HomeNewsBusinessIndiGo to conduct internal study on how to better handle specially abled passengers: CEO
Trending Topics
Sensex Live
Fujiyama Power Systems IPO
Excelsoft Technologies IPO
Sudeep Pharma IPO
Gold Price

IndiGo to conduct internal study on how to better handle specially abled passengers: CEO

The aviation regulator DGCA had last week imposed a fine of Rs 5 lakh on the airline for denying boarding to a specially abled child at Ranchi airport on May 7.

PTI
June 01, 2022 / 10:11 IST
Story continues below Advertisement
Remove Ad
Interglobe Aviation | The stock rose over 9 percent despite the company reporting a consolidated net loss of Rs 1,681.80 crore for the quarter ended March 2022 (Q4FY22), due to a surge in aircraft fuel expenses. The company had posted a net loss of Rs 1141.98 crore in the corresponding quarter of the previous fiscal. Revenue of the company jumped 29 percent from a year ago to Rs 8,020.75 crore versus Rs 6,222.95 crore logged in the same quarter last year. Its passenger ticket revenues came in at Rs 6,884.70 crore, up 38.4 percent, while ancillary revenues stood at Rs 1,058.30 crore, up 18.8 percent over the same period last fiscal. Research firm Credit Suisse has maintained outperform call on the stock and cut target price to Rs 2,200 from Rs 2,500 per share. JPMorgan has upgraded the stock to overweight and raised the target to Rs 2,000 from Rs 1,825 per share.
Interglobe Aviation | The stock rose over 9 percent despite the company reporting a consolidated net loss of Rs 1,681.80 crore for the quarter ended March 2022 (Q4FY22), due to a surge in aircraft fuel expenses. The company had posted a net loss of Rs 1141.98 crore in the corresponding quarter of the previous fiscal. Revenue of the company jumped 29 percent from a year ago to Rs 8,020.75 crore versus Rs 6,222.95 crore logged in the same quarter last year. Its passenger ticket revenues came in at Rs 6,884.70 crore, up 38.4 percent, while ancillary revenues stood at Rs 1,058.30 crore, up 18.8 percent over the same period last fiscal. Research firm Credit Suisse has maintained outperform call on the stock and cut target price to Rs 2,200 from Rs 2,500 per share. JPMorgan has upgraded the stock to overweight and raised the target to Rs 2,000 from Rs 1,825 per share.

IndiGo will conduct an internal case study on how to better handle specially abled passengers, especially when they are feeling distressed, its CEO Ronojoy Dutta has said.

The aviation regulator DGCA had last week imposed a fine of Rs 5 lakh on the airline for denying boarding to a specially abled child at Ranchi airport on May 7.

Story continues below Advertisement
Remove Ad

IndiGo had on May 9 said the boy was denied permission to board the Ranchi-Hyderabad flight as he was visibly in panic.

PTI
first published: Jun 1, 2022 10:09 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Follow Us On: Facebook twitter instagram linkedin telegram youtube
News
Business New Market New Stocks Income Tax Calculator Election Schedule 2024 India News Economy Mutual Funds Personal Finance IPO News Startups New USA Elections New
Features
Gold Rate Today Silver Rate Today Trending News Startups New National News MC Videos MC You Tube
Tools
SIP Calculator 2 SIP Calculator 3 SIP Calculator 1 New SIP Calculator 4
Specials
PowerYourTrade Master Your Money Game Changers
Network 18 Sites
News18 Firstpost CNN News18 CNBC TV18 Forbes History TV18
Personal Finance
Home Loans up to 50 Lakhs Credit Cards Lifetime Free Finance Tracker Fixed Deposits Fixed Deposit Comparison Fixed Income Account Aggregator
Quick Links
About Us New Contact Us Advisory Alert New Advertise with Us New Disclaimer Privacy Policy Cookie Policy Terms & Conditions Careers Financial Terms (Glossary) Analytical & Information Tool New
Download MC Apps:

Copyright © Network18 Media & Investments Limited. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.