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IndiGo grabs record 67.4% share as India's air traffic falls 4.8%
India's domestic air passenger traffic declined 4.8% in July, while IndiGo's market share soared to a record 67.4%, consolidating its dominance amid the overall slowdown. The drop reflects broader demand weakness, but IndiGo's growth suggests a shift in competitive dynamics.
IndiGo Q1 loss prompts share dip
Listen to this article in summarized format The shares of the company tumbled to Rs 4,886 apiece on NSE on Friday morning, after the airline released its Q1 results on Thursday. Revenue from operations rose 20% year-on-year (YoY) to Rs 24,584 crore in Q1 FY27 from Rs 20,496 crore in the corresponding quarter of the previous financial year. However, operating costs outpaced revenue growth, with total expenses surging 34% YoY to Rs 25,853 crore.
IndiGo reservation system glitch disrupts bookings, check-in
IndiGo said on Wednesday (18 August) that it was facing intermittent problems with its core reservation system, leaving some passengers unable to book flights or complete online check-in. The airline, which accounts for more than 65% of India’s domestic aviation market, said its teams were working with a technology partner to resolve the disruption. IndiGo did not identify the partner or disclose what had caused the technical issue.
IndiGo CFO appointment challenges customs duty
2 Min Read InterGlobe Aviation, the parent of IndiGo, has appointed Kiran Thadimarri as its Chief Financial Officer (CFO), effective July 28, as part of a senior management reshuffle approved by its board. The board has also approved the re-designation of Gaurav Negi, the current Chief Financial Officer, as Advisor to the Managing Director. The transition will take effect after the close of business on July 27.
IndiGo faces profit challenges in Q3
Despite potential improvements in FY28, IndiGo's September quarter is facing difficulties amid rising fuel costs. Most analysts still recommend a 'buy', but one brokerage firm downgraded the stock to 'sell'.
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