IndiGo CEO Pieter Elbers on Tuesday stated IndiGo’s operations to Istanbul are absolutely compliant with Indian regulatory norms, underlining that the companies are in accordance with the air service agreements between India and Turkey.
On the press convention after saying This autumn FY25 outcomes of InterGlobe Aviation, Elbers stated its flights to Istanbul fall throughout the framework of current government-approved entitlements.
“IndiGo is absolutely compliant with regulatory norms. Operations to Istanbul are within the context of air service agreements between India and Turkey,” Elbers acknowledged.
Based on experiences, the Centre just isn’t anticipated to increase IndiGo’s leasing settlement with Turkish Airways. The present settlement, permitting IndiGo to function plane on the Mumbai-Delhi-Istanbul route, is ready to run out on Could 31.
Since 2023, IndiGo has been utilising two plane leased from Turkish Airways to function routes connecting New Delhi and Mumbai to Istanbul. The flight crew, together with pilots and a few crew members, are supplied by Turkish Airways as a part of the settlement.
Whereas a overview course of is underway, it’s unlikely that the IndiGo-Turkish Airways settlement can be renewed, given the present diplomatic state of affairs.
This choice follows India’s latest efforts to lower industrial ties with Turkey on account of Ankara’s backing of Pakistan throughout Operation Sindoor. As a part of these actions, the Ministry of Civil Aviation not too long ago revoked Turkish agency Celebi’s safety clearance, resulting in the fast transition to Indian floor operations firms at Mumbai and Delhi airports. There’s additionally a rising motion to boycott Turkish Airways, which holds a big presence within the Indian market.
Interglobe Aviation Ltd on Tuesday introduced a revenue of Rs 3,067.5 crore for the quarter ending on March 31, 2025, marking its second consecutive worthwhile quarter. This success may be attributed to the sustained excessive demand for home journey in India.
In comparison with the identical interval final yr, the airline’s web revenue has considerably elevated from Rs 1894.8 crore to Rs 3,067.5 crore. The corporate exceeded the market’s expectations, with three brokerages averaging a projected revenue vary of Rs 2,330 crore to Rs 2,432 crore.
Regardless of falling barely in need of the estimated Rs 22,500 crore, the corporate’s income from operations noticed a notable progress of 24%, reaching Rs 22,151.9 crore from Rs 17,825.3 crore within the earlier fiscal yr.
The corporate recorded a 24% enhance in income from operations, reaching Rs 22,152 crore within the present quarter in comparison with Rs 17,825 crore within the corresponding quarter of the earlier fiscal yr.
Revenue after tax (PAT) noticed a 25% enhance on a sequential foundation, reaching Rs 2,449 crore within the reported quarter in comparison with the earlier quarter. The corporate’s income additionally noticed a slight enhance from Rs 22,111 crore within the October-December quarter of the earlier fiscal yr.
Regardless of a 17% enhance in income to Rs 80,803 crore in FY25, the corporate’s web revenue declined by 11% to Rs 7,258 crore in comparison with FY24, the place the web revenue was Rs 8,172.5 crore. This lower in web revenue may be attributed to a big 17% rise in bills to Rs 76,505 crore in FY25 in comparison with Rs 63,182 crore within the earlier fiscal yr.
