IndiGo announces schedule reductions

IndiGo, India's largest airline, has reduced its domestic schedule to match market demand over the next few weeks.

On Sunday 22nd March, in line with the Janata Curfew announced by the Prime Minister on 19th March, the airline will be operating approximately 60% of its normal domestic schedule, in order to accommodate those with urgent travel requirements on that day.

Going forward, responding to the various travel restrictions imposed worldwide, most of our international flights are suspended and additionally, given the reduction in domestic demand, we are trimming our domestic India operations by approximately 25% for now.

In this fluid situation, IndiGo will continually review operations to match capacity to demand.

Shares of InterGlobe Aviation Ltd was last trading in BSE at Rs.870.9 as compared to the previous close of Rs. 908.85. The total number of shares traded during the day was 195026 in over 10194 trades.

The stock hit an intraday high of Rs. 955.65 and intraday low of 836. The net turnover during the day was Rs. 172835038.

Source : Equity Bulls

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