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 …Read More »
Daily Archives: October 29, 2019
Indigo Q2FY20 results: clear air turbulence or something more?
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 …Read More »