Indigo Books and Music Inc (IDG.TO)
Tue, Jun 2 2020
NEW DELHI/BENGALURU IndiGo, India's biggest airline, plans to cut up to 40 billion rupees ($533 million) in costs and speed up the return of older planes to leasing companies as it grapples with the fallout from the coronavirus pandemic.
* Parent Interglobe Aviation plunges to quarterly loss (Adds details from conference call, executive comments)
BENGALURU, June 2 Interglobe Aviation Ltd , which runs India's largest airline Indigo, reported a quarterly loss on Tuesday as its expenses rose and the COVID-19 pandemic hit operations.
-- Note: Reuters has not verified this story and does not vouch for its accuracy
NEW DELHI India's biggest airline IndiGo has cut the salaries of most employees by between 5% and 20% in response to the coronavirus outbreak, which has paralysed air travel and dented its revenues, an internal memo seen by Reuters said.
* Company does not immediately respond to request for comment
* INDIGO TO TEMPORARILY CLOSE ALL RETAIL LOCATIONS UNTIL MARCH 27, 2020
NEW DELHI India's biggest airline IndiGo expects its Jan-March earnings to be materially impacted due to a sharp decline in daily bookings because of the outbreak of coronavirus, the company said in a statement on Wednesday.
NEW DELHI, March 11 India's biggest airline IndiGo expects its Jan-March earnings to be materially impacted due to a sharp decline in daily bookings because of the outbreak of coronavirus, the company said in a statement on Wednesday.
Exclusive: India antitrust investigators see no evidence of collusion by IndiGo, SpiceJet and others - sources
NEW DELHI Investigators with India's antitrust watchdog have found no evidence that the country's biggest airline, IndiGo, and four rival carriers colluded to fix ticket prices, three sources with direct knowledge of the matter told Reuters.