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 …

Read More »

Indigo Q4FY20 results: Is India likely to see an airline failure? Indigo’s results point that way

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

India’s largest airline reported its results yesterday. What was surprising was the quantum of the loss at 870.8 crores. Indigo attributes this to the impact of COVID-19, coupled with the weakness of the rupee, which has resulted in a spike in costs. Indeed, it is very telling that for an airline that is so focused and disciplined, there has been …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

IndiGo to begin flights to Vietnam

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

India’s largest carrier, Indigo will begin flights to Hanoi, Vietnam from Kolkata on 3 October 2019. Hanoi will be the carrier’s 19th international (5th Southeast Asian) destination. William Boulter, Chief Commercial Officer, IndiGo “It is truly a very special moment for all of us at IndiGo as it is the first route connecting Kolkata to Hanoi. This milestone reflects our …

Read More »

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 …

Read More »

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, …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

Indigo to begin Bangalore – Hong Kong flights

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

Low cost carrier IndiGo has announced that it will begin flights from Bangalore to Hong Kong from 11 December 2018. Hong Kong will be the 15th international destination for the carrier. Time table for Indigo’s Bangalore – Hong Kong flights Flight No. Origin Destination Departure Arrival Effective Date Frequency 6E 1771 Bengaluru Hong Kong 04:45 12:45 11-Dec-18 Tuesdays 6E 1772 …

Read More »

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 …

Read More »