Why is IndiGo in loss?
The country’s largest domestic carrier IndiGo reported its highest-ever quarterly loss of Rs 3,180.2 crore in the April-to-June period. The airline reported losses on the back of demand slump owing to the second wave of Covid-19.
Is IndiGo a good investment?
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Is IndiGo going in loss?
InterGlobe Aviation Ltd, the parent of India’s top domestic airline IndiGo, posted its biggest quarterly loss, hit by the devastating second wave of the pandemic and continued restrictions on air travel.
Why is IndiGo so successful?
According to Kapil Kaul, regional head, Centre for Asia-Pacific Aviation (CAPA), IndiGo’s success is a result of its sharp focus- “on-time performance, clean, neat aircraft, and good service”.
Who is IndiGo owner?
|IATA ICAO Callsign 6E IGO IFLY|
|Parent company||InterGlobe Aviation Ltd|
|Traded as||BSE: 539448 NSE: INDIGO|
|Headquarters||Gurgaon, Haryana, India|
|Key people||Rakesh Gangwal (co-founder) Rahul Bhatia (co-founder) M. Damodaran (Chairman) Rono Dutta (CEO) Wolfgang Prock-Schauer (COO)|
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Which Indian airline is profitable?
IndiGo was the only scheduled domestic passenger carrier to have made profits in FY 2019-20 — Rs 1,626.06 crore — preceded by a loss of Rs 490.43 crore in FY 2018-19. Vistara had losses worth Rs 1,563.28 crore in FY 2019-20 and Rs 900.47 crore in FY 2018-19.
Which Indian airline is in loss?
Full-service carrier Air India and no-frills player IndiGo combined will represent around $4.5 billion of the combined around $8 billion of losses, according to CAPA.