IndiGo becomes world’s 3rd largest airline in terms of market capitalisation
In June 2023, IndiGo inked a massive deal for 500 aircraft with Airbus during the Paris Air Show.
In June 2023, IndiGo inked a massive deal for 500 aircraft with Airbus during the Paris Air Show.
Coming as a positive development for India’s biggest airlines IndiGo, one of its co-founder raised about USD 820 million from selling part of its holding.
For the quarter ended December 31, 2023, compared to the same period the previous fiscal, IndiGo reported substantial advancements.
The notices were issued by the aviation security watchdog after a video of the incident went viral on social media.
Severe weather disrupts flights in Kolkata and Delhi, causing 51 delays. Dense fog persists, with rain forecasted later in the week, compounding travel challenges.
The announcement comes a day after the firm posted its highest ever quarterly net loss at Rs 2,844.3 crore for the first quarter of 2020-21.
Revenue from operations declined 91.9 per cent to Rs 766.7 crore in the quarter under review, compared to the same period a year ago.
Country's largest airline IndiGo had a profit after tax of Rs 595.8 crore in the year-ago period and Rs 496 crore in the December quarter.
The circular had further said that the government will inform the companies on when they can recommence their operations.
The first phase of the lockdown was from March 25 to April 14. The second phase began on April 15 and ends on May 3.