INDIGO, THE COUNTRY'S LARGEST airline, is expecting growth in aircraft addition to its fleet to be lower in FY25 as compared to FY24, reckoning more than one aircraft inclusion every week.
The low-cost carrier, with a market share of more than 60% of the domestic market, said in a presentation on Friday that the growth in capacity for FY25 is expected to be in 'early double digits' For FY24 this guidance was 'north of mid-teens'.
In February 2024, IndiGo said that it was expecting around 12% capacity growth in the March quarter on a year-over-year basis. With that, IndiGo will be exceeding its original guidance for FY24 to deliver a growth of more than 20% as compared to FY23.
Denne historien er fra March 23, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra March 23, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Tenuous Gaza ceasefire
A permanent cessation of hostilities to facilitate reconstruction, however, is an open question
Brokerages positive on Paytm; shares fall
MAJOR BROKERAGES REMAIN positive on Paytm as the fintech managed to narrow its third quarter net loss, with the company continuing to witness an improvement in business metrics.
Exporters Can Import Small Diamonds Sans Duty From Apr 1
THE GOVERNMENT ON Tuesday announced a scheme that will allow duty-free import of natural cut and polished diamonds of up to 25 cents or quarter of a carat by exporters to retain India's position as a global leader in the entire diamond value chain, according to a statement.
66 dead, 51 hurt in Turkey ski resort fire
A FIRE AT a ski resort hotel in Turkey's Bolu mountains killed 66 people and injured 51 others on Tuesday, forcing panicked guests to jump out of windows in the middle of the night.
Major Lenders to Urge RBI to Delay April Liquidity Rule
Some of large lenders are planning to request concessions from the new head of the Reserve Bank of India (RBI) regarding proposed liquidity regulations, arguing the rules could hamper efforts to boost lending, according to people familiar with the developments.
D2C snack brands make global forays
D2C SNACK BRANDS like Go Desi, Beyond Snack, and Sweet Karam Koffee, among others, are making significant strides in international markets.
South Indian Bank posts ₹342-cr profit
SOUTH INDIAN BANK has posted a 12% year-on-year growth in net profit for the third quarter at ₹341.87 crore.
Trump's withdrawal of US from WHO to impact global health
PRESIDENT DONALD TRUMP is pulling the US out of the World Health Organization (WHO), raising concerns about the UN agency's ability to fight diseases and respond to emergencies around the globe without its biggest funder.
JSW Group to invest ₹3L cr in Maha's critical sectors
THE JSW GROUP on Tuesday signed a memorandum of understanding (MoU) with the Maharashtra government at the World Economic Forum (WEF) in Davos to invest ₹3 lakh crore across critical sectors in the state.
OpenAI CFO: Musk shouldn't use legal challenges to compete
OPENAI CHIEF FINANCIAL Officer (CFO) Sarah Friar characterized Elon Musk's legal challenge to stop the ChatGPT maker from becoming a for-profit company as competitive maneuvering.
