Latest news with #A321
The Print
2 days ago
- Business
- The Print
IndiGo Q1 profit skids 20 pc to Rs 2,176 cr; sees 12 pc passenger growth
In the first quarter of the current fiscal, total income climbed 6.4 per cent to Rs 21,542.6 crore. In the year-ago period, the same stood at Rs 20,248.9 crore. InterGlobe Aviation, the parent of IndiGo which had a domestic market share of 64.5 per cent in June, posted a profit after tax of Rs 2,728.8 crore in the year-ago period. New Delhi, Jul 30 (PTI) The country's largest airline IndiGo on Wednesday reported a 20 per cent decline in profit after tax at Rs 2,176.3 crore for the June quarter as airspace curbs and overall challenging operating environment crimped its bottom line even as the carrier flew 12 per cent more passengers during the period. IndiGo CEO Pieter Elbers said the June quarter was shaped by significant external challenges that created headwinds for the entire aviation sector. 'Despite these industry wide disruptions, we reported a net profit of Rs 21,763 million with a net profit margin of around 11 per cent for the quarter ended June 2025. 'While the revenue environment saw moderation, demand for air travel held strong as we served more than 31 million passengers during the quarter, reflecting a growth of around 12 per cent on a year-over-year basis,' he said in a release. The airline's total expenses shot up 10.2 per cent to Rs 19,231.9 crore in the three months ended June even as fuel cost dropped 9.1 per cent to Rs 5,832.6 crore during the same period. 'For the quarter, our passenger ticket revenues were Rs 177,917 million, an increase of 7.8 per cent and ancillary revenues were Rs 21,534 million, an increase of 22.1 per cent compared to the same period last year,' the release said. However, yield decreased 5 per cent to Rs 4.98 and load factor dropped to 84.6 per cent in the latest June quarter. During a virtual interaction with journalists post results, Elbers said the situation with respect to grounded aircraft has improved and the Aircraft on Ground (AOG) is now in the range of '40s'. With the improvement in AOG, he said the airline has reduced some of the aircraft leases which has helped from a financial perspective. While responding to a query, Elbers said the results would have been better without the airspace curbs. There has been an impact on the results, he noted. In the wake of the India-Pakistan conflict, there are airspace restrictions and as a result, the airline has suspended flights to two destinations in Central Asia while some of the flights are taking longer time. In the second quarter of 2025-26, IndiGo expects capacity in terms of ASKs (Available Seat Kilometre) to increase by mid to high single digit as compared to the year-ago period. At the end of the June quarter, IndiGo had a fleet of 416 planes, including A320 ceos, neos, A321 neos, ATRs, A321 freighters, B777s, B737s and B787. There was a 'net decrease of 18 passenger aircraft during the quarter,' the release said. Meanwhile, IndiGo will fly 6 times per week between Mumbai and Amsterdam, and the services will be made daily from October 13. Currently, the airline operates three weekly flights from Mumbai to Amsterdam with a leased Boeing 787 aircraft from Norway's Norse Atlantic. IndiGo will get the second leased Boeing 787 plane from Norse Atlantic in September. Also, there will be four weekly services between Mumbai and Manchester from September 22 as compared to three weekly flights now. IndiGo's services to Amsterdam and Manchester commenced this month. PTI RAM ANU ANU This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Sharjah 24
2 days ago
- Business
- Sharjah 24
Air Arabia expands Russian network from Ras Al Khaimah
Flight schedule to Yekaterinburg and Kazan Starting October 27, 2025, Air Arabia will operate weekly flights to Yekaterinburg's Koltsovo International Airport every Monday. Non-stop service to Kazan International Airport will commence on October 31, 2025, with flights scheduled every Friday. Strengthening UAE-Russia travel and trade links Adel Al Ali, Group Chief Executive Officer of Air Arabia, stated, 'We are glad to introduce our new non-stop services from Ras Al Khaimah to Yekaterinburg and Kazan, further expanding our growing network from the emirate. Russia remains a key market for us, and these additions reflect our commitment to offering more travel options while supporting the continued growth of tourism and trade between the UAE and Russia.' Expanding presence in the Russian market With the addition of Yekaterinburg and Kazan, Air Arabia continues to strengthen its Russian network, building on its existing service to Moscow. The expansion from Ras Al Khaimah reinforces the airline's commitment to affordable and convenient connectivity for both leisure and business travelers. Multiple UAE gateways to Russia In addition to the new Ras Al Khaimah routes, Air Arabia operates direct flights to Yekaterinburg from Sharjah and Abu Dhabi, and to Kazan from Sharjah. These options provide passengers across the UAE with greater flexibility when flying to Russia. Growing network from Ras Al Khaimah Air Arabia currently operates direct flights from Ras Al Khaimah to 10 international destinations. These include Cairo, Jeddah, Islamabad, Lahore, Peshawar, Calicut, Moscow, Tashkent, and now Yekaterinburg and Kazan. Modern fleet and enhanced passenger experience The airline operates a modern fleet of Airbus A320 and A321 aircraft, known for their comfort and efficiency. The cabin layout offers one of the most spacious seat pitches in economy class. Passengers can enjoy 'SkyTime', a free in-flight streaming service that delivers a range of entertainment directly to personal devices, along with a selection of meals and snacks available from the onboard 'SkyCafe' menu. Booking now open Customers can now book their direct flights to Yekaterinburg and Kazan through Air Arabia's website, call center, or their preferred travel agencies.
Mint
2 days ago
- Business
- Mint
IndiGo Q1 Results: Net Profit drops 20% to ₹2,176.3 crore; revenue up 4.7%
IndiGo Q1 Results: InterGlobe Aviation (IndiGo) announced its results for the quarter ended June 2025 (Q1FY26) today, July 30. The aviation stock's net profit fell 20 percent to ₹ 2,176.3 crore in Q1FY26 as against ₹ 2,728.8 crore in the same period last year. The consolidated revenue of the company rose 4.7 percent to ₹ 20,496.3 crore in the June 2025 quarter from ₹ 19,571 crore in Q1FY25 in the quarter under review. IndiGo reported a modest 0.66 percent increase in EBITDA at ₹ 5,866.3 crore for the quarter ended June 2025, compared to ₹ 5,828 crore in the same period last year. However, EBITDA margin declined to 28.6 percent from 30 percent a year ago, reflecting pressure on profitability. The airline's yield also dropped 5 percent year-on-year to ₹ 4.98 per kilometre, indicating a softer pricing environment. Commenting on the performance, Pieter Elbers, CEO of IndiGo, said the June quarter was marked by significant external headwinds impacting the entire aviation sector. "Despite these industry-wide disruptions, we reported a net profit of ₹ 2,176.3 crore, with a net profit margin of around 11 percent for Q1FY26," he said. Elbers noted that although the revenue environment witnessed some moderation, demand for air travel remained strong. The airline served over 31 million passengers during the quarter, a 12 percent year-on-year growth. 'Looking forward, we remain optimistic about the growth of air travel and with our scale, network and fit-for-purpose fleet, we remain committed to serving the growing demand,' he added. IndiGo reported an 11.6 percent year-on-year rise in the number of passengers carried, reaching 3.1 crore in the first quarter of FY26. The airline also expanded its capacity by 16.4 percent during the same period, taking the total available seat kilometres to 4,230 crore. As of June 30, 2025, IndiGo's fleet stood at 416 aircraft, comprising 28 A320 CEOs (including 2 on damp lease), 187 A320 NEOs, 141 A321 NEOs, 48 ATRs, 3 A321 freighters, 2 B777s (damp lease), 6 B737s (damp lease), and 1 B787 (damp lease). The airline witnessed a net reduction of 18 passenger aircraft during the quarter. IndiGo operated a peak of 2,269 daily flights in Q1 FY26, including non-scheduled operations. It offered scheduled services across 91 domestic and 41 international destinations during the period.
News18
2 days ago
- Business
- News18
IndiGo Q1 profit skids 20 pc to Rs 2,176 cr; sees 12 pc passenger growth
New Delhi, Jul 30 (PTI) The country's largest airline IndiGo on Wednesday reported a 20 per cent decline in profit after tax at Rs 2,176.3 crore for the June quarter as airspace curbs and overall challenging operating environment crimped its bottom line even as the carrier flew 12 per cent more passengers during the period. InterGlobe Aviation, the parent of IndiGo which had a domestic market share of 64.5 per cent in June, posted a profit after tax of Rs 2,728.8 crore in the year-ago period. In the first quarter of the current fiscal, total income climbed 6.4 per cent to Rs 21,542.6 crore. In the year-ago period, the same stood at Rs 20,248.9 crore. IndiGo CEO Pieter Elbers said the June quarter was shaped by significant external challenges that created headwinds for the entire aviation sector. 'Despite these industry wide disruptions, we reported a net profit of Rs 21,763 million with a net profit margin of around 11 per cent for the quarter ended June 2025. 'While the revenue environment saw moderation, demand for air travel held strong as we served more than 31 million passengers during the quarter, reflecting a growth of around 12 per cent on a year-over-year basis," he said in a release. The airline's total expenses shot up 10.2 per cent to Rs 19,231.9 crore in the three months ended June even as fuel cost dropped 9.1 per cent to Rs 5,832.6 crore during the same period. 'For the quarter, our passenger ticket revenues were Rs 177,917 million, an increase of 7.8 per cent and ancillary revenues were Rs 21,534 million, an increase of 22.1 per cent compared to the same period last year," the release said. However, yield decreased 5 per cent to Rs 4.98 and load factor dropped to 84.6 per cent in the latest June quarter. During a virtual interaction with journalists post results, Elbers said the situation with respect to grounded aircraft has improved and the Aircraft on Ground (AOG) is now in the range of '40s". With the improvement in AOG, he said the airline has reduced some of the aircraft leases which has helped from a financial perspective. While responding to a query, Elbers said the results would have been better without the airspace curbs. There has been an impact on the results, he noted. In the wake of the India-Pakistan conflict, there are airspace restrictions and as a result, the airline has suspended flights to two destinations in Central Asia while some of the flights are taking longer time. In the second quarter of 2025-26, IndiGo expects capacity in terms of ASKs (Available Seat Kilometre) to increase by mid to high single digit as compared to the year-ago period. At the end of the June quarter, IndiGo had a fleet of 416 planes, including A320 ceos, neos, A321 neos, ATRs, A321 freighters, B777s, B737s and B787. There was a 'net decrease of 18 passenger aircraft during the quarter," the release said. Meanwhile, IndiGo will fly 6 times per week between Mumbai and Amsterdam, and the services will be made daily from October 13. Currently, the airline operates three weekly flights from Mumbai to Amsterdam with a leased Boeing 787 aircraft from Norway's Norse Atlantic. IndiGo will get the second leased Boeing 787 plane from Norse Atlantic in September. Also, there will be four weekly services between Mumbai and Manchester from September 22 as compared to three weekly flights now. IndiGo's services to Amsterdam and Manchester commenced this month. PTI RAM ANU ANU view comments First Published: July 30, 2025, 18:45 IST News agency-feeds IndiGo Q1 profit skids 20 pc to Rs 2,176 cr; sees 12 pc passenger growth Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
2 days ago
- Business
- Economic Times
IndiGo's insurance premium likely to rise, in single digits
Mumbai: IndiGo Airlines, country's largest carrier by fleet size and market share, is likely to face a single-digit percentage increase in aviation insurance premiums when its annual cover comes up for renewal this week, people familiar with the matter hike comes amid a hardening global reinsurance market following the recent fatal Air India crash in Ahmedabad, which could result in hull and liability claims exceeding $200 million. The insurance renewal for IndiGo and SpiceJet-whose policies are up for renewal in October-is being closely watched by the industry as reinsurers raise prices in the wake of increasing global aviation in the London market, which underwrite a large portion of Indian aviation risk, are tightening capacity and pushing up rates for both hull and liability covers. IndiGo's policy last year was led by New India Assurance, with co-insurers such as ICICI Lombard participating domestically. A large portion of the risk was ceded to overseas reinsurers, particularly in London, which continue to dominate aviation hull and liability insurance. The carrier's combined hull, spares, and liability cover carries a premium of approximately $13 -15 million, industry sources said. The total insurance value for its 437 aircraft fleet stands at around $20 billion. Each aircraft-primarily Airbus A320 and A321 models-is insured for a hull value between $30 million and $45 million. The fleet includes a few wide-body aircraft recently inducted for international the liability front, narrow-body aircraft typically carry coverage up to $750 million, while wide-body aircraft are covered for up to $1 billion. The current combined single limit (CSL) for liability stands at $1 billion, with maximum hull agreed value (MAV) at $150 million and spares at $300 costs have been rising since late 2023, but the recent Air India crash has led to further tightening, with international reinsurers becoming more cautious on risk appetite.
