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The Latest Breaking News from Interglobe Aviation

Picture perfect quarter? Nifty profit growth hits a 10-quarter high, but 5 stocks do the heavy lifting

Nifty firms have recorded their most impressive profit growth in a decade, boasting significant contributions from five leading companies, ONGC and Reliance among them, which accounted for sixty percent of this spike. Key sectors like metals and oil have made remarkable profit recoveries during this time, and broader market segments,…

The Economic Times

Nifty Q1 earnings grow 11% to beat estimate, says Motilal Oswal; picks Bharti Airtel, SBI, ICICI Bank among top bets

Nifty companies have posted a stronger-than-expected start to Q1 earnings, with profits of 39 reporting constituents rising 11% YoY, beating Motilal Oswal’s 7% estimate. Reliance Industries, JSW Steel, ICICI Bank, Bajaj Finance and Axis Bank drove 59% of incremental earnings growth, while InterGlobe Aviation, ITC, Dr Reddy’s, Cipla and Maruti…

The Economic Times

IndiGo shares sink 3% after Rs 238 crore Q1 loss, but why are Citi and Nuvama raising target prices?

InterGlobe Aviation (IndiGo) reported a Q1FY27 net loss of Rs 238 crore as soaring fuel costs pushed expenses ahead of revenue growth. Despite the earnings miss, brokerages including Citi and Nuvama retained their 'Buy' ratings and raised target prices, citing strong yields, pricing power, disciplined capacity expansion and long-term growth…

The Economic Times

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IndiGo gets DGCA warning over cargo spillage, dangerous goods rule violations

IndiGo's parent company received a DGCA warning letter for procedural deviations. This followed an audit after a cargo spillage incident occurred in January. The airline must now submit an action taken report to the aviation regulator. No penalties or sanctions were imposed by the DGCA on the airline. The company…

The Economic Times

IndiGo's Chief Human Resources Officer Pasricha resigns

IndiGo's Chief Human Resources Officer, Sukhjit Singh Pasricha, has resigned after an eight-year tenure, with Kanwal Jeet Singh Bakshi set to take over from July 20. This marks another significant senior departure from the airline, following recent exits of its CEO and Head of Global Sales. Pasricha cited discussions about…

The Economic Times

IndiGo shares gain 2% after analyst meet. Why Goldman, Morgan Stanley, others see up to 38% upside?

IndiGo shares witnessed an uptick on Tuesday after its analyst meet, where management outlined strong long-term growth plans driven by rising air travel demand and international expansion. Brokerages including Goldman Sachs, Morgan Stanley, Motilal Oswal and Elara Capital reiterated bullish views, seeing up to 38% upside despite near-term geopolitical and…

The Economic Times

CG Power's growth momentum strong, but valuation comfort missing: Sandip Sabharwal

CG Power expands its switchgear production, signaling strong demand in the power equipment sector. However, market expert Sandip Sabharwal warns that valuations for companies like CG Power, Hitachi Energy, and GE Vernova have surged significantly. He advises existing investors to hold but suggests new investors wait for corrections. Wockhardt's Zaynich…

The Economic Times

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IndiGo shares snap 3-day rally, fall over 1% as airline suspends flights to 6 countries amid soaring operational costs

IndiGo's parent company, InterGlobe Aviation, saw its shares dip as the airline announced temporary flight suspensions to six international destinations from July 1, 2026. This strategic network optimization aims to address softer demand and a challenging cost environment, with operations resuming on October 1, 2026.

The Economic Times

IndiGo shares crack nearly 30% from peak. Will Iran war, soaring oil prices cause more turbulence?

InterGlobe Aviation faces significant challenges in 2026 due to new FDTL norms causing pilot shortages and widespread disruptions. The Israel-Iran conflict further impacted operations with airspace restrictions and rising oil prices, leading to a net loss in Q4 FY26. Analysts remain cautious, with the outlook dependent on oil prices and…

The Economic Times

IndiGo shares fall as airline halts Manchester flights amid soaring operational costs

IndiGo shares fell after it temporarily suspended its flights to Manchester from August 31 due to extended airspace restrictions and soaring operational costs. This decision will see one of its leased Boeing 787-9 Dreamliners returned. Despite strong passenger demand, longer flight times and escalating expenses forced the airline's hand, though…

The Economic Times

Q4 earnings review: Motilal Oswal highlights broad-based beat on estimates, lists 6 sectors that exceeded expectations

Motilal Oswal said Q4 FY26 earnings surpassed expectations, with aggregate profits rising 16% year-on-year against its 8% estimate. Strong performances from BFSI, metals, OMCs, technology, telecom and automobiles drove the beat, while oil & gas lagged. The brokerage remains selective, favouring domestic growth-oriented sectors and stocks.

The Economic Times

IndiGo approves $450 million plan to acquire aircraft, engines

IndiGo's parent company, InterGlobe Aviation, has approved a significant plan. Up to $450 million will be deployed to acquire aircraft, engines, and other aviation assets. This move aims to increase the airline's ownership of its expanding fleet. The funds will be channeled through a wholly owned subsidiary.

The Economic Times

Rakesh Gangwal's wife pares 4% stake in IndiGo for Rs 2,944 crore

NEW DELHI: Shobha Gangwal, wife of IndiGo co-founder Rakesh Gangwal, on Thursday divested a 4 per cent stake in parent firm InterGlobe Aviation for Rs 2,944 crore through the open market transactions.

The Times of India

KLM president Pieter Elbers to be new IndiGo CEO; Ronojoy Dutta resigns

NEW DELHI: The stage is set for a battle Royale between India’s two largest airlines — Tata Group's four airlines led by Air India and market leader IndiGo.

The Times of India

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