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IndiGo, SpiceJet Surge As Domestic Flights Set To Restart Next Week

Stocks of leading Indian airlines surged on Thursday after the Ministry of Civil Aviation informed that domestic flight operations will recommence from 25 May in a phased manner. Shares of InterGlobe Aviation, the parent of IndiGo airlines jumped 9.9 percent to ...

Indigo Parent Confirms Its Interest In Virgin Australia; Stock Declines 3%

Interglobe Enterprises today said it has signed an agreement for participating in the sale process of Virgin Australia. In a statement the company said, "As regards Virgin Australia, InterGlobe Enterprises has signed an agreement to participate in the sale process and ...

Aviation Stocks Decline On Extended Lockdown, Buffett's Comments

On Monday, shares of InterGlobe Aviation Ltd fell over 7 percent, SpiceJet was down 4.9 percent and Jet Airways fell 4.79 percent. On Saturday, the Directorate General of Civil Aviation (DGCA) said that all commercial passenger flights will remain suspended till ...

Airline Stocks Decline After Govt Measures To Arrest Covid 19 Spread

Shares of airline companies were trading with losses on Tuesday after the government on March 23, 2020 announced suspension of all domestic flights from midnight of March 24 to curb the spread of Covid 19 virus. "The operations of ...

Aviation Stocks Sink 20% After IndiGo Warns That Fall In Bookings Will Hit Profits

On Thursday, shares of Interglobe Aviation, the parent of IndiGo airlines, touched its lowest level since October 2018 after it issued a warning that its "quarterly earnings to be materially impacted" from the dip in bookings, amid coronavirus fears. The stock ...

Stocks To Watch Out For On February 27, 2020

It is been a global rout seen in equities with the concerns over coronavirus infection taking the shape of pandemic and if it does stock markets across the world will see further steep correction. Here are some of the major stocks ...

InterGlobe Aviation Shares Slip On Reports Of Violation Of SEBI Norms

Shares of InterGlobe Aviation, the parent company of IndiGo Airlines, fell over 5 percent to an intraday low of Rs 1,335 on Tuesday after media reports said that SEBI has found undisclosed related-party transactions in its preliminary investigation. According to a ...

IndiGo Reports 168% Increase In Q3 Profit; 19.3% Rise In Seating Capacity

On Monday, InterGlobe Aviation, the parent company of IndiGo Airlines, reported 16.7 percent increase in PAT (profit after tax) to Rs 496 crore for the December-ended quarter from Rs 185.20 crore a year ago. The airlines' revenue from operations for ...

IndiGo Signs Codeshare Agreement With Qatar Airways; Shares Jump

Aiding its international network expansion plans, IndiGo has signed a one-way codeshare agreement with Qatar Airways. In a stock exchange filing on Thursday, the domestic airline said, "With the sale starting from today, the one-way codeshare agreement between the two ...

Indigo S Shares Fall Over 8 After Airline Posts Surprise Q2 Loss

IndiGo’s Shares Fall Over 9% After Airline Posts Surprise Q2 Loss

Shares of InterGlobe Aviation, the parent company of IndiGo Airlines, fell by as much as 9.3 percent on Friday to Rs 1,507.30 as they reacted to the budget carrier posting its biggest-ever quarterly loss. On Thursday, the budget airline reported a ...

IndiGo Reports Best Ever Quarterly Earnings Since Listing

InterGlobe Aviation Limited, the company that runs the domestic airline IndiGo, reported its best ever quarterly earnings since listing. On Friday, it posted a net profit of Rs 1,203 crore for the June-ended quarter, which is a massive increase of 43 ...

Indigo Plunges 18% On Promoters’ Conflict Over Corporate Governance Issues

Shares of Interglobe Aviation, the company operating Indigo airline, plunged a massive 18% in the morning trade to hit a low of Rs. 1,291 per share on the BSE on Wednesday after the company's promoters Rakesh Gangwal and Rahul Bhatia made ...