Tag Archives: IndiGo

Indigo’s Q1FY21 results analysis: Highlighting the depth of the challenges

India’s largest airline reported its first-quarter results yesterday. If Q4FY20 losses of 870 crores were of concern, Q1FY21 has only made this much worse. The loss at 2,844 crores was three times the loss of the previous quarter. This was in the most part not surprising given that much of the quarter had aircraft sitting on the ground due to …

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Indian airlines operated over 1400 cargo flights during the lockdown

While passenger air traffic has come to a standstill since the beginning of the lockdown. Cargo movement has become essential for transporting essential and other goods into and across the country. While India has only one domestic cargo-only airline BlueDart (SpiceJet also operates three Boeing 737 freighters under the name SpiceXpress), every passenger flight carries an average of around a …

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Indigo Q3FY20 results analysis

IndiGo first A320neo VT-ITC touches down at New Delhi's IGI airport after a non-stop flight from Toulouse, France

Monday, January 27th was quite a newsday for Indian aviation. In what is becoming a tale of two airlines, while the national carrier came out with its Preliminary Information Memorandum looking for someone to take over 23,286 crores of debt and 8556 crores of losses (for FY19) the other airline Indigo reported profits of 496 crores with another 20,000 crores …

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Indigo becomes India’s first airline to reach 1500 daily departures

IndiGo ATR72-600 VT-IYA. Photo by Vedant Agarwal. Copyright. Do not re-use.

Low-cost carrier Indigo has become the first airline in India to operate 1500 daily departures. The airline operates these flights to 83 destinations and with over 250,000 passengers daily. Ronojoy Dutta, CEO, IndiGo “We are very pleased to be the first Indian airline to touch 1500 daily departures, with one flight taking off every minute. The simple philosophy of offering …

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Low Cost Long Haul: Can Indigo succeed where so many have failed?

IndiGo Airbus A320-232(SL) VT-IFK with Sharklets.

India largest and most profitable airline, IndiGo’s CEO Ronojoy Dutta has gone on record recently about the low-cost airline “actively studying” long haul flights to London on widebody aircraft. This statement coming from an airline which for the longest time stuck to a single fleet strategy, until it added ATR aircraft for regional flights, has left some perplexed. Dutta also …

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Analysis: What to expect when Indigo meets Qatar Airways

Indigo Airbus A320neo VT-ITC. Copyrighted image. Re-use prohibited.

IndiGo, India’s largest and most successful airline and the blockaded Gulf carrier, Qatar Airways will make a strategic business announcement today in New Delhi. There has been a fair amount of speculation around the two airlines and an alleged ‘deal’ for a while. Al-Baker, CEO of Qatar Airways has on more than one occasion shown intertest in IndiGo. So much …

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IndiGo’s soaring GTF engine problems

Indigo Airbus A320neo VT-ITC. Pratt & Whitney PurePower PW1127 Geared Turbo Fan engine. Copyrighted image. Re-use prohibited.

India’s aviation regulator, the Directorate General of Civil Aviation (DGCA) has directed both Indigo and GoAir to replace at least one of the Pratt & Whitney PW1100G geared turbo-fan (GTF) engines on the A320neo aircraft within the next fifteen days. This comes after Indigo reported a series of incidents involving in-flight engine shutdowns (occurred on the 24th, 25th and 26th …

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IndiGo places order for 300 aircraft, including the A321XLR

Low-cost carrier IndiGo has placed a firm order for 300 A320neo family aircraft. The order comprises of the A320neo and A321neo both of which the carrier already operates and the new long-range A321XLR. The order is worth around $33 billion at current list prices and will bring Indigo’s total number of A320neo orders to 730. Interestingly, the announcement comes days …

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Indigo Q2FY20 results: clear air turbulence or something more?

Indigo Airbus A320neo VT-ITK. Image copyright Vedant Agarwal.

Indigo reported its Q2FY20 results on Friday. With a loss of 1,062 crores, the results caught many by surprise. It is too early to tell whether the results reflect challenges with the strategic direction the airline is taking (compare this to the profit of INR 1203 crore in Q1FY20) or if this was a one-off driven largely driven by operational …

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Airlines hogging bilateral rights as a means to delay competition

IndiGo first A320neo VT-ITC receives the traditional water cannon welcome from the IGI airport ARFF team

Indian airlines are in a rush to start international services – or so we are made to believe. BangaloreAviation recently reviewed the bilateral rights applied for against what airlines have started. Route choices clearly emerged although experts indicate that there’s a fair amount of posturing involved. That is, airlines will often ask for routes they know they will not fly …

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Indigo Q1FY20 results: the greatest quarter in Indian aviation?

IndiGo ATR72-600 VT-IYA. Photo by Vedant Agarwal. Copyright. Do not re-use.

Indigo reported its Q1FY20 results on Friday. With a profit of INR 1203 crore it is the highest net profit for any airline in Indian aviation. The airline looked good on all metrics ranging from financial to strategic and operational. Interestingly, while this quarter was indeed driven by the collapse of Jet Airways, Indigo’s contention is that this did not …

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Analysis: The battle for control at Indigo

Indigo Airbus A320neo VT-ITK. Image copyright Vedant Agarwal.

Indigo seems to have encountered severe turbulence as the fight between the co-founders has now become very public. There have been accusations, counters and name-calling. The issues highlighted range from related party transactions (RPTs) to those of governance. And for an airline that now flies one in every two passengers in the Indian skies, is on a solid financial footing, …

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Indigo hikes cancellation and change fees across the board

Indigo Airbus A320neo VT-ITK. Image copyright Vedant Agarwal.

In a surprise move, Indigo announced an increase in cancellation and change fees. These will be effective as of June 27th. The airline added that for domestic bookings, customers can make any changes or cancellations free of charge within 24 hours of booking, if booked at least 7 days before the travel dates. This is largely to comply with the …

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Indigo fourth quarter FY2018-19 results analysis: Massive increase in Q4 profits, but a sharp annual decline

Indigo Airbus A320neo VT-ITK. Image copyright Vedant Agarwal.

Indigo Airlines reported its fourth-quarter results this Monday. As their CEO expounded – this year consisted of two halves. The 4th quarter was critical for Indigo as it pushed the airline to an overall profit. That said, the results continue to highlight the core challenges in the Indian market. Key numbers for Indigo’s fourth-quarter results: Revenue from Operations: 7883 crores …

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Indigo begins domestic flights from Mumbai T2, adds three international flights

Indigo Airbus A320neo VT-ITK. Image copyright Vedant Agarwal.

Low-cost carrier Indigo has announced that it will begin 20 new domestic flights from Mumbai and three international flights. The airline is adding international flights to Damman, Jeddah and Abu Dhabi, all of which were previously destinations served by Jet’s 737 fleet. The new domestic flights will be operated by the airline from Mumbai’s Terminal 2. Rival airlines have been …

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An overview of India’s commercial aviation fleet and orders – 2019

View of part of the ramp at Bangalore Airport at night.

Indian aviation is on a growth track with the commercial aviation fleet set to double in the next five to eight years. This is reflected in the statistic that for each aircraft flying there are approximately 1.7 aircraft on order. India is poised to become the 3rd largest aviation market by 2030. Highlights of the fleet are presented below. 638 …

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Indigo to open Bangalore Airport’s first MRO facility

InterGlobe Aviation (Indigo) has signed an agreement with Bangalore airport to build a Maintenance Repair & Overhaul (MRO) facility. The 20-year agreement will see InterGlobe build a 13,000 sqm hangar on five acres of land. The facility will be able to accommodate two narrow-body aircraft and support infrastructure, including an engine QEC shop warehouse and engineering offices. The MRO will …

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Indigo Q3FY19 results analysis: the fare wars have just begun

Indigo Airbus A320neo VT-ITK. Image copyright Vedant Agarwal.

Indigo Airlines reported its third-quarter results this Wednesday. While the results showed an improving trend compared to the last two quarters with a profit figure of 190 crores, overall the results highlight the core challenges in the Indian market. Key numbers fr Indigo’s third-quarter results: Revenue from Operations: 7916 crores Operating cost: 8038 crores EBITDAR: 1681 crores Net profit: 190 …

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Why is IndiGo risking a firestorm over web check-in charges?

Indigo Airbus A320neo VT-ITC. Cabin. Copyrighted image. Re-use prohibited.

India’s largest domestic carrier IndiGo, found itself at the centre of a public relations firestorm when it announced a policy change and decided to universally charge for seat allocation during web-check-in. In a rather casual manner the airline clarified that those who did not wish to pay the charge could come to the airport and have a seat auto-assigned. Opposing …

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