InterGlobe Aviation Ltd., the operator of IndiGo, expects about 40% of its grounded fleet back in operation by April after costs related to idle aircraft dragged the budget carrier to its first quarterly loss in two years.
IndiGo hits air pocket with ₹986 cr Q2 loss
India’s largest airline IndiGo posted ₹986 crore loss for the quarter ended September owing to higher fuel costs and grounding of several planes due to engine issues. Revenue of InterGlobe Aviation, IndiGo’s parent, jumped 13.5% to ₹16,969 crore during the second quarter compared with ₹14,943 crore in the year-ago period.
Indian airline IndiGo sees 40% of grounded jets flying by April, swings to quarterly loss
India's largest airline IndiGo said on Friday it expects to have about 40% of its grounded fleet in the air by April, after costs related to unused aircrafts dragged the budget carrier to its first quarterly loss in two years.
India's top airline IndiGo swings to first quarterly loss in 2 years
India's IndiGo airline operator Interglobe Aviation swung to its first quarterly loss in two years, weighed down by fuel expenses and aircraft rental costs. The country's biggest airline by market share said on Friday it made a loss of 9.
IndiGo reports first quarterly loss in two years amid rising costs
Interglobe Aviation, the operator of India’s largest airline IndiGo, has reported its first quarterly loss in two years, primarily driven by soaring fuel expenses and increasing aircraft rental costs.
Indian low-cost carrier IndiGo swings to first quarterly loss in 2 years
India's IndiGo airline operator Interglobe Aviation swung to its first quarterly loss in two years, weighed down by fuel expenses and growing aircraft rental costs. The country's biggest airline by market share said on Friday it made a loss of 9.
IndiGo Swings To Q2 Net Loss Of ₹986.7 Cr, Misses Estimates By Huge Margin
InterGlobe Aviation, the parent company of airline IndiGo, swung to a massive net loss in the second quarter of the financial year, massively missing analyst estimates. What Happened: India’s top carrier said it lost ₹986.
IndiGo to further reduce grounded flights by April after surprise quarterly loss
The Financial Express15h
IndiGo dives into loss after 2 years
In a post-results call, IndiGo CEO Pieter Elbers said, “Driven by the peak groundings of mid-70s and rising fuel costs, we ...
InterGlobe Aviation slips into red
InterGlobe Aviation reports net loss of ₹986 crore, citing seasonality, competition, and expenses; plans to expand ...
IndiGo suffers Rs 987 crore loss in Q2 due to higher fuel costs, grounding of planes
The net loss, which came after seven profitable quarters, was higher than estimates. Brokerages had forecast a loss of Rs 130 ...
Interglobe Aviation Q2 results: loss at ₹986.7Cr, Revenue increased by 13.56% YoY
Interglobe Aviation Q2 Results Live : Interglobe Aviation announced its Q2 results on October 25, 2024, reporting a ...
The Financial Express1d
IndiGo posts Q2 loss of Rs 986.70 cr, revenue rises by 13.6% YoY; CEO says quarter impacted by peak groundings, high fuel costs
The loss incurred during the quarter was driven by higher fuel costs and a peak number of groundings, which have now started ...
InterGlobe shares fall 3.09% as Nifty drops
Shares of InterGlobe Aviation Ltd. slipped 3.09 per cent to Rs 4378.85 in Friday's trade. It hit a high of Rs 4555.0 and low ...
143 Companies To Post Q2 Results Today, Including BPCL, Bank Of Baroda, HPCL, & Interglobe Aviation
Today their will be plenty companies which will be posting their Q2 FY25 earnings, including PSU lender Bank of Baroda, ...
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IndiGo Q2 Results: Net Loss At Rs 987 Crore
IndiGo operator InterGlobe Aviation reported a net loss of Rs 987 crore in the second quarter of the fiscal, down from a Rs ...
InterGlobe share price down 3.09 per cent
Shares of InterGlobe Aviation Ltd. traded 3.09 per cent up at Rs 4378.85 at around 12:21PM (IST) on Friday. The stock had ...