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Indigo Books and Music Inc (IDG.TO)

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Tue, Jun 2 2020

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IndiGo to cut costs, phase out older planes to tackle coronavirus

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.

UPDATE 2-IndiGo to cut costs, phase out older planes to tackle coronavirus

* Parent Interglobe Aviation plunges to quarterly loss (Adds details from conference call, executive comments)

IndiGo parent Interglobe posts quarterly loss as costs rise, pandemic hits

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.

MEDIA-Indian airline IndiGo reverses pay cuts despite virus pressure- Bloomberg News

-- Note: Reuters has not verified this story and does not vouch for its accuracy

Coronavirus sees India's biggest airline cut employee pay - internal memo

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.

Coronavirus sees India's biggest airline cut employee pay - internal memo

* Company does not immediately respond to request for comment

BRIEF-Indigo To Temporarily Close All Retail Locations Until March 27

* INDIGO TO TEMPORARILY CLOSE ALL RETAIL LOCATIONS UNTIL MARCH 27, 2020

Indigo says January-March quarterly profit to be hit by coronavirus outbreak

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.

Indigo says Jan-March quarterly profit to be hit by coronavirus outbreak

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.

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