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Indigo first quarter FY2018-19 results analysis. Industry losses ahead?

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

India’s largest domestic carrier, Indigo, has sent tremors in the aviation community with its first quarter results for the fiscal year 2018-2019 which ends Match 31, 2019. An airline, normally delivering nine and 10 figure profits (in the hundreds of crores or billions), reported a minuscule ₹27 crores (₹270 million) as its profit after tax; and this, for a traditionally …

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IndiGo to connect Surat with five Indian cities in massive introduction

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

India’s largest domestic airline, IndiGo, is making a massive entrance in to the Gujarati city of Surat connecting it to five major Indian cities. From August 16th onwards, the airline will begin flights between Surat and Bangalore, Hyderabad, Jaipur, Mumbai, and New Delhi. At the same time, the airline is launching flight on three new routes; Jaipur Varanasi, Jaipur Guwahati, …

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IndiGo re-imposes fuel surcharge on domestic flights

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

Marking an increase in airfares thanks to rising global oil prices, India’s largest domestic airline IndiGo has re-imposed a fuel surcharge on all domestic flights from today. The Indian Rupee has also been under pressure and has been steadily declining against the Dollar. With the airline claiming a 25% increase in Aviation Turbine Fuel (ATF) prices, IndiGo will impose a …

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IndiGo to begin flights to Hubli

IndiGo Airlines ATR 72-600 VT-IYA.

Low cost carrier IndiGo will being operating flights to Hubli. Hubli will be the 52nd destination for the airline. The airline will operate flights to Hubli from Chennai, Bengaluru and Ahmedabad with it’s A320’s and from Goa and Kochi with it’s ATR 72’s. (Read our review of Indigo’s ATR). Sanjay Kumar, Chief Commercial Officer, IndiGo “We are pleased to add …

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Analysis: Indigo’s fourth quarter FY18 results

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

Indigo’s fourth quarter results were far below expectations, reflecting the intensely competitive market and irrational market and also Indigo’s challenges as it continues its growth path. The results were announced along with the full year results, however we present an analysis only of the fourth quarter as it is reflective of certain trends in the market (a full year analysis …

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Aditya Ghosh resigns from Indigo

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

Low cost carrier Indigo has announced that Aditya Ghosh is resigning from his post as president and director of the company. Rahul Bhatia has been appointed as the company’s CEO. Indigo has also appointed Gregory Taylor as a senior advisor to the company and will be considered by Interglobe Aviation’s board as the company’s next President and CEO. Gregory Taylor …

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Analysis: Why is Indigo choosing the A330neo?

Airbus A330-900neo MSN 1813 on its first flight. Airbus image.

News reports indicate India’s largest domestic airline, Indigo, is in talks with European airframer Airbus, to procure upto 50 A330neo (new engine option) long-haul wide-body aircraft. These aircraft is for Indigo’s much awaited foray into international flying where they are hoping to introduce the low-cost long-haul model. This represents another step in the airline’s strategy towards expanding the airline and …

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Indigo introduces seven new ATR flights

IndiGo Airlines ATR 72-600 VT-IYA.

Low cost carrier Indigo is launching seven new flights with it’s ATR 72 fleet. The airline will begin operates flights to Mangalore and Nagpur from Hyderabad and to Mangalore from Chennai. Read our review of Indigo’s ATR 72-600. Wolfgang Prock-Schauer, spokesperson, Indigo “At IndiGo, we are continuously striving to expand deeper into the heartland with our new ATR fleet operations. …

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Analysis: Indigo third quarter FY2018 results. A leader in every way.

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

India’s largest domestic carrier, IndiGo, reported its third quarter results of the fiscal year 2017-2018 (Q3FY18) last week. The third quarter is the strongest of the fiscal year, and it was a yet another strong result coming on the back of a previously strong quarter. IndiGo Q3FY18 results snapshot with percentage comparisons to Q3FY17 • Revenues ₹6,449 crores (₹64.49 billion) …

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IndiGo follows Go Air. To increase its A320neo seating to 186.

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

India’s largest domestic carrier IndiGo, is following the lead of fellow A320neo (new engine option) operator Go Air and will add another six seats to its new A320neo aircraft to increase capacity to 186 seats. IndiGo, the world’s largest A320neo operator has chosen to implement the Airbus Space-Flex cabin made by Zodiac Aerospace. The Space-Flex module was developed in order …

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Indigo takes delivery of it’s first ATR

Indigo ATR 72-600 VT-IYA. Indigo Image.

Low cost carrier Indigo has taken delivery of the first of it’s 50 ATR 72 order. This aircraft is the first non – A320 aircraft to be operated by the carrier since it’s inception in 2006. The aircraft is an ATR 72-600 with the registration VT-IYA. Indigo plans to use these ATR aircraft to operate to small airports under the …

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IndiGo explains the Katyal manhandling incident, admits fault.

IndiGo A320 at Bengaluru airport

Low cost carrier IndiGo has written a detailed clarification to the Civil Aviation ministry explaining the manhandling incident of Mr. Katyal at New Delhi airport. The letter written by Mr. Aditya Ghosh, IndiGo’s President and Wholetime Director is addressed to Mr. P. Ashok Gajapathi Raju, the Union Minister for Civil Aviation, Government of India. The airline acknowledges its fault and …

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Analysis: Indigo second quarter FY2018 results: soaring high

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

India’s largest domestic carrier, IndiGo, reported its second quarter results of the fiscal year 2017-2018 (Q2FY18) yesterday. It was a result that surpassed expectations. IndiGo Q2FY18 results snapshot (in ₹) comparisons to Q2FY17 Revenues ₹5,506 crores (up 13%) Costs ₹4,741 crores (up 14.2%) EBITDAR ₹1,581 crores (up 61.8%) Profit before tax (PBT) ₹7,645 (up 333%) Profit after tax (PAT) ₹551 crores …

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IndiGo announces first regional ATR schedules

Indigo will commence regional flights using the ATR72-600 turbo-prop aircraft from December 21, 2017. Bookings start in another ten minutes at 12:01am October 16th. As expected IndiGo will begin with flights on its existing network. Between Hyderabad, Chennai, Bengaluru, Mangalore, Madurai and Nagpur. It will add two new Tier-II cities, Tirupati and Rajahmundry, in to its network. The ATR operations …

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Analysis: IndiGo first quarter FY2018 results and fleet, plans, and strategy

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

India’s largest domestic carrier, IndiGo, reported its first quarter results of the fiscal year 2017-2018 (Q1FY18) yesterday. It was a strong result but perhaps what was different this time, were details on its fleet, international expansion plans and strategic direction, the airline shared. Bangalore Aviation is the first to report on and analyse these comprehensive issues. IndiGo Q1FY18 results snapshot …

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Analysis: Why did IndiGo decide to introduce ATR72’s in to its fleet?

IndiGo_A320 classic VT-INT. Photo: Devesh Agarwal.

Earlier this month, on the 9th of May, India’s largest domestic airline Indigo, announced that they had signed a term-sheet with French turbo-prop airframer ATR, for the induction of 50 ATR72-600 regional aircraft. The announcement caught the aviation and investment community completely by surprise. Since its inception 12 years ago in 2005, IndiGo had slavishly adhered to the “one airframe …

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