However, reports of the passenger raising pro-ISIS slogans were denied
Mumbai Police has denied that the passenger raised slogans supposedly hailing the Islamic State
Family members of some IndiGo pilots posed for photographs inside the cockpit, violating aviation safety norms
The airline's international focus will mirror its domestic strategy -- maximising frequencies at existing destinations.
The pilots mistook a road nearby as the runway and soon after the warning, the flight made a go-around and managed to land safely
Philip, previously the corporate VP and treasurer of Xerox, will replace Pankaj Madan; he will assume charge from July 18
He is appointed as the Chief Financial Officer and Key Managerial Personnel of the company
The suspension came after investigations proved that the chief security officer of the airport had breached security
With the addition of these new flights, the total number of flights operated by the budget carrier per day will go up to 773.
Amid rising concerns over higher airfares despite fall in oil prices, no-frills airline IndiGo has acknowledged that it is not "passing on all" the benefits accruing from lower fuel costs to the customers. The steep fall in international crude oil prices in recent times has provided a boost for airlines as ATF (Aviation Turbine Fuel) costs account for over 40 per cent of a carrier's total operating costs. IndiGo President and Whole Time Director Aditya Ghosh said the airline continues to use the low cost fuel opportunity to lower fares and register strong increases in passenger numbers. However, the full benefits of fall in fuel prices are not passed on to the customers, he said. "If you look at fourth quarter (January-March 2015-16), then fuel prices came down 29.5 per cent whereas the average fares came down I think above 15.2 per cent. "So clearly, we are not passing on all of its back to the customers, but of course the lower fuel prices and the lower average .
The stock has dropped 17 per cent this year, compared to a 2.6 per cent loss for the benchmark BSE Sensex
It posted a flat net profit of Rs 579 crore on rupee depreciation and pressure on yields owing to rising competition
Due to higher non-fuel costs, yield pressure
Cancellation fees treated as an ancillary revenue for airlines and hiking it enables carriers to grow its share
IndiGo surged 9%, while SpiceJet soared 7% and Jet Airways by 4% on the BSE in intra-day trade.
Lufthansa and IndiGo are first operators for upgraded Airbus jet after launch customer Qatar Airways rejected delivery due to engine teething problems
The A320neo promises 15 per cent lower fuel burn from day one and 20 per cent fuel savings by 2020
The stock dipped 7% to Rs 802, extending its previous day's nearly 2% fall, erasing its entire previous week gain on NSE.
IndiGo was scheduled to induct these planes in the fleet from December last year
Airbus said India's budget airline IndiGo had committed to an earlier provisional order to buy 250 A320Neo aircraft, handing the European company its biggest-ever deal by number of planes.