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InterGlobe Aviation Limited (INDIGO.NS)

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  • India's IndiGo reports fourth straight loss on virus hit; revenue halves
    Reuters

    India's IndiGo reports fourth straight loss on virus hit; revenue halves

    Interglobe Aviation Ltd, which runs India's biggest airline IndiGo, reported its fourth straight quarterly loss on Thursday, as the COVID-19 pandemic kept air travel well below normal levels. Its loss in the December quarter was smaller than in the previous two quarters, when the health crisis had brought global air travel to a halt, but the company's revenue halved from a year earlier, signalling that a full recovery was still far away. India's festive season in October and November saw more air travel, and domestic traffic has now recovered to about 80% of pre-pandemic levels, mitigating some of Interglobe's losses during the quarter.

  • India's top airline IndiGo posts quarterly loss on pandemic hit
    Reuters

    India's top airline IndiGo posts quarterly loss on pandemic hit

    Interglobe Aviation Ltd, which runs India's largest airline IndiGo, reported a quarterly loss on Thursday as pandemic-related travel restrictions continued to dent its operations. The global aviation industry has been among the worst hit by the pandemic and related travel restrictions. "We are slowly but surely stair-stepping our way back to normal capacity," Chief Executive Officer Ronojoy Dutta said in a statement.

  • India's top airline IndiGo to raise at least $268 million via leaseback
    Reuters

    India's top airline IndiGo to raise at least $268 million via leaseback

    IndiGo, India's largest airline, said on Wednesday it planned to raise at least 20 billion rupees ($268 million) through the sale and leaseback of planes and other assets, after reporting its steepest quarterly loss in at least five years. Chief Financial Officer Aditya Pande said the airline, owned by Interglobe Aviation Ltd, would consider raising even more than 20 billion rupees and the board would meet on Thursday to discuss this. "Managing cash continues to remain our primary focus and we continue to work with all our stakeholders to raise liquidity," Pande told analysts on a call, adding it was in advanced talks on selling and leasing back some of its unencumbered assets.