Interglobe Aviation Ltd (INDIGO)

IndiGo Orders 30 Aircraft, Stock Hits All-Time High - 02 May, 2024

InterGlobe Aviation's subsidiary IndiGo Airlines placed an order for 30 Airbus A350-900 aircrafts, leading to a surge in the company's stock. Brokerages have raised their target prices on the stock, with HSBC raising it to Rs 4,445 and Emkay Global upgrading its rating from add to buy and increasing the target price by 34% to Rs 4,700.

IndiGo Sets Up Desk for Passengers with Special Needs at Delhi Airport - 01 May, 2024

Interglobe Aviation's IndiGo has established a desk to facilitate check-in for passengers with special needs at Terminal 1 of the Delhi airport. The airline also offers pre-board courtesy and provisions for customers with sensory impairments, mobility assistance, spinal support equipment, and adverse medical conditions.

IndiGo Orders Wide-Body Aircrafts, Plans Multiple Hubs - 30 Apr, 2024

Interglobe Aviation's subsidiary, IndiGo, orders 30 Airbus A350-900 aircrafts and plans to develop multiple hubs in India with direct connectivity to faraway destinations. Investor bullish on airline industry and holding shares.

Morgan Stanley Raises Target Price for Interglobe Aviation - 29 Apr, 2024

Morgan Stanley has maintained an overweight rating on Interglobe Aviation and raised the target price to Rs 4615 from Rs 4145 earlier. The investment bank believes that Indigo has a large and sustainable moat, with India outbound travel being the next big theme. It expects the domestic plus international market to expand from 221mn airline passengers in FY24 to 370mn in FY30.

IndiGo Places Order for Wide-Body Aircraft; Experts Suggest Competitive Edge for Indian Airlines - 26 Apr, 2024

InterGlobe Aviation Ltd., the parent company of IndiGo Airlines, has placed an order for 30 Airbus A350-900 aircraft with purchase rights for another 70. The move is expected to give Indian airlines a competitive edge against foreign carriers. Shares of the company surged by up to 4%.

IndiGo Places Order for 30 Airbus Planes; InterGlobe Unveils AI Venture - 25 Apr, 2024

InterGlobe Aviation's subsidiary IndiGo has placed an order for 30 Airbus A350-900 widebody aircraft worth over $9 billion, with delivery expected from 2027. The low-cost carrier also has purchase rights for an additional 70 Airbus A350 family aircraft. Additionally, InterGlobe unveiled AIonOS, a pioneering AI business venture poised to revolutionize businesses into AI-native entities.

InterGlobe Enterprises Launches AI Business Venture - 24 Apr, 2024

InterGlobe Enterprises has partnered with technology veteran C P Gurnani's Assago to launch AIonONS, an artificial intelligence business venture that will provide software as a service (SaaS) solutions to enterprises for automating their decision-making processes using AI.

InterGlobe Aviation Faces Bearish Signal Amid Launch of New Venture and In-Flight Entertainment Trial - 23 Apr, 2024

InterGlobe Aviation's shares face a bearish signal while the company's promoter Rahul Bhatia launches an AI venture with former Tech Mahindra CEO CP Gurnani. Meanwhile, IndiGo plans to introduce in-flight entertainment options on a trial basis starting May 1.

IndiGo Faces Questions Over Future Plans and Pricing Power Issues - 22 Apr, 2024

IndiGo faces uncertainty over its future plans and pricing power issues despite its high focus on efficiencies. Capital Mind advises caution in playing the stock as a momentum stock.

InterGlobe Enterprises in Talks to Launch All-Electric Air Taxi Service - 20 Apr, 2024

InterGlobe Enterprises, the parent company of IndiGo, is discussing plans with Archer Aviation to launch an all-electric air taxi service that will reduce travel time from New Delhi's Connaught Place to Haryana's Gurugram by 92%.

InterGlobe Plans Electric Air Taxi Service in India - 19 Apr, 2024

InterGlobe Enterprises, parent company of IndiGo, will partner with Archer Aviation to launch an all-electric air taxi service in Delhi, Mumbai, and Bengaluru by 2026.

IndiGo Cancels Flights Due to Heavy Rains; Bird Strike Incidents on the Rise - 18 Apr, 2024

Interglobe Aviation's IndiGo cancels flights to Dubai due to heavy rains and flooding at the airport. Bird strike incidents in India are increasing, with 1,371 reported in 2023, including one involving an IndiGo flight in Mangaluru.

IndiGo Grounds Aircraft Due to Engine Issues; Prabhudas Lilladher Expects Rise in Net Profit for InterGlobe Aviation - 17 Apr, 2024

IndiGo's grounding of over 70 aircraft due to P&W engine issues is expected to result in high operating expenses and impact the airline's cost structure. Meanwhile, Prabhudas Lilladher predicts a rise in net profit for InterGlobe Aviation by 57% YoY.

IndiGo Market Share Increases; Avoids Iranian Airspace - 16 Apr, 2024

Interglobe Aviation Ltd's subsidiary IndiGo saw an increase in its market share to 60.5% in March 2024. The airline is also avoiding Iranian airspace amid rising tensions between Iran and Israel.

IndiGo May Raise Airfares Amid Rising Oil Prices - 15 Apr, 2024

Interglobe Aviation Ltd, which operates India's largest airline IndiGo, may raise airfares to offset the impact of rising crude oil prices, according to analysts. However, they do not anticipate a significant negative impact on margins. IndiGo founder Rahul Bhatia's net worth is $7.54 billion.

Interglobe Aviation Reports Strong Q3FY24 Results and Increased FII/FPI Holding - 14 Apr, 2024

Interglobe Aviation Limited's revenue from operations grew by 30.26% in Q3FY24, accompanied by profits of Rs. 2,998 Crores. Additionally, FII/FPI increased their holding in the company from 18.70% to 23.66%.

Mixed Bag for IndiGo as Record Profit Expected Amidst Downgrades and Engine Issues - 12 Apr, 2024

IndiGo is expected to report a record profit in FY24 amidst consistent growth in domestic air traffic. However, Axis Capital has downgraded the stock to Add from Buy while Investec has downgraded it from Buy to Hold despite raising its target price. Additionally, IndiGo has grounded over 70 aircraft due to engine issues, impacting credit metrics and liquidity profiles of some airlines.

InterGlobe Aviation Shares Hit Record High - 10 Apr, 2024

InterGlobe Aviation's shares hit a record high, while Elara Capital expects IndiGo and SpiceJet to report combined adjusted PAT of ₹23.4 billion in Q4FY24. IndiGo announces new flight services.

InterGlobe Aviation Shares Trade Up - 09 Apr, 2024

Shares of InterGlobe Aviation Ltd. traded 0.41% up at Rs 3614.3, with a bullish bias on the counter as per MACD signal. The company reported consolidated sales of Rs 20062.25 crore for Q3 FY24, up 29.41% from the previous quarter and net profit of Rs 2998.12 crore.

Virgin Atlantic & IndiGo Announce Codeshare Partnership - 03 Apr, 2024

Interglobe Aviation's subsidiary, IndiGo, has signed a codeshare partnership with Malaysia Airlines and plans to expand its existing partnership with Virgin Atlantic. The strategic partnership with Virgin Atlantic has connected over 80,000 customers since its launch in September 2022, while the pact with Malaysia Airlines will strengthen connectivity between India and Southeast Asia.