IndiGo registers swift recovery; reaches 80% of pre-COVID capacity
The airline is now the world s seventh biggest by capacity and the largest outside the United States and China, according to data firm OAG
Reuters | January 21, 2021 | Updated 10:36 IST
IndiGo took 44 planes from Airbus SE last year - the most of any customer and topping Delta Air Lines Inc and China Southern Airlines Co Ltd - as it replaced older planes with more fuel-efficient newer models
India s IndiGo has emerged as one of the world s biggest airlines by capacity, aided by a swift recovery in the domestic aviation market to nearly 80% of pre-pandemic levels and the financial strength to boost market share as rivals struggle.
Indigo is the largest airline in India accounting for 59.24 per cent domestic market share.
India s IndiGo has emerged as one of the world s biggest airlines by capacity, helped by a swift recovery in the domestic aviation market to nearly 80 per cent of pre-pandemic levels and the financial strength to boost market share as rivals struggle.
The airline is now the world s seventh biggest by capacity and the largest outside the United States and China, according to data firm OAG. It is a rare bright spot in a battered global aviation industry, providing a lifeline to squeezed lessors and aircraft manufacturers by paying bills on time and in full.
IndiGo announces 5-day domestic sale from Jan 13 to Jan 17, 2021
Posted On: 2021-01-13 23:16:26 (Time Zone: Arizona, USA)
India s leading carrier, IndiGo, announced a five-day special domestic sale across select domestic flights on 6E network. The sale, effective from January 13, 2021 to January 17, 2021, will offer customers all-inclusive fares on domestic flights at starting at INR 877. The sale is valid on travel from April 1, 2021 to September 30, 2021. Change or cancellation fee of INR 500 will be applicable on bookings made during the sale.
Mr. Sanjay Kumar, Chief Strategy and Revenue Officer, IndiGo said, We are very happy to announce our first festive sale of the year till January 17, 2021, applicable across select domestic flights on the 6E network. We are hopeful to see customers booking the seats on offer, with fares starting at INR 877. Customer confidence in air travel has strengthened over the last few months, as it is the safest mode of transport. The advent
Divi’s Lab, one of best performing large-cap stocks, sees wave of bullish calls
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(REUTERS)
Ronojoy Mazumdar
, Bloomberg
Overall in absolute terms, analysts’ average 12-month target price for Divi’s stock has risen about ₹134 in the past four weeks
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Some analysts are turning even more bullish on India’s best-performing large-cap stock in 2020.
In just about two weeks, at least four brokerages have raised their price targets on Divi’s Laboratories Ltd., one of the top producers of active pharmaceutical ingredients, with Jefferies India Pvt.’s estimate which targets a 21% gain over the next 12 months from current levels being the most bullish in data compiled by Bloomberg.