Page 20 - Indigo

Valuations reflecting multiple positives for airlines major IndiGo

India is a very underpenetrated aviation market, which means a strong growth outlook

Co-founder Rakesh Gangwal to further pare down his stake in IndiGo

3.8 per cent stake for Rs 7.1k crore on sale via block deals: Sources

IndiGo to soon offer gender-neutral option 'Mx' during ticket booking

IndiGo will be soon introducing the gender-neutral option of honorific 'Mx' for passengers at the time of booking tickets, as part of larger efforts to boost inclusivity. Besides, the country's largest carrier, which has a domestic market share of 62 per cent, aims to increase by two-fold the number of individuals with disabilities employed by it. The airline will be introducing the 'Mx' option at the time of booking for passengers and that will provide a choice for transgenders who do not want to identify themselves, Sukhjit S Pasricha, Group Chief Human Resources Officer at IndiGo, told PTI. Currently, 'male' and 'female' are the options available on the airline's website during the booking process. Air India Express and Vistara already offer the 'Mx' option for passengers at the time of booking tickets. Pasricha said IndiGo has implemented various initiatives for the LGBTQ+ community, including employee referral programmes specifically designed to encourage hiring of LGBTQ+ ...

IndiGo soars 9% in 2 days, hits record high on Jefferies' 'Buy' upgrade

IndiGo share price today: Jefferies bull case pegs IndiGo's share price target price at Rs 5,800, suggesting a likely upside of 29.4 per cent from current levels

Lakshadweep takes off, Maldives out of favour as flights, capacity go up

April-June passenger traffic to Indian island doubled from year-ago quarter

IndiGo to challenge order imposing penalties related to input tax credit

Leading airline IndiGo on Wednesday said it will contest two orders imposing penalties totalling Rs 3,50,299 on the company in relation to input tax credit. In Odisha, a penalty of Rs 1,77,046 was imposed on the company related to Goods and Services Tax (GST). "The appellate authority has rejected the appeal filed by the company and upheld demand on account of availment of input tax credit for FY 2017-18," InterGlobe Aviation, the parent of IndiGo, said in a regulatory filing. According to the filing, IndiGo is in the process of contesting the appeal order before the appellate tribunal. Separately, in Kerala, the company is facing a penalty of Rs 1,73,253, with the filing saying "the tax officer has denied input tax credit availed and has raised a demand on the company". In this case, the company said it is in the process of contesting the orders before the appropriate appellate authority.

India's low-cost carriers rule the skies dominated by IndiGo: Report

India's LCC share is much higher than the global average of 34 per cent, reported by OAG for 2024

Here's why Kotak Institutional Equities thinks IndiGo stock may rerate

Kotak Institutional Equities has a 'Buy' rating on the stock with a target price of Rs 5,400, suggesting 28 per cent upside from current levels

IndiGo aims to increase women pilots in workforce to over 1,000 in 1 year

IndiGo aims to increase the number of women pilots in its workforce to over 1,000 in the next year as the country's largest airline steers ahead with efforts to boost diversity and inclusivity. The airline, which is expanding its fleet and network, currently, has over 800 women pilots. Sukhjit S Pasricha, Group Chief Human Resources Officer at IndiGo, said the airline is driving inclusiveness in a big way by working in every area, including among engineering and flying staff. "In every work area, we are driving diversity and inclusivity. We have a 360-degree approach to it... we have grown by about 30 per cent in terms of women in engineering overall," he told PTI. According to him, the airline has the highest number of women pilots, which is now at over 800. The airline has around 14 per cent women pilots compared to the global average of 7-9 per cent women pilots in the workforce. "We will cross the number of 1,000 women pilots in one year (by August 2025)," he said. The airli

Central Asia gives India's largest budget carrier IndiGo its wings

Just over a three-hour flight from Delhi, these four countries have seen a big jump in visitors

IndiGo inducts 77 female pilots to mark 77 yrs of country's independence

IndiGo on Wednesday inducted 77 female pilots for its Airbus and ATR planes to celebrate 77 years of the country's independence. With the latest induction, the carrier has more than 800 female pilots. The induction of 72 female pilots for the Airbus fleet and 5 for the ATR fleet to celebrate 77 years of the country's independence marks a milestone, the airline said in a release. The airline has around 14 per cent women pilots compared to a global average of 7-9 per cent women pilots in the workforce, it added. Captain Ashim Mitra, Senior Vice President of Flight Operations at IndiGo, said the airline has always promoted a workplace that thrives on diversity and inclusivity. Among other initiatives, IndiGo has introduced life cycle initiatives that provide flexibility to lady pilots with children under five years old to choose a reduced flying contract. As of March 31, 2024, the airline had 36,860 permanent employees, including 5,038 pilots and 9,363 cabin crew.

Six infants among 205 people evacuated by Air India from B'desh amid unrest

Air India, Vistara, and IndiGo have resumed operations to Bangladesh after briefly cancelling flights amid political unrest in the country

Air India, Vistara, IndiGo to operate scheduled flights to Dhaka today

Air India will operate its scheduled flights from Delhi to Dhaka on Wednesday and is also likely to operate a special flight to bring back people from the Bangladesh capital, according to sources. Vistara and IndiGo will also operate their scheduled flights on Wednesday to Dhaka, which is witnessing a volatile situation amid protests. On Tuesday, Air India operated its evening flight to Dhaka. It had cancelled the morning flight to the city. Bangladesh has been witness to dramatic developments in the last couple of days. Sheikh Hasina, who ruled the country with an iron fist for 15 years, resigned as prime minister on Monday following massive protests that initially began as an agitation against a job quota scheme but weeks later morphed into a mass movement demanding her ouster from power. Sources said Air India will operate its scheduled two daily flights from Delhi to Dhaka on Wednesday. The airline is also likely to operate a special flight to bring back people from Dhaka, they

IndiGo, Air India cancel their flights to Dhaka amid Bangladesh unrest

IndiGo, India's largest carrier, operates 35 weekly flights between the two countries, according to aviation analytics firm Cirium

IndiGo to introduce flights to 7 new global destinations by end of FY25

IndiGo airlines currently operates more than 2,000 flights daily, connecting around 120 destinations, including 33 international cities

Indigo faces backlash for cheerful tone on flight disruptions in Delhi rain

Indigo Airlines refers to flight delays caused by heavy rainfall as a 'special announcement straight from the heavenly skies' - netizens react

Why did IndiGo share price fall 5% post Q1 2024-25 results? Read here

IndiGo share price target: Brokerages have mixed rating on IndiGo stock with ICICI Securities maintaining 'Buy' (unchanged target price of Rs 5,265)

IndiGo Q1 FY25 results: Net profit declines 11.7% on higher expenses

India's largest airline by market share posted a profit of Rs 2,727 crore ($326 million) for the three months ending June 30, compared with Rs 3,087 crore a year earlier

IndiGo Q1FY25 results today: Will it report profit or loss? Read preview

IndiGo Q1FY25 result preview: : InterGlobe Aviation-owned IndiGo Airlines may report lower profit on yearly basis due to high base of last year and low air traffic amid Delhi T1 roof collapse crisis

Heavy rainfall lashes Mumbai; flights, suburban train services disrupted

IMD weather update: Mumbai is currently experiencing heavy downpours. An 'orange' alert has been issued for the Konkan region