INDIGO

** Shares of airline operator InterGlobe Aviation INGL.NS jump 2.3% to 5094.5 rupees after multiple brokerages see its growth outlook improving

** Morgan Stanley reiterates "overweight", says stock's F12M PE aligns with pre-COVID levels

** Citi retains "buy" on robust air travel demand, rising incomes and low penetration

** Jefferies calls INGL its top pick, reiterates "buy" and raises its TP by 19% to 5700 rupees

** Brokerages see gains from INGL's large fleet and strong order book

** Adds order visibility, capital discipline and global expansion plans as factors contributing to positive view on INGL

** Average rating on INGL is "buy", median TP 5282.50 rupees, per data compiled by LSEG

** INGL up 11.2% YTD vs 8.4% drop in Nifty Next 50 index .NN50, of which it is a constituent - exchange data

(Reporting by Bharath Rajeswaran in Bengaluru)

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March 19 (Reuters) - Indian airline IndiGo INGL.NS plans to significantly increase the number of seats it allocates for international flights by fiscal year 2030 to secure greater market share, it said on Wednesday.

The no-frills airline expects to increase its international capacity share, or the proportion of its total available seat kilometers for international routes, to 40% from 28% currently, it said in an investor presentation.

The airline reached its current capacity share in seven years, from 14% in fiscal year 2018.

The airline currently flies to 40 international destinations, and has about 19% share of India's international flight market, according to the latest data from the country's aviation regulator.

Shares of the company were up 4.2% following the announcement.

IndiGo's push beyond the domestic market, where it commands a nearly 60% share, comes at a time when Indian carriers are racing to keep pace with surging demand for both domestic and international air travel, despite aircraft supply constraints.

The company had in January said it plans to boost its international operations, which currently account for about 10% of revenue according to its December-quarter update.

Last month, IndiGo announced plans to lease a Boeing 787-9 Dreamliner widebody jet from Norse Atlantic Airways NORSE.OL as part of its efforts to tap into long-haul routes.

IndiGo also plans to add business class seats to its Airbus AIR.PA A321XLR and A350 aircraft to boost revenue, a business class tickets cost roughly thrice as much as economy class.

IndiGo introduced business class seats late last year on some domestic routes, its first departure from an all-economy cabin, and is aiming to capitalise on the growing demand for premium travel among Indians.

The airline also reaffirmed its goal of increasing its aircraft fleet to over 600 by 2030 from about 437 currently.

(Reporting by Meenakshi Maidas in Bengaluru; Editing by Varun H K)

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** Morgan Stanley tweaks its India focus list of stocks to add IT company Coforge COFO.NS and airlines operator Interglobe Aviation INGL.NS

** Brokerage removes Infosys INFY.NS and automaker Mahindra & Mahindra MAHM.NS to accommodate the additions

** Brokerage remains positive on large private sector financials, consumer, industrial and IT stocks

** Large-deal momentum, increasing addressable market, execution track record bodes well for COFO's growth prospects, it says

** Adds, COFO's recent underperformance over IT stocks offers good entry point

** COFO down 25% in 2025 so far; IT .NIFTYIT lost 17%

** INGL's rising market share in India, one of the fastest growing aviation markets, to aid earnings over fiscal years 2025-2027, according to Morgan Stanley

** COFO little changed on the day, INGL is up 1.6%; INFY and MAHM up 0.4% and 1.9%, respectively

(Reporting by Bharath Rajeswaran in Bengaluru)

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March 12 (Reuters) - Interglobe Aviation Ltd INGL.NS:

• APPROVES INVESTMENT OF UP TO 3,940 MILLION RUPEES IN SUBSIDIARY

• INVESTMENT TO FINANCE AVIATION ASSETS AND REPAY LOANS

• TO INVEST IN SHARES OF INTERGLOBE AVIATION FINANCIAL SERVICES IFSC

Source text: ID:nBSE3P5DlW

Further company coverage: INGL.NS

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Feb 26 (Reuters) - Interglobe Aviation Ltd INGL.NS:

• INDIGO: SIGNS FIRM DAMP LEASE AGREEMENT FOR ADDITIONAL THREE WIDE-BODY AIRCRAFT WITH NORSE ATLANTIC AIRWAYS

• INDIGO: AIRCRAFT WILL BE ARRIVING IN INDIA IN SECOND HALF OF 2025

Further company coverage: INGL.NS

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Feb 25 (Reuters) - Interglobe Aviation Ltd INGL.NS:

• INDIGO - WILL COMMENCE OPERATIONS WITH LEASED BOEING 787-9 WIDE BODY AIRCRAFT ON DELHI- BANGKOK ROUTE

Source text: [ID:]

Further company coverage: INGL.NS

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Repeats story published on Feb 17, with no changes to text

By Nivedita Bhattacharjee

BENGALURU, Feb 17 (Reuters) - Airbus AIR.PA, Collins Aerospace, Pratt & Whitney, and Rolls-Royce RR.L are expanding parts sourcing from India, driving growth in the country's emerging aerospace sector and pushing local firms to elevate their games, industry insiders say.

Bengaluru-based Hical Technologies and JJG Aero are among those riding the wave. Hical, a supplier to Raytheon Technology and Boeing among others, aims to double revenue to 5 billion rupees ($57.57 million) from its aerospace division in three years, said Yashas Jaiveer Shashikiran, joint managing director.

JJG Aero, also in Bengaluru’s industrial hub, took 12 years to hit $2 million in revenue but soared to $20 million in the last six, said CEO Anuj Jhunjhunwala.

The growth is part of an Asia-Pacific aerospace surge, with 2024 revenue projected to be 54% above 2019 levels, while North America and Europe remain 3% and 4% lower, according to Accenture Research.

“Earlier, we were chasing customers. Now, they are equally interested in evaluating Indian machine shops,” Jhunjhunwala said, adding that contracts were being signed more quickly and onboarding processes being done much faster than ever before.

The companies produce parts for landing gear, wings, fuselage, electrical switches and motion control systems essential for flight safety and performance.

Leading Western plane and engine manufacturers, whose output has been constrained by strikes, production caps, and parts and labour shortages since the pandemic, say they want to source more from India to meet rising demand for air travel.

"India is the best solution to supply chain challenges,” Huw Morgan, senior vice president for aerospace procurement at Rolls-Royce, said last week at an industry event.

"Our engine volumes are growing at around 20% and the traditional supply chains are just not able to support it," Morgan said. "India is ... the best cost market."

The British company plans to double sourcing from India within five years.

The country is among the biggest aircraft buyers in the world, yet accounts for only 1% of the global supply chain market, according to the recently formed Aerospace India Association.

"Post-Covid, the global aerospace industry has reached an inflection point. While this shift began in 2020, aerospace is a slow-moving industry — it takes time for changes to materialise," said Aravind Melligeri of supplier Aequs.

MORE PLANES, MORE PARTS

India, the world's third-largest domestic aviation market by seats, is also among the fastest-growing, driving demand for maintenance services and parts.

Massive aircraft orders from IndiGo INGL.NS and Air India are fuelling growth across the aviation ecosystem, Air India CEO Campbell Wilson told Reuters.

Although Indian firms have long supplied the $180 billion global aerospace industry, they are now moving beyond basic manufacturing to higher-value work such as design, engineering, and system integration.

Airbus in 2024 awarded its second aircraft door contract within a year to Indian suppliers.

"India is contributing more than 1 billion euros currently in the overall Airbus supply chain and we expect to double that. Every commercial aircraft of Airbus today has some part or component that is made in India," said Michel Narchi, head Of international operations at Airbus said.

INDUSTRY EFFORTS

India’s civil aviation ministry held a meeting last week with industry leaders about boosting component manufacturing, said AIA Director General Srinivasan Dwarakanath. The association represents both Indian and global firms.

He said a key step towards real value addition would be the local sourcing of raw materials such as aluminium, steel, and titanium, eventually leading to certification of designs made by Indian suppliers.

The AIA estimates that India's aerospace industry will capture 10% of the global supply chain market within a decade, with the global market projected to reach $250 billion annually by 2033.

"India also had the initial challenges of being physically farther away from the main markets of the U.S. and Europe. Engineering approvals, qualification timings, raw material sourcing - it took some time to build the ecosystem, but now India is all set," said Hical's Yashas Jaiveer.

(Reporting by Nivedita Bhattacharjee in Bengaluru; additional reporting by Lisa Barrington in Seoul and Joanna Plucinska in London; Editing by Gerry Doyle)

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.

By Nivedita Bhattacharjee

BENGALURU, Feb 17 (Reuters) - Airbus AIR.PA, Collins Aerospace, Pratt & Whitney, and Rolls-Royce RR.L are expanding parts sourcing from India, driving growth in the country's emerging aerospace sector and pushing local firms to elevate their games, industry insiders say.

Bengaluru-based Hical Technologies and JJG Aero are among those riding the wave. Hical, a supplier to Raytheon Technology and Boeing among others, aims to double revenue to 5 billion rupees ($57.57 million) from its aerospace division in three years, said Yashas Jaiveer Shashikiran, joint managing director.

JJG Aero, also in Bengaluru’s industrial hub, took 12 years to hit $2 million in revenue but soared to $20 million in the last six, said CEO Anuj Jhunjhunwala.

The growth is part of an Asia-Pacific aerospace surge, with 2024 revenue projected to be 54% above 2019 levels, while North America and Europe remain 3% and 4% lower, according to Accenture Research.

“Earlier, we were chasing customers. Now, they are equally interested in evaluating Indian machine shops,” Jhunjhunwala said, adding that contracts were being signed more quickly and onboarding processes being done much faster than ever before.

The companies produce parts for landing gear, wings, fuselage, electrical switches and motion control systems essential for flight safety and performance.

Leading Western plane and engine manufacturers, whose output has been constrained by strikes, production caps, and parts and labour shortages since the pandemic, say they want to source more from India to meet rising demand for air travel.

"India is the best solution to supply chain challenges,” Huw Morgan, senior vice president for aerospace procurement at Rolls-Royce, said last week at an industry event.

"Our engine volumes are growing at around 20% and the traditional supply chains are just not able to support it," Morgan said. "India is ... the best cost market."

The British company plans to double sourcing from India within five years.

The country is among the biggest aircraft buyers in the world, yet accounts for only 1% of the global supply chain market, according to the recently formed Aerospace India Association.

"Post-Covid, the global aerospace industry has reached an inflection point. While this shift began in 2020, aerospace is a slow-moving industry — it takes time for changes to materialise," said Aravind Melligeri of supplier Aequs.

MORE PLANES, MORE PARTS

India, the world's third-largest domestic aviation market by seats, is also among the fastest-growing, driving demand for maintenance services and parts.

Massive aircraft orders from IndiGo INGL.NS and Air India are fuelling growth across the aviation ecosystem, Air India CEO Campbell Wilson told Reuters.

Although Indian firms have long supplied the $180 billion global aerospace industry, they are now moving beyond basic manufacturing to higher-value work such as design, engineering, and system integration.

Airbus in 2024 awarded its second aircraft door contract within a year to Indian suppliers.

"India is contributing more than 1 billion euros currently in the overall Airbus supply chain and we expect to double that. Every commercial aircraft of Airbus today has some part or component that is made in India," said Michel Narchi, head Of international operations at Airbus said.

INDUSTRY EFFORTS

India’s civil aviation ministry held a meeting last week with industry leaders about boosting component manufacturing, said AIA Director General Srinivasan Dwarakanath. The association represents both Indian and global firms.

He said a key step towards real value addition would be the local sourcing of raw materials such as aluminium, steel, and titanium, eventually leading to certification of designs made by Indian suppliers.

The AIA estimates that India's aerospace industry will capture 10% of the global supply chain market within a decade, with the global market projected to reach $250 billion annually by 2033.

"India also had the initial challenges of being physically farther away from the main markets of the U.S. and Europe. Engineering approvals, qualification timings, raw material sourcing - it took some time to build the ecosystem, but now India is all set," said Hical's Yashas Jaiveer.

(Reporting by Nivedita Bhattacharjee in Bengaluru; additional reporting by Lisa Barrington in Seoul and Joanna Plucinska in London; Editing by Gerry Doyle)

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Feb 6 (Reuters) - Boeing BA.N on Thursday forecast deliveries of 2,835 commercial aircraft to Indian and South Asian airlines over the next 20 years.

The forecast is an increase from Boeing's rolling 20-year outlook of 2,705 jets that it issued last year.

(Reporting by Abhijith Ganapavaram in Bengaluru; Editing by Savio D'Souza)

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Feb 5 (Reuters) - Interglobe Aviation Ltd INGL.NS:

• INTERGLOBE AVIATION LTD - GETS TAX PENALTY OF 1.13 BILLION RUPEES

Source text: ID:nBSEk4NTX

Further company coverage: INGL.NS

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Rewrites throughout with demand outlook, comments from analyst call, background

By Nandan Mandayam

Jan 24 (Reuters) - Indian airline IndiGo INGL.NS on Friday said it expects strong air travel demand in the fourth quarter of the ongoing fiscal year, but forecast a drop in yields on higher capacity.

IndiGo said it sees capacity measured in available seat kilometres (ASK) rising 20% year-on-year in January-March, helped by a constant stream of aircraft deliveries from Airbus AIR.PA in 2024.

The low-cost carrier received 58 aircraft from Airbus last year, according to data from the planemaker.

However, this is likely to pull yields down by a low single-digit percentage, finance chief Gaurav Negi said in a post-earnings call, compared to the previous year when engine-related groundings had constrained capacity and propped up yields.

IndiGo reported a 19% drop in third-quarter profit, hurt by ballooning foreign exchange losses, even as it flew a record 31.1 million passengers.

The airline plans to hedge most of its foreign exchange positions as well as boost international operations with the addition of long-haul routes, Negi said, to counter the negative effect of the rupee's steep decline against the dollar.

Airlines in India often make payments for aircraft rentals, maintenance as well as international operations in dollars.

International operations currently account for about 10% of the airline's revenue, and IndiGo hopes to increase this through foreign-denominated currency, including the dollar, he said.

IndiGo dominates India's domestic aviation market with a market share of around 63% at the end of December and a fleet of about 437 aircraft.

It is also one of India's few profitable airlines, and is Asia's biggest airline by market capitalisation.

IndiGo also reiterated its earlier forecast of 40% of its grounded fleet flying by April as well as fiscal year 2025 ASK growth forecast in the low double-digit percentage range.

($1 = 86.1940 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman and Varun H K)

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Jan 15 (Reuters) - Interglobe Aviation Ltd INGL.NS:

• RECEIVES PENALTY OF 2.5 MILLION RUPEES FROM CUSTOMS

Source text: ID:nBSE7fGSX5

Further company coverage: INGL.NS

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NEW DELHI, Jan 10 (Reuters) - Indian capital Delhi was shrouded in thick fog on Friday, reducing visibility to zero in some areas and disrupting flights at the main airport.

India's weather office issued an orange alert for Delhi on Friday, the second highest warning level, predicting dense to very dense fog in many areas which could affect airports, highways and railway routes in the region.

Airport authorities said on social media site X that airline departures were impacted by dense fog and warned that flights lacking the CAT III navigation system that enables landing despite low visibility could face difficulties.

"Dense fog across the northern belt is impacting flights taking off and landing in Delhi, and some flights may need to be cancelled as the day progresses," India's largest airline IndiGo said in a social media post.

Delhi, which has been battling smog and poor air quality since the beginning of winter, ranked second among the world's most polluted capitals in Friday's live rankings by Swiss group IQAir.

The region's air quality was rated "severe", with an index score of 408 at 0905 am local time, the country's pollution control body said. Levels from zero to 50 are considered "good".

(Reporting by Sudipto Ganguly and Tanvi Mehta; editing by Saad Sayeed)

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Jan 6 (Reuters) - Interglobe Aviation Ltd INGL.NS:

• INTERGLOBE AVIATION LTD - RECEIVES PENALTY OF 21.7 MILLION RUPEES

• INTERGLOBE AVIATION LTD - CUSTOMS DENIES DUTY EXEMPTION ON INDIGO AIRCRAFT PARTS

• INTERGLOBE AVIATION LTD - TO CONTEST CUSTOMS ORDER

Source text: ID:nBSE5wZMYT

Further company coverage: INGL.NS

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NEW DELHI, Jan 3 (Reuters) - Thick smog engulfed the Indian capital on Friday, prompting warnings of possible flight disruptions from airport and airline officials, as worsening air quality cut visibility to zero in some areas.

Delhi, which has been battling smog and poor air quality since the beginning of winter, ranked third among the world's most polluted capitals in Friday's live rankings by Swiss group IQAir.

No diversion or cancellation has been reported yet, an airport spokesperson said, although authorities warned in a post on X that aircraft lacking equipment to enable landings in low visibility could face difficulties.

On social media, India's largest airline IndiGo and low-cost carrier Spicejet also cautioned against weather delays.

Delays averaged eight minutes for 20 flights by 10:14 a.m., aviation website FlightRadar24 said.

Some train services in the capital were also delayed, media said.

New Delhi's air quality was rated "very poor" on Friday, with an index score of 351, the country's top pollution control body said, well beyond the levels from zero to 50 that it considers "good".

(Reporting by Shanima A in Bengaluru; additional reporting by Tanvi Mehta in New Delhi; Editing by Sudipto Ganguly and Clarence Fernandez)

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** Shares of IndiGo airline operator Interglobe Aviation Ltd INGL.NS rise 3.7% to 4,607.40 rupees; set for their best day since Aug. 23

** IndiGo reports domestic market share of 63.6% in November, yet another record high - aviation regulator data

** INGL extends gains from Monday after stock upgraded by Elara Capital

** Avg rating of 20 analysts on INGL at "buy"; median PT is 5,100 rupees - data compiled by LSEG

** YTD, INGL gains 55% vs 4% decline for rival SpiceJet SPJT.BO

(Reporting by Nandan Mandayam in Bengaluru)

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** IndiGo INGL.NS climbs ~2% to 4,471.35 rupees

** Elara Capital triple upgrades to "buy" from "sell"; hikes PT from 3,847 rupees to 5,309 rupees, second-highest Street PT - LSEG

** Says budget carrier's Pratt & Whitney aircraft returning to ops; terminal expansions in Bengaluru, Chennai, Ahmedabad and Kolkata and new airports in Delhi and Mumbai key positives

** Adds delay in ramp-up plans for Boeing 737 Max aircraft, due to strike at Boeing BA.N, will reduce monthly aircraft delivery to Air India and boost INGL's market share

** Stock rated "buy" on avg; median PT is 5,100 rupees - LSEG

** YTD, INGL up 51%; rival SpiceJet SPJT.BO down 4.4%

(Reporting by Kashish Tandon in Bengaluru)

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Dec 19 (Reuters) - Interglobe Aviation Ltd INGL.NS:

• INTERGLOBE AVIATION LTD - BOARD APPROVES LOAN TO WHOLLY OWNED SUBSIDIARY

• INTERGLOBE AVIATION LTD - LOAN OF UP TO $43 MILLION APPROVED

• INDIGO - LOAN TO INDIGO IFSC TO MEET ITS FUNDING REQUIREMENTS FOR ACQUISITION OF AIRCRAFT

Source text: ID:nBSE2flVDh

Further company coverage: INGL.NS

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Dec 13 (Reuters) - Interglobe Aviation Ltd INGL.NS:

• DUE TO TECHNICAL ISSUES, INDIGO FLIGHTS FROM MUMBAI, DELHI TO ISTANBUL EXPERIENCED DELAYS

• ALL THE OPERATIONS ARE NORMALISED NOW

Source text: [ID:]

Further company coverage: INGL.NS

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NEW DELHI, Dec 7 (Reuters) - India's Mahindra and Mahindra MAHM.NS said on Saturday it would rename its latest electric car, a significant move after aviation market leader IndiGo INGL.NS sued the automaker for use of its call sign and widely used brand name "6E".

While trademark infringement cases are common in India, legal disputes between big publicly traded companies have been rare. IndiGo, India's biggest airline, sued Mahindra in the Delhi High Court last week for trademark infringement over the use of "6E" in branding Mahindra's latest electric vehicle as "BE 6e".

Mahindra will rename the car "BE 6" but "the claim by IndiGo is baseless" and it will challenge it during court proceedings, the automaker said in a statement.

"We also find it unseemly that two large, Indian multinationals should engage in a distracting and unnecessary conflict when in fact we should be championing each other’s growth and expansion," Mahindra said.

IndiGo, which has a 60% share of India's domestic aviation sector, has used "6E" across all its branding for years, including its co-branded credit cards and in-flight magazine.

(Reporting by Aditya Kalra; Editing by William Mallard)

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Dec 3 (Reuters) - Interglobe Aviation Ltd INGL.NS:

• INDIGO - ANY UNAUTHORISED USE OF “6E” MARK, CONSTITUTES INFRINGEMENT OF CO'S RIGHTS, REPUTATION, GOODWILL

• INDIGO - COMMITTED TO TAKING ALL NECESSARY AND APPROPRIATE STEPS TO SAFEGUARD CO'S INTELLECTUAL PROPERTY AND BRAND IDENTITY

Further company coverage: INGL.NS

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Adds quotes, details in paragraphs 2-7

NEW DELHI, Nov 28 (Reuters) - Airlines and airports in India received a total of 999 hoax bomb threats from the start of this year until Nov. 14, nearly ten times more than in the whole of 2023, the country's deputy civil aviation minister told parliament on Thursday.

The threats to both domestic and international flights were made mostly through social media, disrupting travel in the world's fastest growing aviation market, and all were found to be false alarms.

"The recent threats were hoaxes and no actual threat was detected at any of the airports/aircraft in India," the minister, Murlidhar Mohol, told parliament in a written answer.

More than 500 bomb threats were made in the last two weeks of October alone - higher than the rest of the year combined - he said, and 12 people have been arrested in relation to the 256 police complaints registered over such threats up to Nov. 14.

(Reporting by Ainnie Arif; Editing by Kirsten Donovan)

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Nov 25 (Reuters) - Japan Airlines Co Ltd 9201.T:

• JAPAN AIRLINES AND INDIGO TO COMMENCE CODESHARE PARTNERSHIP - STATEMENT

Source text: [ID:]

Further company coverage: 9201.T

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Corrects to five-week, from four-week in headline and first bullet, and updates throughput to reflect closing prices

** Shares of India's IndiGo airline operator Interglobe Aviation Ltd INGL.NS climb 6.5% this week, ends five-week losing run

** INGL closed up 1.8% at 4,142.65 rupees; up in all previous sessions this week

** Stock logs biggest weekly rise in 3 months

** Goldman Sachs said on Monday it expects IndiGo's per passenger revenue in Q3 to be better than co's forecast of a decline, citing 11% domestic air traffic growth so far in November and a higher load factor y/y

** Analysts tracking INGL rate it "buy" on avg - LSEG data

** Stock up ~40% YTD, but down 18% from the record high it hit in mid-September

(Reporting by Nandan Mandayam in Bengaluru)

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** IndiGo airlines operator Interglobe Aviation INGL.NS rises 2.8% to 4,088.5 rupees

** Goldman Sachs maintains "buy", hikes PT to 4,800 rupees

** INGL posts growth in domestic air traffic; Nov. traffic grows 11% y/y, Goldman Sachs says

** Adds co's passenger load factor for the month touches ~90% vs year-ago 85.6%

** INGL's low-price model will drive improvement in profitability - Goldman Sachs

** Stock rated "buy" on avg; median PT is 5,050 rupees - LSEG

** INGL up ~38% YTD vs ~6% fall in rival Spicejet SPJT.BO

(Reporting by Ashna Teresa Britto in Bengaluru)

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Adds background in paragraphs 3, 5-9

Nov 4 (Reuters) - Southwest Airlines LUV.N on Monday named aviation industry veteran Rakesh Gangwal as the independent chair to its board, days after the budget carrier settled its feud with activist investor Elliott.

The airline brought in the co-founder of India's largest carrier Indigo INGL.NS to its board in July despite criticism from Elliott Investment Management at the time.

Gangwal, an American, has spent several years in senior roles at United Airlines UAL.O and U.S. Airways. He resigned from the board of Indigo's parent InterGlobe Aviation in 2022.

Gangwal bought Southwest shares worth more than $100 million last month before the airline settled its boardroom feud with Elliott in a deal that allowed CEO Bob Jordan to retain his job by making bigger board-level concessions.

Elliott had been pushing for months to refresh the board and remove Kelly and Jordan, blaming them for the airline's poor performance.

As part of the deal, the Dallas-based airline was set to add five Elliott nominees to its board, making it the most seats the hedge fund has ever got in a settlement with a U.S. company.

The agreement with Elliott also speeded up the retirement of Executive Chairman Gary Kelly, which went into effect on Nov. 1.

The budget carrier also appointed chairs to its board committees on Friday, including the appointment of Elliott nominee Gregg Saretsky as the chair of its finance committee.

(Reporting by Shivansh Tiwary in Bengaluru; Editing by Arun Koyyur)

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Corrects media packaging code to "INDIGO-STOCKS/" from "ICICI BANK-STOCKS"

Oct 28 (Reuters) - Indian airline IndiGo's INGL.NS shares fell 8% on Monday, set for their worst session since March 2022, after the carrier said it expects per-passenger revenue to drop following its first quarterly loss in two years.

IndiGo's shares fell as much as 13.4% to 3,780 rupees earlier in the day.

The airline reported its first quarterly loss in almost two years as higher fuel and aircraft grounding-related expenses weighed.

"Basis the trends of October, we are estimating early- to mid-single-digit moderation in passenger unit revenues for the third quarter as compared to the same period last year," IndiGo's chief financial officer Gaurav Negi said on an earnings call Friday.

Investec said it expects a trend of declining earnings at the airline to "persist" as fares inch lower, while costs remain high. The sentiment was shared by analysts at Elara Capital too.

Both brokerages rate the stock "sell".

IndiGo's shares are down 25% from the record high they hit in mid-September, with analysts pointing to falling fares and slowing growth.

Up to the September peak, IndiGo's shares had more than doubled, tracking seven straight quarters of reporting a profit and as the low-cost carrier benefited from pent-up demand for air travel and a lack of competition.

The stock is down for a sixth consecutive session, falling about 19%, trimming IndiGo's year-to-date gains to 35%.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman)

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Oct 25 (Reuters) - InterGlobe Aviation Ltd INGL.NS:

• Q3 CAPACITY IN TERMS OF ASKS EXPECTED TO INCREASE BY EARLY DOUBLE DIGITS

Source text for Eikon: [ID:]

Further company coverage: INGL.NS

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By Tanvi Mehta

NEW DELHI, Oct 17 (Reuters) - Police in India's financial capital Mumbai have arrested a minor for allegedly posting online bomb threats to three flights earlier this week, India's aviation minister said.

Indian airlines have this month received a spate of threats to domestic and international flights on their social media, all of which have been false alarms.

"Strongly condemn the recent bomb threats to Indian air carriers. We are closely monitoring the situation and ensuring that every necessary measure is taken against such actions," Ram Mohan Naidu Kinjarapu, the country's civil aviation minister, said in a post on X on Wednesday.

He said the person arrested was a minor, meaning below the age of 18, and did not name him.

Local media have reported that bomb threats were made from an account on X and alleged two IndiGo flights - one to Muscat and another to Jeddah, and an Air India one to New York had armed militants with explosives.

At least eight flights of leading carrier IndiGo INGL.NS were subject to threats. Three Spicejet SPJT.BO ones, two Vistara and four Air India ones also received similar messages online this week, according to Reuters calculations.

Air India said its flight from New Delhi to Chicago was forced to land in Canada on Wednesday after a "security threat posted online". Passengers were later taken to their destination by a Canadian Air Force plane.

"Air India notes that it, and other local airlines, have been subject to a number of threats in recent days," the carrier said.

The government plans to enhance security on international flights by deploying more sky marshals, who are armed personnel in plain clothes, according to India's Economic Times newspaper.

India's interior and aviation ministries did not immediately respond to a request for comment from Reuters.

IndiGo, Spicejet and Vistara said in their statements they are working with authorities to follow standard procedures.

(Reporting by Tanvi Mehta; editing by Barbara Lewis)

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Oct 8 (Reuters) - Interglobe Aviation Ltd INGL.NS:

• BUREAU OF IMMIGRATION IMPOSED PENALTY OF 200,000 RUPEES

Source text for Eikon: ID:nBSE1ybrvv

Further company coverage: INGL.NS

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