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IndiGo, airline
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.
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 results: Can India’s largest airline maintain its profitable run for the 8th straight quarter?
Can the airline clock profit, and if it does, will it be wafer-thin? It is unlikely to cross the revenue numbers of last quarter. With pressure from both the demand and cost side, a breakeven with a three-digit profit will be an achievement.
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 airline swings into the red with Rs 987 crore loss, first in two years
InterGlobe Aviation Limited, the operator of IndiGo airline, on October 25 reported net loss of Rs 987 crore for the quarter ended September 30, 2024. It reported net profit of Rs 189 crore in the year-ago period.
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 Express
28m
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 ...
Skift
3h
IndiGo Posts Loss But Sticks to Global Growth Plan
IndiGo has reported its first loss-making quarter in two years. Despite this, it expects a positive momentum over the coming ...
Flightglobal
9h
IndiGo chief points to GTF peak and 2030 progress after first loss in two years
Two years into his tenure at IndiGo and Pieter Elbers is back where he started, describing a loss-making fiscal second ...
Indiatimes
1h
IndiGo posts 987cr Q2 loss after 7 straight profitable quarters
IndiGo
faced a Rs 986.7 crore loss in Q2 July-Sept quarter, ending a streak of seven profitable quarters. The loss is ...
7h
IndiGo reports net loss of Rs 987 crore in Q2 FY25 due to high costs
Missing Street estimates, India’s largest airline IndiGo posted a consolidated net loss of Rs 986.7 crore for the second ...
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