InterGlobe Aviation Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × InterGlobe Aviation share price rose 10 percent in early trade on May 26, a day after company announced its March quarter (Q4FY22) earnings. InterGlobe Aviation , the operator of India’s largest airline IndiGo, on May 25 reported 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 … [Read more...] about IndiGo Q4 net loss widens: Should you buy sell or hold InterGlobe Aviation?
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Share to Twitter Share to Linkedin Inflation is becoming a problem. Whether it becomes a long-term structural one or dissipates after the pandemic, no one knows. As the old saw goes, economic forecasts make tarot cards appear respectable. Jack Dorsey recently predicted hyperinflation , an exponential decrease in the value of paper money akin to what happened in the Weimar Republic in the 1920s—or Zimbabwe in 2007 . For that to occur, monetary policy would have to ignore the problem, failing to raise rates as the data required. A Fed that lacks political independence could make this mistake, but it’s a low-probability outcome. Even double-digit inflation—in a throwback to the seventies—is unlikely, but possible. After all, economic conditions, like bellbottoms, go in and out of fashion. The most likely scenario is some prolonged elevation to inflation (in the mid-single digits) as labor shortages and supply-chain problems continue to pressure prices. No … [Read more...] about The Best Inflation Hedge You Already Own
Incredible as it may sound, IndiGo, with half the market operates to almost three-fourths of the airports across the country (Representative Image) Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Interglobe Aviation Ltd surged as much as 10 percent after the company, which flies the countery's largest airline IndiGo, said it is planning to raise fares to return to profit after posting loss in the March quarter. The stock hit a high of Rs 1,808.50 on the BSE, up 10 percent from its previous close. At 10am, the scrip was trading 5 percent up at Rs 1,737 on the BSE. InterGlobe CEO Ronojoy Dutta said profitability was the top-of-the-mind periority for the company. "It's clearly very - you almost have to hit the point - the sweet spot just right, because you can keep pushing up fares and then at a certain point demand … [Read more...] about IndiGo shares jump 10% as airline plans to hike fares with focus on profitability