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With most planes still grounded, IndiGo shifts focus to costs

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Overall, Indigo reported a loss of about ₹870 crore, although this is better than the Street’s forecast Until last year, there was a lot of excitement for shares of InterGlobe Aviation Ltd, which runs IndiGo airlines..

InterGlobe shares had touched a 52-week high of Rs1899 a piece in September on NSE, on the back of strong capacity growth. But things are now moving in the opposite direction with covid-19, with capacity expected to be trimmed.

While it didn’t give a clear guidance on capacity, the company said it will return 120 A320CEOs over the next two years, and replace them with A320NEOs, although the pace of replacement will depend on the trend in revenues.

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India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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