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InterGlobe Aviation Ltd (INGL.NS)

INGL.NS on National Stock Exchange of India

1,049.95INR
17 Aug 2018
Change (% chg)

Rs-0.10 (-0.01%)
Prev Close
Rs1,050.05
Open
Rs1,057.40
Day's High
Rs1,057.40
Day's Low
Rs1,047.00
Volume
512,224
Avg. Vol
1,361,483
52-wk High
Rs1,520.00
52-wk Low
Rs890.55

Latest Key Developments (Source: Significant Developments)

Interglobe Aviation Says Varanasi Staff Raises Issue Of Ground Handling Agency GV India Services
Thursday, 5 Apr 2018 05:36am EDT 

April 5 (Reuters) - InterGlobe Aviation Ltd ::CLARIFIES ON NEWS ITEM THAT INDIGO STAFF TO GO ON STRIKE AT VARANASI AIRPORT.INCIDENT REFERRED IN NEWS ITEM IS AN ISSUE RAISED BY STAFF OF OUR GROUND HANDLING AGENCY GV INDIA SERVICES AT VARANASI AIRPORT.SAYS CO'S OPERATIONS AT VARANASI AIRPORT WILL REMAIN NORMAL, FLIGHTS WILL CONTINUE TO OPERATE AS PER SCHEDULE.SAYS CO WORKING WITH GV INDIA SERVICES TO LOOK FOR SOLUTION.  Full Article

India's Interglobe Aviation To Ground 9 A320neo Aircraft On DGCA's Directive
Tuesday, 13 Mar 2018 05:11am EDT 

March 13 (Reuters) - Interglobe Aviation Ltd ::CLARIFIES ON NEWS ITEM THAT SAID DGCA ASKS CO TO GROUND 8 PLANES TILL FURTHER NOTICE ‍​.SAYS UNDER DGCA'S DIRECTIVE, CO WILL HAVE 9 A320NEO AIRCRAFT ON GROUND.SAYS ‍​ IS IN THE PROCESS OF IMPLEMENTING DGCA'S DIRECTIONS.SAYS AFFECTED PASSENGERS GIVEN OPTION OF CHOSSING ANOTHER FLIGHT OR A FULL REFUND.  Full Article

Indigo Plans Order For Up To 50 Airbus A330 Wide-Bodies - Bloomberg
Thursday, 8 Mar 2018 11:45am EST 

March 8 (Reuters) - :INDIGO PLANS ORDER FOR UP TO 50 AIRBUS A330 WIDE-BODIES - BLOOMBERG, CITING PEOPLE FAMILIAR WITH THE MATTER‍​.  Full Article

Interglobe Aviation Says Has Not Violated Any Provision Of The Competition Act‍​
Thursday, 8 Mar 2018 06:19am EST 

March 8 (Reuters) - Interglobe Aviation Ltd ::INTERGLOBE AVIATION CLARIFIES ON NEWS ITEM ON ‍COMPETITION COMMISSION OF INDIA FINING CO FOR UNFAIR BUSINESS PRACTICES​.SAYS CO HAS NOT VIOLATED ANY PROVISION OF THE COMPETITION ACT‍​.  Full Article

India's IndiGo expects to take 12-15 months to resolve Pratt & Whitney engine issues
Tuesday, 31 Oct 2017 08:00am EDT 

Oct 31 (Reuters) - Interglobe Aviation Ltd ::Says has started receiving spare engines from Pratt & Whitney, no planes on ground.Says does not expect to receive same magnitude of credit from manufacturers going forward.Says expect it to take 12-15 months to resolve issues with Pratt & Whitney engines.Says booked a forex loss of 460 million rupees this quarter versus gain of 346 million rupees year ago.Says looking at owning ATR small planes outright, will take first delivery in December.  Full Article

India's InterGlobe Aviation Sept-qtr profit quadruples
Tuesday, 31 Oct 2017 06:21am EDT 

Oct 31 (Reuters) - InterGlobe Aviation Ltd ::Sept quarter profit 5.52 billion rupees versus profit of 1.40 billion rupees last year.Sept quarter revenue from operations 52.91 billion rupees versus 41.67 billion rupees last year.Says total debt as on Sept 30 was 25.37 billion rupees‍​‍​.Says FY 2018 y-o-y capacity increase in asks expected to be 19 percent.Q3‍​ fsical 2018 y-o-y capacity increase in asks expected to be 14 percent.  Full Article

India's Indigo says delay in A320neo supply hurting profitability
Monday, 31 Jul 2017 08:33am EDT 

July 31 (Reuters) - India's Indigo :Exec says continue to have high number of engine removals, sufficient engine replacements not available.Exec says have had to ground as many as 9 a320neos because of engine issues.Exec says delay in a320neo deliveries impacting profitability.Exec says expect to start owning more aircraft, reduce sale and leaseback.Exec says decision to own more aircraft also impacted by new goods and services tax.Exec says will revise fleet guidance downwards for end-fy2018, had earlier planned to have 170 aircraft.Exec says taken steps to cut fuel costs including importing fuel in some cases.Exec says to issue new shares, ofs to cut promoters' stake in the company.  Full Article

India's Interglobe Aviation June-qtr profit up about 37 pct
Monday, 31 Jul 2017 06:23am EDT 

July 31 (Reuters) - Interglobe Aviation Ltd ::June quarter profit 8.11 billion rupees versus profit of 5.92 billion rupees last year.June quarter total income 59.56 billion rupees versus 47.41 billion rupees last year.Total debt was 25.24 billion rupees as on June 30, 2017.Says entire debt for Indigo is aircraft related.Says Q2 and FY 2018 y-o-y capacity increase in ASKs expected to be 15 and 20 percent respectively.Says June quarter load factor 88 percent versus 83.3 percent last year.For FY 2018-2020, capacity expected to grow at compound annual growth rate of about 20 percent.  Full Article

India's Indigo not interested in Air India's assets that need to be monetized later
Thursday, 6 Jul 2017 08:30am EDT 

July 6 (Reuters) - Interglobe Aviation Ltd :India's Indigo Airlines exec - the biggest assets in Air India are its negotiated routes, employees.India's Indigo Airlines exec - will give a close look to "all of Air India's operations".India's Indigo Airlines exec - joint venture with government on Air India is a difficult proposition.India's Indigo Airlines exec - we may need to augment purchase of Air India's international operations with additional working capital.India's Indigo Airlines exec - any transaction on Air India will take at least a year to close.India's Indigo Airlines exec - if structurally it does not create meaningful cost advantage, does not make sense to acquire Air India's global operations.India's Indigo Airlines exec - confident to bring down operation cost of Air India drastically.India's Indigo Airlines exec - would obviously make changes in Air India's employees structure.India's Indigo Airlines exec - not interested in Air India's assets that we have to monetise later.India's Indigo Airlines exec - we may participate in buying domestic operations of Air India if government splits them.  Full Article

Interglobe Aviation says Indigo signs term sheet for 50 ATR 72-600 aircraft
Tuesday, 9 May 2017 06:51am EDT 

May 9 (Reuters) - Interglobe Aviation Ltd :Says Indigo signs term sheet for 50 ATR 72-600 aircraft.Says Indigo plans to launch turboprop operation at end of calendar 2017.Says Indigo expects to induct upto 20 ATR aircrafts by Dec 2018.Says Q1 2018 Y-O-Y capicity increase in ASKs is expected to be 22 percent.Says assuming co reaches final deal with ATR, co expects to have upto 7 ATR 72-600 aircraft by March 2018.  Full Article

UPDATE 2-Fuel costs, plane delivery delays hit InterGlobe profit

* Deliveries of Airbus A320neo have resumed (Adds comments from IndiGo executives)