|Bid||967.80 x 0|
|Ask||968.60 x 0|
|Day's range||956.00 - 978.75|
|52-week range||771.30 - 1,898.85|
|Beta (5Y monthly)||0.38|
|PE ratio (TTM)||N/A|
|Earnings date||17-Jul-2020 - 21-Jul-2020|
|Forward dividend & yield||5.00 (0.49%)|
|1y target est||973.44|
IndiGo, India's biggest airline, plans to cut up to 40 billion rupees ($533 million) in costs and speed up the return of older planes to leasing companies as it grapples with the fallout from the coronavirus pandemic. IndiGo has around 120 older A320ceo planes that cost more to maintain and plans to return them to leasing firms over the next two years, depending on demand, CEO Ronojoy Dutta said, adding domestic travel was likely to return sooner than international. "In times like these, we must shift our focus from profitability and growth to managing cash and liquidity," Dutta said, after parent Interglobe Aviation reported a swing to a quarterly net loss.
BENGALURU/NEW DELHI (Reuters) - IndiGo, India's biggest airline, cut its estimates for capacity growth for a second straight quarter on Monday, to rein in maintenance costs and improve aircraft utilisation amid a spate of groundings. IndiGo has been forced to ground several of its Airbus A320neo planes fitted with Pratt & Whitey engines, which have been linked to in-flight engine shutdowns. Low aircraft utilisation and delivery delays from Airbus were the driving factors behind the cut, Chief Executive Officer Ronojoy Dutta told analysts during a post-earnings call, adding that IndiGo aimed to raise utilisation to about 13 hours a day from the current 12.2 hours.
India's largest airline IndiGo said on Monday its flights and check-in systems were running normally, after an hours-long outage hit operations at airports, leading to long queues and hassling passengers. IndiGo said earlier its systems had been down across the network since Monday morning. "Our system is up now but has disrupted operations across the network," IndiGo said in a Twitter post, adding that it was working to bring operations back to normal.
NEW DELHI/BENGALURU (Reuters) - India's civil aviation regulator has ordered domestic carriers IndiGo and GoAir to modify some of their Airbus A320neo aircraft fitted with Pratt & Whitney engines, linked to in-flight shutdowns, within 15 days to avoid their grounding. IndiGo planes fitted with Pratt & Whitney 1100 series engines that have clocked more than 2,900 hours must have at least one modified engine, the Directorate General of Civil Aviation (DGCA) said in a statement on Monday. The DGCA said it has issued a similar directive to GoAir on Tuesday.
BENGALURU/NEW DELHI (Reuters) - India's biggest airline IndiGo reported its biggest ever quarterly loss on higher maintenance costs and cut capacity expansion targets, at a time when the industry is grappling with slowing passenger growth in a sluggish economy. IndiGo parent InterGlobe Aviation Ltd's <INGL.NS> net loss grew to 10.66 billion rupees ($150 million) in the three months to Sept. 30 from 6.52 billion rupees a year earlier, the only other instance that the airline reported a quarterly loss. Maintenance costs spiked as IndiGo was forced to reassess the expense of leasing and maintaining older Airbus <AIR.PA> A320ceo planes to fill a gap caused by the grounding of newer A320neo aircraft due to engine issues, Chief Financial Officer Aditya Pande said on a call with analysts on Thursday.
InterGlobe Aviation Limited (NSE:INDIGO) is a company with exceptional fundamental characteristics. Upon building up...
In a letter http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20190806:nBSEbXcb19 dated Aug. 5, Gangwal told the board of IndiGo's parent InterGlobe Aviation Ltd that issues between him and Bhatia remained unresolved. Gangwal last month alleged violations of corporate governance rules at InterGlobe, calling for India's securities regulator to intervene. In the latest letter, disclosed by InterGlobe to exchanges on Tuesday, Gangwal said he did not back a proposal by the airline to expand its board of directors to 10, arguing that it would benefit IGE and help it "rework and dilute" an agreed-upon policy on related-party transactions.
Today we will run through one way of estimating the intrinsic value of InterGlobe Aviation Limited (NSE:INDIGO) by...
Interglobe Aviation Ltd, the operator of India's top airline IndiGo, said on Friday it expected passenger capacity to grow by nearly a third this fiscal year, as the company posted a record quarterly profit, gaining from the collapse of Jet Airways. Interglobe and its peer SpiceJet Ltd have both seen a surge in passenger growth, after Jet Airways, once the country's biggest private carrier, declared bankruptcy. IndiGo is now India's largest airline by market capitalisation.