Particle.news
Download on the App Store
27 ARTICLES
·
last wk.

IndiGo Reports Record Q4 Profit, Announces Dividend and Long-Haul Expansion

The airline achieved a 62% profit surge, proposed a Rs 10 per share dividend, and plans to debut direct flights to Manchester and Amsterdam in July.

Image
Image
Image
The IndiGO CEO’s remarks came days after the Bureau of Civil Aviation Security (BCAS) revoked security clearance for Turkish company Celebi Airport Services India Pvt Ltd on May 15, citing national security concerns. (Pic used for representation)

Overview

  • IndiGo posted its highest-ever Q4 net profit of Rs 3,067.5 crore, a 62% year-on-year increase, driven by strong air travel demand and operational efficiency.
  • The airline's board recommended a Rs 10 per share dividend for FY25, pending shareholder approval at the upcoming annual general meeting.
  • IndiGo plans to launch its first direct long-haul flights to Manchester and Amsterdam in July, utilizing leased Boeing 787-9 aircraft.
  • CEO Pieter Elbers reiterated compliance with Indian regulations regarding Turkish Airlines-leased planes, while the government reviews lease renewals set to expire on May 31.
  • The Pakistan airspace closure caused minor operational disruptions, but IndiGo expects passenger bookings to recover by June.