INDIGO
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India's Indigo set for worst year since 2023
**Shares of Indigo parent InterGlobe Aviation INGL.NS up 10.2% YTD
**Airline set for worst year in three after rising 53.5% in 2024 and 48% in 2023
**The airline, which holds over 60% of India's domestic market, canceled about 4,500 flights earlier in December after poor pilot roster planning, stranding tens of thousands of passengers and triggering one of the country's biggest aviation crises
** Co estimated a payout of more than 5 billion rupees in total to customers impacted by the mass cancellations
**The cancellations led India to temporarily relax some night-duty rules for pilots earlier this month to help the airline stabilize operations, a move that drew criticism from pilot unions and safety advocates
**On December 18, India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by co following the flight disruptions
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
**Shares of Indigo parent InterGlobe Aviation INGL.NS up 10.2% YTD
**Airline set for worst year in three after rising 53.5% in 2024 and 48% in 2023
**The airline, which holds over 60% of India's domestic market, canceled about 4,500 flights earlier in December after poor pilot roster planning, stranding tens of thousands of passengers and triggering one of the country's biggest aviation crises
** Co estimated a payout of more than 5 billion rupees in total to customers impacted by the mass cancellations
**The cancellations led India to temporarily relax some night-duty rules for pilots earlier this month to help the airline stabilize operations, a move that drew criticism from pilot unions and safety advocates
**On December 18, India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by co following the flight disruptions
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
India's IndiGo slips after co boosts pilot allowances
** Shares of IndiGo INGL.NS closed down 1.5% at 5,008 rupees - lowest since December 18
** Co has introduced new pilot allowances and raised some existing ones, in a sign seeking to boost pilot morale weeks after mass flight cancellations linked to poor roster planning left passengers stranded
** Stock is down ~15% in December due to disruption in operations
** India's largest airlines' market share fell m/m to 63.6% in November vs 65.6% in October, official data shows
** Stock rated "buy" on average; median PT 6,000 rupees - data compiled by LSEG
** YTD, INGL shares up 10% vs 9.7% gains in Nifty 50 index .NSEI
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
** Shares of IndiGo INGL.NS closed down 1.5% at 5,008 rupees - lowest since December 18
** Co has introduced new pilot allowances and raised some existing ones, in a sign seeking to boost pilot morale weeks after mass flight cancellations linked to poor roster planning left passengers stranded
** Stock is down ~15% in December due to disruption in operations
** India's largest airlines' market share fell m/m to 63.6% in November vs 65.6% in October, official data shows
** Stock rated "buy" on average; median PT 6,000 rupees - data compiled by LSEG
** YTD, INGL shares up 10% vs 9.7% gains in Nifty 50 index .NSEI
(Reporting by Brijesh Patel in Bengaluru)
(([email protected]; Ph no. +91 9590227221;))
India's IndiGo to boost pilot allowances, weeks after mass flight cancellations
By Abhijith Ganapavaram
NEW DELHI, Dec 29 (Reuters) - IndiGo INGL.NS has introduced new pilot allowances and raised some existing ones, in a sign India's largest airline is seeking to boost pilot morale weeks after mass flight cancellations linked to poor roster planning left passengers stranded.
The airline will increase layover allowances to 3,000 rupees ($33.37) from 2,000 rupees for captains, and to 1,500 rupees from 1,000 rupees for first officers, according to an email sent to pilots by Ashim Mittra, senior vice president for flight operations.
Allowances for "deadheading" - a practice where airline crew travel as passengers to position themselves for future duty - will be raised to 4,000 rupees from 3,000 rupees for captains, and by 500 rupees to 2,000 rupees for first officers, the email said.
IndiGo, which according to government data employs roughly 5,000 pilots, did not immediately respond to a request for comment.
The airline, which commands a 65% domestic market share, is facing increased regulatory scrutiny and a competition probe after it cancelled about 4,500 flights earlier this month, leaving hundreds of thousands of passengers stranded all over India and throwing airports into chaos.
A committee appointed by India's aviation regulator to probe the circumstances that led to the cancellations submitted its report last week, the civil aviation ministry has said.
Moody's Ratings has warned that IndiGo could face "significant financial damage" from revenue losses due to cancellations, refunds to customers and penalties imposed by India.
The move to raise some allowances and introduce new ones, effective January 1, came after IndiGo executives visited different bases to hold talks with pilots, Mittra said in the email seen by Reuters.
Indian airlines also face competition to prevent pilots being poached by foreign carriers, who promise better pay and quality of life, prompting the Indian government to call for a global code of conduct on pilot hiring.
($1 = 89.8970 Indian rupees)
(Reporting by Abhijith Ganapavaram; Editing by Jan Harvey)
((Email: [email protected]; Mobile: +91-9019785574;))
By Abhijith Ganapavaram
NEW DELHI, Dec 29 (Reuters) - IndiGo INGL.NS has introduced new pilot allowances and raised some existing ones, in a sign India's largest airline is seeking to boost pilot morale weeks after mass flight cancellations linked to poor roster planning left passengers stranded.
The airline will increase layover allowances to 3,000 rupees ($33.37) from 2,000 rupees for captains, and to 1,500 rupees from 1,000 rupees for first officers, according to an email sent to pilots by Ashim Mittra, senior vice president for flight operations.
Allowances for "deadheading" - a practice where airline crew travel as passengers to position themselves for future duty - will be raised to 4,000 rupees from 3,000 rupees for captains, and by 500 rupees to 2,000 rupees for first officers, the email said.
IndiGo, which according to government data employs roughly 5,000 pilots, did not immediately respond to a request for comment.
The airline, which commands a 65% domestic market share, is facing increased regulatory scrutiny and a competition probe after it cancelled about 4,500 flights earlier this month, leaving hundreds of thousands of passengers stranded all over India and throwing airports into chaos.
A committee appointed by India's aviation regulator to probe the circumstances that led to the cancellations submitted its report last week, the civil aviation ministry has said.
Moody's Ratings has warned that IndiGo could face "significant financial damage" from revenue losses due to cancellations, refunds to customers and penalties imposed by India.
The move to raise some allowances and introduce new ones, effective January 1, came after IndiGo executives visited different bases to hold talks with pilots, Mittra said in the email seen by Reuters.
Indian airlines also face competition to prevent pilots being poached by foreign carriers, who promise better pay and quality of life, prompting the Indian government to call for a global code of conduct on pilot hiring.
($1 = 89.8970 Indian rupees)
(Reporting by Abhijith Ganapavaram; Editing by Jan Harvey)
((Email: [email protected]; Mobile: +91-9019785574;))
Indian Airline Indigo Faces Penalty Of 587.5 Million Rupees
Dec 12 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO - INDIGO FACES PENALTY OF 587.5 MILLION RUPEES
INDIGO - TAX DEPARTMENT HAS RAISED DEMAND ALONG WITH PENALTY
Source text: ID:nNSE7ZffFm
Further company coverage: INGL.NS
(Reporting by Abhirami G from Bengaluru)
(([email protected];))
Dec 12 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO - INDIGO FACES PENALTY OF 587.5 MILLION RUPEES
INDIGO - TAX DEPARTMENT HAS RAISED DEMAND ALONG WITH PENALTY
Source text: ID:nNSE7ZffFm
Further company coverage: INGL.NS
(Reporting by Abhirami G from Bengaluru)
(([email protected];))
Indigo To Provide Compensation Of 5000 Rupees To 10,000 Rupees To Customers Whose Flights Were Cancelled Within 24 Hours Of Departure
Dec 11 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO- WILL PROVIDE COMPENSATION OF 5000 RUPEES TO 10,000 RUPEES TO CUSTOMERS WHOSE FLIGHTS WERE CANCELLED WITHIN 24 HOURS OF DEPARTURE
INDIGO - TO OFFER TRAVEL VOUCHERS WORTH 10,000 RUPEES TO SEVERELY IMPACTED CUSTOMERS
INDIGO - TRAVEL VOUCHERS TO SEVERELY IMPACTED CUSTOMERS CAN BE USED FOR NEXT 12 MONTHS
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];;))
Dec 11 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO- WILL PROVIDE COMPENSATION OF 5000 RUPEES TO 10,000 RUPEES TO CUSTOMERS WHOSE FLIGHTS WERE CANCELLED WITHIN 24 HOURS OF DEPARTURE
INDIGO - TO OFFER TRAVEL VOUCHERS WORTH 10,000 RUPEES TO SEVERELY IMPACTED CUSTOMERS
INDIGO - TRAVEL VOUCHERS TO SEVERELY IMPACTED CUSTOMERS CAN BE USED FOR NEXT 12 MONTHS
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];;))
India tightens IndiGo scrutiny, deploys personnel at airline's headquarters
NEW DELHI, Dec 10 (Reuters) - India's aviation regulator has deployed some of its own personnel at IndiGo's corporate headquarters to monitor the carrier's network and recovery, as the country tightens its scrutiny of its largest airline following mass cancellations.
IndiGo did not immediately respond to a request for comment.
The personnel are required to submit a daily report to the Directorate General of Civil Aviation, the body said.
(Reporting by Abhijith Ganapavaram; Editing by Jan Harvey)
((Email: [email protected]; Mobile: +91-9019785574;))
NEW DELHI, Dec 10 (Reuters) - India's aviation regulator has deployed some of its own personnel at IndiGo's corporate headquarters to monitor the carrier's network and recovery, as the country tightens its scrutiny of its largest airline following mass cancellations.
IndiGo did not immediately respond to a request for comment.
The personnel are required to submit a daily report to the Directorate General of Civil Aviation, the body said.
(Reporting by Abhijith Ganapavaram; Editing by Jan Harvey)
((Email: [email protected]; Mobile: +91-9019785574;))
India Civil Aviation Minister On Indigo Crisis Conducting An Inquiry And Will Take Action To "Set An Example" For All Airlines
Interglobe Aviation Ltd INGL.NS:
INDIA CIVIL AVIATION MINISTER ON INDIGO CRISIS: CONDUCTING AN INQUIRY AND WILL TAKE ACTION TO "SET AN EXAMPLE" FOR ALL AIRLINES
Source text: [ID:]
Further company coverage: INGL.NS
Interglobe Aviation Ltd INGL.NS:
INDIA CIVIL AVIATION MINISTER ON INDIGO CRISIS: CONDUCTING AN INQUIRY AND WILL TAKE ACTION TO "SET AN EXAMPLE" FOR ALL AIRLINES
Source text: [ID:]
Further company coverage: INGL.NS
India Aviation Regulator Grants One-Time 24 Hour Extension To Indigo For Response To Show-Cause Notice
Dec 7 (Reuters) -
INDIA AVIATION REGULATOR: DGCA GRANTS ONE-TIME 24 HOUR EXTENSION TO INDIGO FOR RESPONSE TO SHOW-CAUSE NOTICE
INDIA AVIATION REGULATOR: DGCA HAS GRANTED INDIGO A ONE-TIME 24-HOUR EXTENSION TO SUBMIT ITS RESPONSE TO THE SHOW-CAUSE NOTICE ISSUED ON 06 DECEMBER
INDIA AVIATION REGULATOR: EXTENDED INDIGO'S DEADLINE ONLY UNTIL 1800 HRS ON 08 DEC, NO FURTHER EXTENSIONS WILL BE PERMITTED
INDIA AVIATION REGULATOR: FAILURE TO SUBMIT A COMPREHENSIVE REPLY WITHIN THE EXTENDED TIMELINE WILL RESULT IN THE REGULATOR PROCEEDING EX-PARTE
INDIA AVIATION REGULATOR: CONTINUES TO MONITOR THE SITUATION CLOSELY
INDIA AVIATION REGULATOR: REMAINS COMMITTED TO ENSURING PASSENGER SAFETY, REGULATORY COMPLIANCE, TIMELY RESTORATION OF NORMAL AIRLINE OPERATIONS
(([email protected];))
Dec 7 (Reuters) -
INDIA AVIATION REGULATOR: DGCA GRANTS ONE-TIME 24 HOUR EXTENSION TO INDIGO FOR RESPONSE TO SHOW-CAUSE NOTICE
INDIA AVIATION REGULATOR: DGCA HAS GRANTED INDIGO A ONE-TIME 24-HOUR EXTENSION TO SUBMIT ITS RESPONSE TO THE SHOW-CAUSE NOTICE ISSUED ON 06 DECEMBER
INDIA AVIATION REGULATOR: EXTENDED INDIGO'S DEADLINE ONLY UNTIL 1800 HRS ON 08 DEC, NO FURTHER EXTENSIONS WILL BE PERMITTED
INDIA AVIATION REGULATOR: FAILURE TO SUBMIT A COMPREHENSIVE REPLY WITHIN THE EXTENDED TIMELINE WILL RESULT IN THE REGULATOR PROCEEDING EX-PARTE
INDIA AVIATION REGULATOR: CONTINUES TO MONITOR THE SITUATION CLOSELY
INDIA AVIATION REGULATOR: REMAINS COMMITTED TO ENSURING PASSENGER SAFETY, REGULATORY COMPLIANCE, TIMELY RESTORATION OF NORMAL AIRLINE OPERATIONS
(([email protected];))
IndiGo's disruptions seen easing, on-time performance to stay weak in near term, analysts say
** Operational disruptions at IndiGo INGL.NS will gradually ease as schedule adjustments, new duty time rules stabilise, Morgan Stanley, Citi analysts say
** However, Citi says airline's on-time performance will remain weak in near-term, full normalisation could take longer despite short-term fixes
** Morgan Stanley sees rising costs from salaries, rupee depreciation, fuel expenses to pressure margins through FY26; cuts FY7-FY28 EPS estimates by ~20%
** Stock currently down 0.7%; set for sixth straight session of losses, losing ~9% during period
** Both brokerages see airfare rising as capacity stays steady and demand improves, supporting revenue growth
** Morgan Stanley maintains "overweight" with PT of 4,540 rupees, Citi keeps "buy" with PT of 6,500 rupees, citing long term demand strength despite near-term volatility
(Reporting by Kashish Tandon in Bengaluru)
** Operational disruptions at IndiGo INGL.NS will gradually ease as schedule adjustments, new duty time rules stabilise, Morgan Stanley, Citi analysts say
** However, Citi says airline's on-time performance will remain weak in near-term, full normalisation could take longer despite short-term fixes
** Morgan Stanley sees rising costs from salaries, rupee depreciation, fuel expenses to pressure margins through FY26; cuts FY7-FY28 EPS estimates by ~20%
** Stock currently down 0.7%; set for sixth straight session of losses, losing ~9% during period
** Both brokerages see airfare rising as capacity stays steady and demand improves, supporting revenue growth
** Morgan Stanley maintains "overweight" with PT of 4,540 rupees, Citi keeps "buy" with PT of 6,500 rupees, citing long term demand strength despite near-term volatility
(Reporting by Kashish Tandon in Bengaluru)
India's Bengaluru airport says 73 IndiGo flights cancelled on Dec. 4
Dec 4 (Reuters) - A spokesperson for the airport in India's Bengaluru said on Thursday that 73 IndiGo INGL.NS flights had been cancelled on December 4.
At least 150 flights were cancelled and dozens of others delayed on Wednesday, airport sources said, leaving thousands of travellers stranded.
(Reporting by Chandini Monnappa and Kashish Tandon in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; 8800437922;))
Dec 4 (Reuters) - A spokesperson for the airport in India's Bengaluru said on Thursday that 73 IndiGo INGL.NS flights had been cancelled on December 4.
At least 150 flights were cancelled and dozens of others delayed on Wednesday, airport sources said, leaving thousands of travellers stranded.
(Reporting by Chandini Monnappa and Kashish Tandon in Bengaluru; Editing by Janane Venkatraman)
(([email protected]; 8800437922;))
IndiGo says India's crew rostering rules, operational issues caused flight delays, cancellations
Dec 3 (Reuters) - India's IndiGo INGL.NS said on Wednesday that the government's updated crew rostering rules, combined with other operational issues, have lead to delays and cancellations of its flights over the last two days.
The country's largest airline has made changes to its schedule to contain the disruptions, and the measures will remain in place for 48 hours to normalise operations, it said in a statement.
(Reporting by Aditi Shah, Chandini Monnappa, Hritam Mukherjee; Editing by Anil D'Silva)
(([email protected]; X: @MukherjeeHritam;))
Dec 3 (Reuters) - India's IndiGo INGL.NS said on Wednesday that the government's updated crew rostering rules, combined with other operational issues, have lead to delays and cancellations of its flights over the last two days.
The country's largest airline has made changes to its schedule to contain the disruptions, and the measures will remain in place for 48 hours to normalise operations, it said in a statement.
(Reporting by Aditi Shah, Chandini Monnappa, Hritam Mukherjee; Editing by Anil D'Silva)
(([email protected]; X: @MukherjeeHritam;))
Indigo Operations Update Reports No Cancellations So Far, Over 60% Of Impacted Airbus A320 Family Fleet Is Already Compliant - ET Now
Nov 29 (Reuters) -
INDIGO OPERATIONS UPDATE: REPORTS NO CANCELLATIONS SO FAR, OVER 60% OF IMPACTED AIRBUS A320 FAMILY FLEET IS ALREADY COMPLIANT - ET NOW
Source text: https://tinyurl.com/3jmmsrr5
Further company coverage: AIR.PA
(([email protected];))
Nov 29 (Reuters) -
INDIGO OPERATIONS UPDATE: REPORTS NO CANCELLATIONS SO FAR, OVER 60% OF IMPACTED AIRBUS A320 FAMILY FLEET IS ALREADY COMPLIANT - ET NOW
Source text: https://tinyurl.com/3jmmsrr5
Further company coverage: AIR.PA
(([email protected];))
Indian Airline IndiGo Says Proactively Completing Mandated Updates On A320 Aircraft
Nov 28 (Reuters) - INDIGO:
INDIGO: PROACTIVELY COMPLETING MANDATED UPDATES ON A320 AIRCRAFT
INDIGO: SOME FLIGHTS MAY SEE SOME SLIGHT SCHEDULE CHANGES
Source text: https://x.com/IndiGo6E/status/1994504833521562040
Further company coverage: AIR.PA
(([email protected];))
Nov 28 (Reuters) - INDIGO:
INDIGO: PROACTIVELY COMPLETING MANDATED UPDATES ON A320 AIRCRAFT
INDIGO: SOME FLIGHTS MAY SEE SOME SLIGHT SCHEDULE CHANGES
Source text: https://x.com/IndiGo6E/status/1994504833521562040
Further company coverage: AIR.PA
(([email protected];))
Indigo Says Flight Operations At Delhi Airport Are Currently Experiencing Delays Due To A Technical Issue With Air Traffic Control System
Nov 6 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO: FLIGHT OPERATIONS AT DELHI AIRPORT ARE CURRENTLY EXPERIENCING DELAYS DUE TO A TECHNICAL ISSUE WITH AIR TRAFFIC CONTROL (ATC) SYSTEM
INDIGO: AS A RESULT OF THE TECHNICAL ISSUE, FLIGHT OPERATIONS AT DELHI AND SEVERAL NORTHERN REGIONS ARE IMPACTED
Source text: https://tinyurl.com/58fhnw5t
Further company coverage: INGL.NS
(([email protected];))
Nov 6 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO: FLIGHT OPERATIONS AT DELHI AIRPORT ARE CURRENTLY EXPERIENCING DELAYS DUE TO A TECHNICAL ISSUE WITH AIR TRAFFIC CONTROL (ATC) SYSTEM
INDIGO: AS A RESULT OF THE TECHNICAL ISSUE, FLIGHT OPERATIONS AT DELHI AND SEVERAL NORTHERN REGIONS ARE IMPACTED
Source text: https://tinyurl.com/58fhnw5t
Further company coverage: INGL.NS
(([email protected];))
IndiGo Q2 Loss 26.14 Billion Rupees
Nov 4 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO Q2 LOSS 26.14 BILLION RUPEES
INDIGO Q2 REV FROM OPS 185.55 BLN RUPEES
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];))
Nov 4 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO Q2 LOSS 26.14 BILLION RUPEES
INDIGO Q2 REV FROM OPS 185.55 BLN RUPEES
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];))
Indian airline IndiGo not ruling out intermediate solutions before Airbus wide-body jets arrive, CEO says
Oct 29 (Reuters) - Indian carrier IndiGo INGL.NS has not ruled out more interim solutions to increase its long-haul capacity before the wide-body jets it has ordered from Airbus AIR.PA arrive in 2027, Chief Executive Pieter Elbers said on Wednesday.
Elbers, when asked about grounded planes due to Pratt & Whitney engine issues, said it is a sad reality, without sharing a timeline for the grounding to end.
(Reporting by Abhijith Ganapavaram; Editing by Christopher Cushing)
(([email protected]; 8800437922;))
Oct 29 (Reuters) - Indian carrier IndiGo INGL.NS has not ruled out more interim solutions to increase its long-haul capacity before the wide-body jets it has ordered from Airbus AIR.PA arrive in 2027, Chief Executive Pieter Elbers said on Wednesday.
Elbers, when asked about grounded planes due to Pratt & Whitney engine issues, said it is a sad reality, without sharing a timeline for the grounding to end.
(Reporting by Abhijith Ganapavaram; Editing by Christopher Cushing)
(([email protected]; 8800437922;))
Indigo Announces Daily Flights Between Delhi And Guangzhou From 10 November 2025
Oct 11 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO - ANNOUNCES DAILY FLIGHTS BETWEEN DELHI AND GUANGZHOU FROM 10 NOVEMBER 2025
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];))
Oct 11 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO - ANNOUNCES DAILY FLIGHTS BETWEEN DELHI AND GUANGZHOU FROM 10 NOVEMBER 2025
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];))
India's IndiGo to increase number of flights to Manchester
Oct 9 (Reuters) - IndiGo INGL.NS will increase the frequency of its flights to Manchester in the United Kingdom from Mumbai and Delhi using Boeing BA.N 787-9 Dreamliner aircraft, India's largest carrier said on Thursday.
The UK-India corridor is a "high-potential market", the company said, adding that the move represents a further 28% increase in non-stop capacity between India and Manchester.
(Reporting by Komal Salecha; Editing by Janane Venkatraman)
(([email protected];))
Oct 9 (Reuters) - IndiGo INGL.NS will increase the frequency of its flights to Manchester in the United Kingdom from Mumbai and Delhi using Boeing BA.N 787-9 Dreamliner aircraft, India's largest carrier said on Thursday.
The UK-India corridor is a "high-potential market", the company said, adding that the move represents a further 28% increase in non-stop capacity between India and Manchester.
(Reporting by Komal Salecha; Editing by Janane Venkatraman)
(([email protected];))
India fines IndiGo over alleged lapses in pilot training
Oct 8 (Reuters) - InterGlobe Aviation INGL.NS, parent of airline IndiGo, has been fined by India’s aviation regulator for allegedly failing to use "qualified simulators" for pilot training at Category C airports, the company said on Wednesday.
The Directorate General of Civil Aviation imposed a 2 million-rupee ($22,531.40) penalty in its September 26 order, which the company said it will contest.
($1 = 88.7650 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru; Editing by Sonia Cheema)
Oct 8 (Reuters) - InterGlobe Aviation INGL.NS, parent of airline IndiGo, has been fined by India’s aviation regulator for allegedly failing to use "qualified simulators" for pilot training at Category C airports, the company said on Wednesday.
The Directorate General of Civil Aviation imposed a 2 million-rupee ($22,531.40) penalty in its September 26 order, which the company said it will contest.
($1 = 88.7650 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru; Editing by Sonia Cheema)
India and China to resume direct flights after five-year freeze
Recasts with statement from Chinese airport
HONG KONG, Oct 3 (Reuters) - China's Guangzhou Baiyun International Airport 600004.SS confirmed on Friday that direct flights between India and China will resume later this month, ending a halt of more than five years and signalling a cautious easing of bilateral tensions.
There have been no direct flights between China and India since 2020, even though China is India's biggest bilateral trade partner.
India's foreign ministry earlier announced the move on Thursday, followed by a statement from India's largest carrier IndiGo INGL.NS that it would begin daily non-stop flights between Kolkata and Guangzhou on October 26.
In a statement on Friday night, the state-backed Guangzhou Baiyun International Airport noted the IndiGo announcement - the first comment on the move by Chinese authorities.
"In the future, Guangzhou Baiyun Airport will also actively promote airlines to open direct routes such as Guangzhou and Delhi," the statement said.
Indian Prime Minister Narendra Modi visited China a month ago for the first time in seven years to attend a meeting of the Shanghai Cooperation Organisation regional security bloc.
Modi and Chinese President Xi Jinping agreed that India and China were development partners, not rivals, and discussed ways to strengthen trade ties amid global tariff uncertainty.
Modi also conveyed India's commitment to improving ties and raised concerns about its widening trade deficit with China, which stands at nearly $99.2 billion.
He emphasised the importance of maintaining peace and stability along their disputed border, where a clash in 2020 triggered a five-year military standoff.
(Reporting by Mrinmay Dey, Abhijith Ganapavaram and Yazhini MV; Additional reporting by Beijing newsroom; Writing by Greg Torode; Editing by Susan Fenton, Kevin Liffey, William Maclean)
(([email protected];))
Recasts with statement from Chinese airport
HONG KONG, Oct 3 (Reuters) - China's Guangzhou Baiyun International Airport 600004.SS confirmed on Friday that direct flights between India and China will resume later this month, ending a halt of more than five years and signalling a cautious easing of bilateral tensions.
There have been no direct flights between China and India since 2020, even though China is India's biggest bilateral trade partner.
India's foreign ministry earlier announced the move on Thursday, followed by a statement from India's largest carrier IndiGo INGL.NS that it would begin daily non-stop flights between Kolkata and Guangzhou on October 26.
In a statement on Friday night, the state-backed Guangzhou Baiyun International Airport noted the IndiGo announcement - the first comment on the move by Chinese authorities.
"In the future, Guangzhou Baiyun Airport will also actively promote airlines to open direct routes such as Guangzhou and Delhi," the statement said.
Indian Prime Minister Narendra Modi visited China a month ago for the first time in seven years to attend a meeting of the Shanghai Cooperation Organisation regional security bloc.
Modi and Chinese President Xi Jinping agreed that India and China were development partners, not rivals, and discussed ways to strengthen trade ties amid global tariff uncertainty.
Modi also conveyed India's commitment to improving ties and raised concerns about its widening trade deficit with China, which stands at nearly $99.2 billion.
He emphasised the importance of maintaining peace and stability along their disputed border, where a clash in 2020 triggered a five-year military standoff.
(Reporting by Mrinmay Dey, Abhijith Ganapavaram and Yazhini MV; Additional reporting by Beijing newsroom; Writing by Greg Torode; Editing by Susan Fenton, Kevin Liffey, William Maclean)
(([email protected];))
INDIGO - RESUMPTION OF SERVICES TO MAINLAND CHINA
Oct 2 (Reuters) - Indigo:
INDIGO - RESUMPTION OF SERVICES TO MAINLAND CHINA
INDIGO - NON-STOP DAILY FLIGHTS CONNECTING KOLKATA TO GUANGZHOU STARTING OCTOBER 26, 2025
INDIGO - WILL ALSO INTRODUCE DIRECT FLIGHTS BETWEEN DELHI AND GUANGZHOU SHORTLY
Further company coverage: INGL.NS
(([email protected];))
Oct 2 (Reuters) - Indigo:
INDIGO - RESUMPTION OF SERVICES TO MAINLAND CHINA
INDIGO - NON-STOP DAILY FLIGHTS CONNECTING KOLKATA TO GUANGZHOU STARTING OCTOBER 26, 2025
INDIGO - WILL ALSO INTRODUCE DIRECT FLIGHTS BETWEEN DELHI AND GUANGZHOU SHORTLY
Further company coverage: INGL.NS
(([email protected];))
India proposes easing aircraft leasing conditions in potential boost for IndiGo
By Abhijith Ganapavaram
NEW DELHI, Oct 1 (Reuters) - India's aviation regulator has proposed removing the mandate that airlines can only take planes on lease with crew in emergencies, draft regulations show, in a move that could make it easier for carriers to tide over any aircraft shortages.
The proposed rules could help airlines like India's biggest carrier IndiGo INGL.NS which has taken two planes with crew on so-called wet lease from Turkish Airlines, allowing it to offer connectivity with flights to Europe and the United States.
The partnership has irked rival Air India, which unsuccessfully lobbied the Indian government to block it, arguing it gives more air traffic to Turkey and hurts India's aviation sector.
The Directorate General of Civil Aviation (DGCA) regulations had permitted airlines to enter such leases only in emergency situations, such as unexpected grounding of aircraft.
The new draft proposal replaces the word "only" with "normally", making processing of such requests potentially easier, lawyers said.
"This added flexibility could play a crucial role in easing capacity constraints, especially in light of the limited availability of larger aircraft," said Lovejeet Singh, a partner at law firm Chandhiok & Mahajan and specialist in aviation laws.
The proposal was posted on DGCA's website earlier this week but has not previously been reported. It is open for public consultations until October 28.
The DGCA and IndiGo did not respond to Reuters queries on the planned changes in regulations.
IndiGo's Turkish partnership has faced criticism in India in recent months after Turkey came out in support of Pakistan during the recent India-Pakistan conflict.
While India's government first said it wouldn't extend that lease, it changed course in August without giving a reason to let IndiGo continue.
The current DGCA regulations mandate airlines to only lease aircraft from countries where the average industry safety score is above 80%, but the new draft rules said the watchdog can exempt that requirement on a one-time basis.
(Reporting by Abhijith Ganapavaram; Editing by Aditya Kalra; Editing by Ros Russell)
((Email: [email protected]; Mobile: +91-9019785574;))
By Abhijith Ganapavaram
NEW DELHI, Oct 1 (Reuters) - India's aviation regulator has proposed removing the mandate that airlines can only take planes on lease with crew in emergencies, draft regulations show, in a move that could make it easier for carriers to tide over any aircraft shortages.
The proposed rules could help airlines like India's biggest carrier IndiGo INGL.NS which has taken two planes with crew on so-called wet lease from Turkish Airlines, allowing it to offer connectivity with flights to Europe and the United States.
The partnership has irked rival Air India, which unsuccessfully lobbied the Indian government to block it, arguing it gives more air traffic to Turkey and hurts India's aviation sector.
The Directorate General of Civil Aviation (DGCA) regulations had permitted airlines to enter such leases only in emergency situations, such as unexpected grounding of aircraft.
The new draft proposal replaces the word "only" with "normally", making processing of such requests potentially easier, lawyers said.
"This added flexibility could play a crucial role in easing capacity constraints, especially in light of the limited availability of larger aircraft," said Lovejeet Singh, a partner at law firm Chandhiok & Mahajan and specialist in aviation laws.
The proposal was posted on DGCA's website earlier this week but has not previously been reported. It is open for public consultations until October 28.
The DGCA and IndiGo did not respond to Reuters queries on the planned changes in regulations.
IndiGo's Turkish partnership has faced criticism in India in recent months after Turkey came out in support of Pakistan during the recent India-Pakistan conflict.
While India's government first said it wouldn't extend that lease, it changed course in August without giving a reason to let IndiGo continue.
The current DGCA regulations mandate airlines to only lease aircraft from countries where the average industry safety score is above 80%, but the new draft rules said the watchdog can exempt that requirement on a one-time basis.
(Reporting by Abhijith Ganapavaram; Editing by Aditya Kalra; Editing by Ros Russell)
((Email: [email protected]; Mobile: +91-9019785574;))
Thales Signs Two Strategic Contracts With India’s Indigo - Statement
Sept 17 (Reuters) - Interglobe Aviation Ltd INGL.NS:
THALES SIGNS TWO STRATEGIC CONTRACTS WITH INDIA’S INDIGO - STATEMENT
MAINTENANCE CONTRACT FOR INDIGO'S CURRENT AIRBUS A320 FLEET, FUTURE A32X AIRCRAFTS - STATEMENT
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];))
Sept 17 (Reuters) - Interglobe Aviation Ltd INGL.NS:
THALES SIGNS TWO STRATEGIC CONTRACTS WITH INDIA’S INDIGO - STATEMENT
MAINTENANCE CONTRACT FOR INDIGO'S CURRENT AIRBUS A320 FLEET, FUTURE A32X AIRCRAFTS - STATEMENT
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];))
Indigo To Launch Flights Between Mumbai And Copenhagen Starting October 8
Sept 16 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO - TO LAUNCH FLIGHTS BETWEEN MUMBAI AND COPENHAGEN (DENMARK) STARTING OCTOBER 8
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];;))
Sept 16 (Reuters) - Interglobe Aviation Ltd INGL.NS:
INDIGO - TO LAUNCH FLIGHTS BETWEEN MUMBAI AND COPENHAGEN (DENMARK) STARTING OCTOBER 8
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];;))
The Chinkerpoo Family Trust Sells 5.04 Million Shares Of Indigo Via Bulk Deals
Aug 28 (Reuters) - Interglobe Aviation Ltd INGL.NS:
THE CHINKERPOO FAMILY TRUST SELLS 5.04 MILLION SHARES OF INDIGO VIA BULK DEALS - NSE DATA
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];;))
Aug 28 (Reuters) - Interglobe Aviation Ltd INGL.NS:
THE CHINKERPOO FAMILY TRUST SELLS 5.04 MILLION SHARES OF INDIGO VIA BULK DEALS - NSE DATA
Source text: [ID:]
Further company coverage: INGL.NS
(([email protected];;))
Rakesh Gangwal Family Likely To Sell Up To 3.1% Stake In Interglobe Aviation (IndiGo) Via Block Deals - CNBC-TV18
Aug 26 (Reuters) -
RAKESH GANGWAL FAMILY LIKELY TO SELL UP TO 3.1% STAKE IN INTERGLOBE AVIATION (INDIGO) VIA BLOCK DEALS - CNBC-TV18
Source text: https://tinyurl.com/4ky7pxhz
Further company coverage: INGL.NS
(([email protected];))
Aug 26 (Reuters) -
RAKESH GANGWAL FAMILY LIKELY TO SELL UP TO 3.1% STAKE IN INTERGLOBE AVIATION (INDIGO) VIA BLOCK DEALS - CNBC-TV18
Source text: https://tinyurl.com/4ky7pxhz
Further company coverage: INGL.NS
(([email protected];))
India's Nifty 50 index to include Max Healthcare, InterGlobe Aviation after rejig
Aug 22 (Reuters) - India's National Stock Exchange (NSE) said on Friday it will add hospital-chain operator Max Healthcare MAXE.NS and Indigo-parent InterGlobe Aviation INGL.NS to its benchmark Nifty 50 index .NSEI effective September 30.
IndusInd Bank INBK.NS and Hero MotoCorp HROM.NS will be removed from the index as part of the NSE's semi-annual rebalancing, the exchange said.
(Reporting by Hritam Mukherjee and Urvi Dugar in Bengaluru; Editing by Leroy Leo)
(([email protected];))
Aug 22 (Reuters) - India's National Stock Exchange (NSE) said on Friday it will add hospital-chain operator Max Healthcare MAXE.NS and Indigo-parent InterGlobe Aviation INGL.NS to its benchmark Nifty 50 index .NSEI effective September 30.
IndusInd Bank INBK.NS and Hero MotoCorp HROM.NS will be removed from the index as part of the NSE's semi-annual rebalancing, the exchange said.
(Reporting by Hritam Mukherjee and Urvi Dugar in Bengaluru; Editing by Leroy Leo)
(([email protected];))
India's IndiGo hits record high on GST reform plan, hopes of market share gains
Updates
** Shares of Indian airline IndiGo INGL.NS rise as much as 3.2% to 6,174 rupees, a record high
** Jefferies ("Buy") says it expects INGL's market share gains to sustain across domestic and international segments, especially with Air India's capacity pullback
** Rise also mirrors broader market rally on GST reform plans
** INGL shows indisputable dominant presence in Indian aviation, steady aircraft deliveries outlook, and growth levers around international expansion - Jefferies
** INGL dominates India's domestic aviation market with nearly 63% market share as of December 2024
** Stock on track for fifth straight session of gains
** Analysts rate it "buy" on avg; median PT is 6,558 rupees - data compiled by LSEG
** Stock up 36% YTD
(Reporting by Komal Salecha)
Updates
** Shares of Indian airline IndiGo INGL.NS rise as much as 3.2% to 6,174 rupees, a record high
** Jefferies ("Buy") says it expects INGL's market share gains to sustain across domestic and international segments, especially with Air India's capacity pullback
** Rise also mirrors broader market rally on GST reform plans
** INGL shows indisputable dominant presence in Indian aviation, steady aircraft deliveries outlook, and growth levers around international expansion - Jefferies
** INGL dominates India's domestic aviation market with nearly 63% market share as of December 2024
** Stock on track for fifth straight session of gains
** Analysts rate it "buy" on avg; median PT is 6,558 rupees - data compiled by LSEG
** Stock up 36% YTD
(Reporting by Komal Salecha)
India presses for global 'code of conduct' over pilot poaching
Repeats story published earlier. No change to text.
India wrestling with shortages of experienced pilots
India concerned over foreign airlines poaching Indian pilots
Poaching affects Indian carriers’ ability to compete globally
By Allison Lampert and Aditya Kalra
MONTREAL/NEW DELHI Aug 8 (Reuters) - India wants countries to agree a new code of conduct on hiring each other's airline staff after raising concerns that its fast-growing aviation system is being stifled by the poaching of Indian pilots and cabin crew without adequate notice.
India, one of the world's fastest-growing aviation markets, is wrestling with a shortage of experienced pilots, denting Prime Minister Narendra Modi's aspiration of developing a job-creating global aviation hub. The recent fatal crash of an Air India jetliner has sparked tighter scrutiny of the sector.
But foreign airlines are repeatedly hiring skilled staff from Indian airlines, "adversely impacting India’s ability to develop its civil aviation sector in an orderly manner," India said in an August 1 working paper submitted to the U.N.'s aviation agency, the International Civil Aviation Organization.
"Airlines from other (countries) tend to recruit experienced pilots, engineers, technicians, and cabin crew from Indian carriers, preventing India's civil aviation sector from achieving planned and orderly growth," India wrote in the paper, without identifying any foreign airline by name.
"This practice creates a vicious cycle where Indian carriers are forced to continuously recruit and train replacement personnel by diverting resources from expansion activities and operational improvements."
The paper was released on the ICAO website ahead of its triennial assembly. It has not previously been reported.
India's Civil Aviation Ministry was not immediately available for comment.
India's government said in April the country would need 30,000 pilots over the next 15–20 years, up from the current 6,000–7,000, as airlines collectively had more than 1,700 aircraft on order.
India's domestic aviation sector is led by IndiGo INGL.NS and Air India, while all major international airlines from Emirates to British Airways to Lufthansa LHAG.DE operate regular flights. In 2023, Air India exchanged barbs with Akasa Air over the poaching of pilots domestically.
The working paper asks for the creation of a code of conduct on the movement of skilled aviation workers among ICAO's member countries.
It doesn't specify how the code of conduct would work.
"These challenges cause economic losses that affect Indian carriers’ ability to compete in international markets ... and achieve its ambitious target of 300 million domestic passengers by 2030," the paper said.
ICAO, which seeks to use consensus to set standards on everything from runways to seat belts, was created after the United States invited more than 50 allies to agree in 1944 to a common air navigation system.
(Allison Lampert in Montreal and Aditya Kalra in New Delhi. Editing by Mark Potter)
(([email protected], 514-796-4212))
Repeats story published earlier. No change to text.
India wrestling with shortages of experienced pilots
India concerned over foreign airlines poaching Indian pilots
Poaching affects Indian carriers’ ability to compete globally
By Allison Lampert and Aditya Kalra
MONTREAL/NEW DELHI Aug 8 (Reuters) - India wants countries to agree a new code of conduct on hiring each other's airline staff after raising concerns that its fast-growing aviation system is being stifled by the poaching of Indian pilots and cabin crew without adequate notice.
India, one of the world's fastest-growing aviation markets, is wrestling with a shortage of experienced pilots, denting Prime Minister Narendra Modi's aspiration of developing a job-creating global aviation hub. The recent fatal crash of an Air India jetliner has sparked tighter scrutiny of the sector.
But foreign airlines are repeatedly hiring skilled staff from Indian airlines, "adversely impacting India’s ability to develop its civil aviation sector in an orderly manner," India said in an August 1 working paper submitted to the U.N.'s aviation agency, the International Civil Aviation Organization.
"Airlines from other (countries) tend to recruit experienced pilots, engineers, technicians, and cabin crew from Indian carriers, preventing India's civil aviation sector from achieving planned and orderly growth," India wrote in the paper, without identifying any foreign airline by name.
"This practice creates a vicious cycle where Indian carriers are forced to continuously recruit and train replacement personnel by diverting resources from expansion activities and operational improvements."
The paper was released on the ICAO website ahead of its triennial assembly. It has not previously been reported.
India's Civil Aviation Ministry was not immediately available for comment.
India's government said in April the country would need 30,000 pilots over the next 15–20 years, up from the current 6,000–7,000, as airlines collectively had more than 1,700 aircraft on order.
India's domestic aviation sector is led by IndiGo INGL.NS and Air India, while all major international airlines from Emirates to British Airways to Lufthansa LHAG.DE operate regular flights. In 2023, Air India exchanged barbs with Akasa Air over the poaching of pilots domestically.
The working paper asks for the creation of a code of conduct on the movement of skilled aviation workers among ICAO's member countries.
It doesn't specify how the code of conduct would work.
"These challenges cause economic losses that affect Indian carriers’ ability to compete in international markets ... and achieve its ambitious target of 300 million domestic passengers by 2030," the paper said.
ICAO, which seeks to use consensus to set standards on everything from runways to seat belts, was created after the United States invited more than 50 allies to agree in 1944 to a common air navigation system.
(Allison Lampert in Montreal and Aditya Kalra in New Delhi. Editing by Mark Potter)
(([email protected], 514-796-4212))
India's IndiGo airline operator choppy after disappointing Q1 results
** Shares of India's Interglobe Aviation INGL.NS, which operates budget airline IndiGo, volatile in early trade
** Shares swing between 0.7% gains and 0.6% losses; benchmark Nifty 50 .NSEI down 0.7% after Trump's 25% tariff, penalty threat .BO
** Carrier's Q1 rev growth slowed y/y on subdued demand after India-Pakistan conflict, fatal Air India crash; profit dropped as forex losses widened
** Emkay Research says INGL's Q1 rev and core profits missed its estimates, mainly owing to yields coming 4% below expectations
** Still, brokerage maintains "buy", hikes TP by 8% to 6,500 rupees, citing airline's market dominance, overseas expansion, positive sector outlook
** On avg, stock rated "buy", median TP 6,500 rupees - data compiled by LSEG
** YTD stock up ~26%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of India's Interglobe Aviation INGL.NS, which operates budget airline IndiGo, volatile in early trade
** Shares swing between 0.7% gains and 0.6% losses; benchmark Nifty 50 .NSEI down 0.7% after Trump's 25% tariff, penalty threat .BO
** Carrier's Q1 rev growth slowed y/y on subdued demand after India-Pakistan conflict, fatal Air India crash; profit dropped as forex losses widened
** Emkay Research says INGL's Q1 rev and core profits missed its estimates, mainly owing to yields coming 4% below expectations
** Still, brokerage maintains "buy", hikes TP by 8% to 6,500 rupees, citing airline's market dominance, overseas expansion, positive sector outlook
** On avg, stock rated "buy", median TP 6,500 rupees - data compiled by LSEG
** YTD stock up ~26%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
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What does Interglobe Aviation do?
InterGlobe Aviation is engaged in the business of aviation, hospitality, logistics, technology, airline management, advanced pilot training and aircraft maintenance engineering. The company is in the low cost carrier (LCC) segment of the airline industry in India. The principal activities of the company comprise of air transportation which includes passenger and cargo services and providing related allied services including in-flight sales.
Who are the competitors of Interglobe Aviation?
Interglobe Aviation major competitors are SpiceJet, Global Vectra Helico. Market Cap of Interglobe Aviation is ₹1,93,346 Crs. While the median market cap of its peers are ₹2,389 Crs.
Is Interglobe Aviation financially stable compared to its competitors?
Interglobe Aviation seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Interglobe Aviation pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Interglobe Aviation latest dividend payout ratio is 5.32% and 3yr average dividend payout ratio is 5.32%
How has Interglobe Aviation allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments
How strong is Interglobe Aviation balance sheet?
Balance sheet of Interglobe Aviation is moderately strong.
Is the profitablity of Interglobe Aviation improving?
No, profit is decreasing. The profit of Interglobe Aviation is ₹5,110 Crs for TTM, ₹7,258 Crs for Mar 2025 and ₹8,172 Crs for Mar 2024.
Is the debt of Interglobe Aviation increasing or decreasing?
Yes, The net debt of Interglobe Aviation is increasing. Latest net debt of Interglobe Aviation is -₹19,482.5 Crs as of Sep-25. This is greater than Mar-25 when it was -₹36,124 Crs.
Is Interglobe Aviation stock expensive?
Interglobe Aviation is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of Interglobe Aviation is 37.83, while 3 year average PE is 13.94. Also latest EV/EBITDA of Interglobe Aviation is 10.18 while 3yr average is 21.62.
Has the share price of Interglobe Aviation grown faster than its competition?
Interglobe Aviation has given better returns compared to its competitors. Interglobe Aviation has grown at ~14.67% over the last 10yrs while peers have grown at a median rate of -3.0%
Is the promoter bullish about Interglobe Aviation?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Interglobe Aviation is 41.58% and last quarter promoter holding is 43.54%
Are mutual funds buying/selling Interglobe Aviation?
The mutual fund holding of Interglobe Aviation is increasing. The current mutual fund holding in Interglobe Aviation is 17.23% while previous quarter holding is 17.21%.