Indigo 30 Airbus A350-900 Widebody Aircraft Order Update

InterGlobe Aviation Limited i.e. Indigo has placed an order to buy 30 Airbus A350-900 aircraft. Through this, budget airline Indigo will enter the wide-body aircraft segment. Today i.e. on April 25, the company has given this information in its exchange filing.

The airline said that these aircraft are fitted with Rolls-Royce Trent XWB engines. IndiGo expects deliveries of these wide-body aircraft to begin from 2027. This will help the airline to expand its network. These aircraft are fuel efficient.

Apart from the purchase of 30 aircraft, IndiGo has also signed for the right to purchase 70 additional A350 aircraft. With the new aircraft the airline will be able to operate ultra-long-distance flights. This will bring it into direct competition with Air India.

Indigo has a fleet of more than 350 aircraft Indigo has a fleet of more than 350 aircraft. With its fleet, IndiGo operates more than 1900 flights daily. This airline covers 81 domestic destinations and 32 international destinations.

IndiGo has the highest market share of 60% in India, which wants to double its capacity by 2030 and expand its network internationally.

Indigo shares gave returns of more than 28% this year Indigo shares have given a return of 28.25% so far this year (YTD). At the same time, the stock has risen 58.36% in the last 6 months. Today Indigo shares closed at Rs 3,820 with a rise of 2.08%.

IndiGo’s net profit in the third quarter was ₹2,998 crore In Q3FY24 i.e. October-December quarter, IndiGo’s net profit increased by 110.7% year-on-year to ₹2,998 crore. In the same quarter last year, IndiGo had registered a net profit of Rs 1,422.6 crore.

The company’s revenue from operations in Q3FY24 increased by 30.26% year-on-year to Rs 19,452 crore. It was Rs 14,933 crore in the same period of the last financial year. The company generated revenue of ₹17,157 crore from ticket sales in the third quarter. There has been a growth of about 30.30% compared to the same quarter last year.

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