The challenge for IndiGo as highlighted by the management is to manage cash and liquidity rather than look at profitability and growth
All that happened in the markets today
The air carriers also resorted to cancellation of several flights on the second day of resumption of services due to truncated schedules following requests from several states owing to the coronavirus
Here is what is going to change for passengers as they fly from Monday
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Most of these flights have been operated on a "Free-of-Cost" basis to ferry medical equipment and other essentials
IndiGo is the best positioned airline to withstand the crisis created by lockdown to contain the coronavirus.
A formal ban on forward bookings from the aviation regulator came after a tweet from Civil Aviation Minister Hardeep Singh Puri
India has banned international commercial passenger flights for a period of one week from Sunday. Moreover, domestic flights have also been suspended from Tuesday midnight
"There are some instances when our employees have been ostracised from their communities as a result of their line of duty and travel history," IndiGo said in a statement.
"Governments across the globe have issued travel advisories which have resulted in a virtual shutdown of all our international flights," said an airline official on Thursday.
Sharp fall in crude oil prices, however, is a positive
Flight occupancy dropped on domestic routes as individuals and companies canceled events and postponed travel
IndiGo and GoAir have 106 and 43 A320neo aircrafts, fitted with PW engines, respectively. Post the induction of the aircraft into service, there have been a number of incidents of snag in the engines.
Govt will retain Air India's international bilateral flying rights for only six months which may dis-incentivise potential buyers if the rights are re-allocated to other airlines after that
The airline will now operate a total of five daily direct flights connecting Dammam with Mumbai, Hyderabad, Kozhikode, Trivandrum and Delhi
The pilot said he was disheartened that the airline didn't consult him and took a decision based solely on social media posts
The resolution primarily failed after co-founder Rahul Bhatia's Interglobe Enterpise's voted against it. The Bhatia family and Inter-Globe Enterprises (IGE) together own 38.23 per cent.
The airlines saw a large number of cancellations impacting loads.
Gangwal had sought removal of articles pertaining to transfer and acquisition of the company's shares, including 'Right of First Refusal' and ' Tag Along Right'