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Interglobe Aviation Ltd (INGL.NS)

INGL.NS on National Stock Exchange of India

1,048.45INR
14 Nov 2018
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1,505,906
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Rs1,520.00
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Rs691.00

Latest Key Developments (Source: Significant Developments)

InterGlobe Aviation Execs Expect Co To Start Receiving Airbus A321neos From Nov
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - InterGlobe Aviation Ltd Executives::EXEC SAYS EXPECT TO START RECEIVING AIRBUS A321NEOS FROM NOV THIS YEAR.EXEC SAYS WEAKER CURRENCY RESULTED IN LOSS OF 4.3 BILLION RUPEES IN SEPT-QUARTER.EXEC SAYS PURCHASED 3 ATRS PLANES USING FREE CASH DURING THE QUARTER.EXEC SAYS LONG HAUL FLYING WITH WIDE BODY PLANES IS MORE OF AN ASPIRATION THAN PLAN.EXEC SAYS WILL EXPAND INTO INTERNATIONAL MARKETS USING EXISTING FLEET OF AIRCRAFT.EXEC SAYS "HAVE A BUBBLE IN TERMS OF PASSENGER CAPACITY OVER THE NEXT TWO QUARTERS".EXEC SAYS HOLDING OFF BUYING ANY AIRBUS A320 PLANES WITH CASH, FALLING BACK ON LEASING MODEL.EXEC SAYS "WE ARE NOT LEADING THE CHARGE IN TERMS OF LOW FARES".  Full Article

InterGlobe Aviation Execs Expect Co To Start Receiving Airbus A320neos From Nov
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - InterGlobe Aviation Ltd Executives::EXEC SAYS EXPECT TO START RECEIVING AIRBUS A320NEOS FROM NOV THIS YEAR.EXEC SAYS WEAKER CURRENCY RESULTED IN LOSS OF 4.3 BILLION RUPEES IN SEPT-QUARTER.EXEC SAYS PURCHASED 3 ATRS PLANES USING FREE CASH DURING THE QUARTER.EXEC SAYS LONG HAUL FLYING WITH WIDE BODY PLANES IS MORE OF AN ASPIRATION THAN PLAN.EXEC SAYS WILL EXPAND INTO INTERNATIONAL MARKETS USING EXISTING FLEET OF AIRCRAFT.EXEC SAYS "HAVE A BUBBLE IN TERMS OF PASSENGER CAPACITY OVER THE NEXT TWO QUARTERS".EXEC SAYS HOLDING OFF BUYING ANY AIRBUS A320 PLANES WITH CASH, FALLING BACK ON LEASING MODEL.EXEC SAYS "WE ARE NOT LEADING THE CHARGE IN TERMS OF LOW FARES".  Full Article

India's Interglobe Aviation Posts Sept-Qtr Loss
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Interglobe Aviation Ltd ::SEPT QUARTER LOSS 6.52 BILLION RUPEES VERSUS PROFIT OF 5.52 BILLION RUPEES LAST YEAR.SEPT QUARTER REVENUE FROM OPERATIONS 61.85 BILLION RUPEES VERSUS 52.91 BILLION RUPEES LAST YEAR.SAYS THIRCL QUARTER FACAL 2019 YEAR OVER YEAR CAPACITY INCREASE IN ASKS IS EXPECTED TO BE 35 PERCENT.SAYS FULL YEAR FISCAL 2019 YEAR OVER YEAR CAPACITY INCREASE IN ASKS IS EXPECTED TO BE 30 PERCENT.TOTAL DEBT AS ON SEPT 30, 2018 WAS 26.41 BILLION RUPEES.INTERGLOBE AVIATION - PROFIT IN QUARTER HURT DUE TO PRESSURE FROM HIGH FUEL COSTS, RUPEE DEPRECIATION AND COMPETITION.INTERGLOBE AVIATION SAYS THIRD QUARTER FISCAL 2019 YEAR OVER YEAR CAPACITY INCREASE IN ASKS IS EXPECTED TO BE 35 PERCENT .  Full Article

Interglobe Aviation Seeks Shareholders' Nod To Raise Borrowing Powers Up To 100 Bln Rupees
Friday, 13 Jul 2018 

July 13 (Reuters) - InterGlobe Aviation Ltd ::SEEKS SHAREHOLDERS' NOD TO RAISE BORROWING POWERS UP TO 100 BILLION RUPEES.  Full Article

Indigo Says "No Ongoing Discussions" Of Co Partnering With Airline From Gulf To Bid For Air India
Wednesday, 21 Mar 2018 

March 21 (Reuters) - :INDIGO SAYS "NO ONGOING DISCUSSIONS" OF CO PARTNERING WITH AN AIRLINE FROM THE GULF TO BID FOR AIR INDIA.  Full Article

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

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 

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

Interglobe Aviation exec says seeing high rate of replacement of engines in its new Airbus A320NEO aircraft
Tuesday, 31 Jan 2017 

Interglobe Aviation Ltd : Exec says seeing high rate of replacement of engines in its new Airbus A320NEO aircraft . Exec says continue to face operational issues with engines in its new Airbus A320NEO aircraft . Exec says expects yields, a measure of fares it earns, to decline by 10 percent in January . Exec says will begin flights within 90 days to Sharjah, Doha and Dhaka and Indian cities of Amritsar, Madurai and Mangalore . Exec says in the process of refining 2018 plan, expect target to be higher than previous guidance of 154 aircraft . Exec says there will be a small increase in lease rentals for new aircraft added to the fleet . Exec says seeing fuel burn savings of about 15 percent from new Airbus A320NEO aircraft Further company coverage: [INGL.NS] (Reporting By Aditi Shah) ((swati.bhat@thomsonreuters.com;)).  Full Article

Shares in India's state-owned oil marketing firms gain as crude slumps

MUMBAI, Nov 14 Shares in India's top three oil marketing companies surged on Wednesday, as investors cheered the slump in global crude oil prices that bode well for the profitability of Indian refiners.