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Time of India
2 days ago
- Business
- Time of India
IndiGo plans overseas push as it readies to fly new aircraft
IndiGo is set to expand its long-haul flight network, introducing routes to London, Copenhagen, Athens, and Siem Reap. The airline will incorporate Airbus A321 XLR and A350 aircraft in 2026 and 2027, respectively, and begin long-haul services to Amsterdam and Manchester in July using leased Boeing 787s. Tired of too many ads? Remove Ads New Delhi: IndiGo plans to mount more long-haul flights , adding London, Copenhagen, Athens, and Siem Reap, as India's largest airline by market share continues its overseas expansion plans. The budget airline-with a more than 60% share of the domestic market-will be inducting the long-range narrow-body Airbus A321 XLR aircraft and the A350 widebody aircraft-of the Airbus family in 2026 and 2027, respectively to bolster its overseas flight will make its maiden foray into long-haul flying with services to Amsterdam and Manchester starting July-using Boeing 787 aircraft leased from European carrier Norse Atlantic. So far, the carrier's network has been limited to domestic routes, and up to six-hour international flights . In the domestic sector, IndiGo plans to add Hindon, Adampur, Navi Mumbai, and Noida, increasing local destinations to 95 this fiscal airline-targeting a 600-aircraft fleet by 2030-Friday announced plans to set up a maintenance, overhaul and repair facility in Bengaluru. IndiGo has acquired 31 acres for the facility that will be able to handle both narrow body and wide body aircraft."The Indian aviation sector is at an inflection point. We are excited to lead the next phase of growth with a strategy that balances agility, scale, and regulatory compliance," said Pieter Elbers , CEO, IndiGo.
Indian Express
3 days ago
- Business
- Indian Express
After Manchester and Amsterdam, IndiGo gears up for flights to London, Copenhagen, Athens and five more overseas destinations in 2025-26
As part of its strategy of internationalisation, India's largest airline IndiGo will be launching flights to a total of 10 new overseas destinations in financial year 2025-26 (FY26), growing its international network by a fourth to 51 destinations from the current 41. IndiGo, which had already announced flights to Manchester and Amsterdam from early July, said Friday that it intends to launch services to London, Copenhagen, Athens, Siem Ream, and four Central Asian destinations that will be announced at a later date. IndiGo will also restart services to Central Asia cities of Almaty and Tashkent, but instead of Delhi, they will be served from Mumbai. The carrier had suspended its Delhi-Almaty and Delhi-Tashkent services after Pakistan closed its airspace to Indian airlines and aircraft from April 24 as diplomatic relations between the two countries deteriorated in the wake of the terrorist attack in Pahalgam. The airline had said that the circuitous route around Pakistan to reach these cities from Delhi was beyond the range of its narrow-body aircraft. The carrier has not yet decided which Indian city or cities will the new overseas destinations will be connected with, IndiGo CEO Pieter Elbers told reporters. Given the Pakistani airspace closure, some industry insiders see Delhi, a key hub for IndiGo, not being conducive for westward international flights. Notably, IndiGo's upcoming thrice weekly services to Manchester and Amsterdam—its first long-haul destinations—will be from Mumbai, and not Delhi. Elbers, however, said that the damp leased wide-body aircraft IndiGo will be using for most of its European routes possess the range to operate to those destinations from various large Indian cities, including Delhi and Mumbai. On the question of Pakistani airspace closure's impact on IndiGo's network development strategy, Elbers said that all airlines are considering various possible scenarios given the situation and IndiGo is no different, adding that it was not known for how long these curbs are going to be in place. Barring Athens, the destinations in Europe and the UK are expected to be operated using the Norse Atlantic aircraft that IndiGo is taking on damp lease. Flights to Athens will be operated using the Airbus A321 XLR aircraft that IndiGo expects to start inducting in the current financial year. Siem Ream and the new destinations in Cenral Asia are likely to be operated using IndiGo's mainline fleet of Airbus A320 family jets. Over the past few months, IndiGo signed agreements with Norse Atlantic Airways to damp lease a total of six Boeing 787-9 Dreamliner aircraft, one of which is already operating on its Delhi-Bangkok route. These aircraft will support IndiGo's debut into the European market, starting with Manchester and Amsterdam, while the airline awaits the delivery of its A321XLR planes from this year and A350-900 aircraft from 2027 onwards. As part of its 'internationalisation strategy', IndiGo plans to induct extra-long-range narrow-body Airbus A321 XLR aircraft and wide-body Airbus A350 planes to operate medium- and long-range international flights. The carrier evidently does not want to wait for these aircraft to further fuel its international expansion, and therefore decided to enter the long-haul market using damp-leased planes. The airline is understood to be in the market for more wide-body leasing opportunities. IndiGo sees significant potential in the international segment, given that Indian airlines account for 45 per cent of India's international air passenger traffic, while overseas carriers account for around 55 per cent, Elbers said. In the case of India-Europe passenger traffic, overseas carriers have an even higher share of around 70 per cent. The airline is also making adjustments to its product offering as it forays into the long-haul operations. In a first for IndiGo, the carrier will offer complimentary hot meals to all flyers on long-haul flights to Europe and the UK, which is a departure from its model of paid meals. As the airline's regular fleet of narrow-body aircraft does not have ovens on board, it serves only cold meals and instant meals prepared with hot water. It is also offering its business class product on these routes After dominating the Indian skies with a market share of over 60 per cent, IndiGo has been focusing on internationalisation, which entails a rapid expansion of its international network—including foraying into the long-haul segment—given the robust overseas travel demand from India. Over the past two to three years, IndiGo has expanded its international network by adding destinations in regions including Central Asia and the Caucasus, Southeast Asia, and Africa using its narrow-body fleet. Europe, where Air India is the only Indian carrier that operates direct flights, was expected to be the next frontier for IndiGo.
Time of India
3 days ago
- Business
- Time of India
Europe ahoy: IndiGo to start London, Copenhagen & Athens flight by winter
File photo NEW DELHI: Indian globetrotters will soon have more airline options for their overseas trips. IndiGo CEO Pieter Elbers Friday said the airline will start flights to London, Copenhagen & Athens in Europe and Siem Reap in Cambodia by this winter. India's largest airline is starting Europe flights with Amsterdam and Manchester on Norse Atlantic wet leased (hired with operating crew) Boeing 787s this July. This year, it will add 10 new international destinations to its network apart from introducing its business product Stretch on some international destinations — Dubai, Bangkok, Singapore and Phuket — that are served by narrow body aircraft. 'With one new aircraft joining the fleet every week for the next decade or so, IndiGo anticipates surpassing a fleet size of 600 aircraft by 2030. We received 58 Airbus aircraft last fiscal and crossed the $10 billion revenue mark apart from flying 11.8 crore passengers. Every three days, we fly 10 lakh passengers,' Elbers said here Friday as IndiGo is hosting the annual general meeting of International Air Transport Association (IATA). Air India has also placed an order for over 500 aircraft and is growing aggressively after Tatas took over the Maharaja in Jan 2022. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A brain tumor threatens his life. Please save him. Donate For Health Donate Now Undo 'India is in a hurry and so is IndiGo,' he said referring to the growth of the airline. In fiscal 2015, it had 21 domestic destinations and now it is at 91 to which Hindon, Adampur, Navi Mumbai and Greater Noida will be added this year. In fiscal 2015, it had five international destinations and now it has 40 in which 10 more will be added in FY 26. 'People ask us if we are a low cost carrier (LCC) or a full service one, we are neither. We have built our own model,' the CEO said. IndiGo has signed an agreement with Norse Atlantic Airways for a damp lease of six Boeing 787-9 Dreamliner aircraft, deliveries of which will be completed by early 2026. This fiscal it will get the long range Airbus A321XLR. The Dreamliners will be used for direct flights connecting Mumbai with Manchester and Amsterdam starting July 2025, and then flights from India to London and Copenhagen. Athens will be served by the A321XLR. 'The airline will (add) four more Central Asian destinations being added... will re-activate services to Almaty and Tashkent with new non-stop services from Mumbai. Tbilisi will also see additional capacity with non-stop connectivity from Mumbai. Direct flights to Siem Reap will be IndiGo's foray in the India – Cambodia market… after the launch of services to Langkawi, Penang and Krabi last year. The airline will also add capacity to Denpasar Bali (Indonesia) as well as Ho Chi Minh City and Hanoi in Vietnam,' Elbers said. IndiGo has two maintenance facilities with hangars Delhi and Bengaluru. On Friday, it signed an MoU with Bangalore International Airport Limited (BIAL) to build a maintenance repair overhaul (MRO) facility on 31 acres of land. This facility will be equipped to handle narrow-body and wide-body aircraft. 'With more than 400 aircraft in fleet and over 900 on order, a dedicated MRO facility will give a significant advantage in terms of aircraft availability, greater cost efficiencies and quicker turnaround benefiting the airline. We are keeping planes longer now and that also makes a MRO necessary,' Elbers said.
Economic Times
22-05-2025
- Business
- Economic Times
IndiGo shares in focus after profit jumps 62% YoY to Rs 3,067 crore on wedding, Maha Kumbh boost
IndiGo's net profit surged 62% to Rs 3,067 crore in Q4, driven by travel demand. Revenue rose 24% to Rs 22,152 crore. The airline reported a full-year net profit of Rs 7,258 crore. IndiGo will launch flights to Amsterdam and Manchester using leased Boeing 787s. Ticket cancellations due to geopolitical tensions are reversing. The number of grounded planes is decreasing. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of IndiGo will be in focus on Thursday after the airline posted a 62% year-on-year jump in net profit to Rs 3,067 crore for the March quarter, driven by strong travel demand during the Maha Kumbh Mela and wedding season. This marks the airline's second-highest quarterly company reported revenue from operations of Rs 22,152 crore, which was up by 24% from Rs 17,825 crore in the corresponding quarter of the last financial the full fiscal year ended March 31, IndiGo reported a net profit of Rs 7,258 crore, down 11% from the previous year. The board has declared a dividend of Rs 10 per share."It was an exceptionally strong fourth quarter with strong demand, a good execution of our strategy and some events like the Maha Kumbh obviously helping the performance," said Pieter Elbers, CEO of IndiGo. "Our sustained performance is the result of record passenger volumes, operational efficiencies, agility and commitment demonstrated by IndiGo employees."IndiGo's yields-a metric of profitability-increased 2.4% on-year to Rs 5.32 per kilometre last quarter. Passenger load factor improved by 1.1 percentage points to 87.4%.However, the airline has been impacted by geopolitical tensions between India and Pakistan. It faced large scale ticket cancellations when India shut 32 airports earlier this month due to the conflict with financial officer Gaurav Negi said the trend of cancellations has started to reverse and he expects the upcoming summer holidays to further drive passenger traffic."All these airports have opened up and we think that the peak of the cancellations have happened, but the trend has started to reverse after the geopolitical events," Negi said in a post-results call with also announced flights to Amsterdam and Manchester from July-its maiden foray into long-haul flying-using Boeing 787 aircraft leased from European carrier Norse Atlantic. Till now, IndiGo's network remains limited in domestic and up to six hours of flights to international said the onboard experience will be noticeably different from a typical no-frills IndiGo passengers, regardless of cabin, will receive two sets of complementary hot meals-a first for the carrier. In IndiGo Stretch premium cabin, passengers will get complimentary lounge highlighted that IndiGo is pushing into longer-haul markets. "Indian operators' share was in the mid-30s till a few years ago. Over the last few years, this share has gone up to 45-46%," he said, citing regional expansion as the primary driver. "That is why we are now starting flights to destinations like Manchester."Meanwhile, the fleet of IndiGo's grounded planes due to issues with Pratt and Whitney engines has also reduced, after peaking at the mid-70s in Q2FY25, before falling to 50s in Q4. Currently, the number stands at 40s. With return of the aircraft, IndiGo will be able to phase out aircraft taken on higher lease rentals, improving cost efficiency, Negi to Trendlyne, IndiGo has an average target price of Rs 5,608, indicating a 3% upside from current levels. The stock holds a 'Buy' rating based on recommendations from 21 analysts.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
22-05-2025
- Business
- Time of India
IndiGo shares in focus after profit jumps 62% YoY to Rs 3,067 crore on wedding, Maha Kumbh boost
Shares of IndiGo will be in focus on Thursday after the airline posted a 62% year-on-year jump in net profit to Rs 3,067 crore for the March quarter, driven by strong travel demand during the Maha Kumbh Mela and wedding season. This marks the airline's second-highest quarterly profit. The company reported revenue from operations of Rs 22,152 crore, which was up by 24% from Rs 17,825 crore in the corresponding quarter of the last financial year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Vietnam: Unsold Sofas at Bargain Prices (View Current Prices) Sofas | Search Ads Search Now Undo For the full fiscal year ended March 31, IndiGo reported a net profit of Rs 7,258 crore, down 11% from the previous year. The board has declared a dividend of Rs 10 per share. "It was an exceptionally strong fourth quarter with strong demand, a good execution of our strategy and some events like the Maha Kumbh obviously helping the performance," said Pieter Elbers, CEO of IndiGo. "Our sustained performance is the result of record passenger volumes, operational efficiencies, agility and commitment demonstrated by IndiGo employees." IndiGo's yields-a metric of profitability-increased 2.4% on-year to Rs 5.32 per kilometre last quarter. Passenger load factor improved by 1.1 percentage points to 87.4%. Live Events However, the airline has been impacted by geopolitical tensions between India and Pakistan. It faced large scale ticket cancellations when India shut 32 airports earlier this month due to the conflict with Pakistan. Chief financial officer Gaurav Negi said the trend of cancellations has started to reverse and he expects the upcoming summer holidays to further drive passenger traffic. "All these airports have opened up and we think that the peak of the cancellations have happened, but the trend has started to reverse after the geopolitical events," Negi said in a post-results call with analysts. IndiGo also announced flights to Amsterdam and Manchester from July-its maiden foray into long-haul flying-using Boeing 787 aircraft leased from European carrier Norse Atlantic. Till now, IndiGo's network remains limited in domestic and up to six hours of flights to international destinations. Executives said the onboard experience will be noticeably different from a typical no-frills IndiGo flight. All passengers, regardless of cabin, will receive two sets of complementary hot meals-a first for the carrier. In IndiGo Stretch premium cabin, passengers will get complimentary lounge access. Elbers highlighted that IndiGo is pushing into longer-haul markets. "Indian operators' share was in the mid-30s till a few years ago. Over the last few years, this share has gone up to 45-46%," he said, citing regional expansion as the primary driver. "That is why we are now starting flights to destinations like Manchester." Meanwhile, the fleet of IndiGo's grounded planes due to issues with Pratt and Whitney engines has also reduced, after peaking at the mid-70s in Q2FY25, before falling to 50s in Q4. Currently, the number stands at 40s. With return of the aircraft, IndiGo will be able to phase out aircraft taken on higher lease rentals, improving cost efficiency, Negi said. Also Read: RIL, SBI among 10 stocks with more than 32 buy calls IndiGo share price target According to Trendlyne, IndiGo has an average target price of Rs 5,608, indicating a 3% upside from current levels. The stock holds a 'Buy' rating based on recommendations from 21 analysts. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
