Interglobe Aviation Ltd

Interglobe Aviation has allotted 34,000 equity shares under ESOS on 08 April 2026. With this allotment, the paid up equity share capital has increased to Rs 386,64,69,980/-.

InterGlobe Aviation rose 9%, while SpiceJet jumped 5%. The rally followed an announcement by Donald Trump that the United States had agreed to a two-week ceasefire with Iran, subject to the safe reopening of the Strait of Hormuz, which carries nearly one-fifth of global oil flows. In commodities, Brent crude for June 2026 settlement dropped $14.93 or 13.66% to $94.34 per barrel, easing cost pressures for airlines. Lower crude prices directly reduce aviation turbine fuel costs, a key expense for carriers, supporting margin expansion. At the same time, easing tensions are expected to normalise flight routes and cut fuel burn after weeks of airspace disruptions. Major transit hubs such as Dubai International Airport, along with Abu Dhabi and Doha, had faced restrictions amid regional airspace closures following recent strikes.

Interglobe Aviation announced that CRISIL has placed its ratings on the bank facilities of the Company on 'Watch with Developing Implications' as detailed below: Long term rating - CRISIL AA-/Watch Developing (Placed on 'Rating Watch with Developing Implications') Short term rating - CRISIL A1+/Watch Developing (Placed on 'Rating Watch with Developing Implications')

Walsh, currently Director General of the International Air Transport Association (IATA), is expected to join IndiGo by 3 August 2026 after completing his tenure. He brings extensive global aviation experience, having previously served as CEO of British Airways and International Airlines Group. The company said Walsh will oversee overall management and strategic direction, with a focus on improving operational performance, expanding network and commercial strategy, and enhancing customer experience. The appointment comes after the departure of former CEO Pieter Elbers, who stepped down on 11 March 2026 following a period marked by operational disruptions, including widespread flight cancellations. IndiGo is India's preferred and amongst the fastest growing carriers in the world. With its fleet of 400+ aircraft, the airline operates around 2200+ daily flights, connecting 95+ domestic and 40+ international destinations, and welcomed 124 million customers in CY25. On a consolidated basis, Interglobe Aviation's net profit declined 77.55% to Rs 549.80 crore while net sales rose 6.16% to Rs 23471.90 crore in Q3 December 2025 over Q3 December 2024.

Walsh, currently director general of IATA (International Air Transport Association), is expected to join IndiGo by 3 August 2026 after completing his tenure at the industry body. He brings decades of global aviation experience, having previously served as CEO of British Airways and International Airlines Group. The company said Walsh will be responsible for overall management and strategic direction, with a focus on strengthening operational performance, expanding network and commercial strategy, and enhancing customer experience. IndiGo is India's preferred and amongst the fastest growing carriers in the world. With its fleet of 400+ aircraft, the airline operates around 2200+ daily flights, connecting 95+ domestic and 40+ international destinations, and welcomed 124 million customers in CY25. On a consolidated basis, Interglobe Aviation's net profit declined 77.55% to Rs 549.80 crore while net sales rose 6.16% to Rs 23471.90 crore in Q3 December 2025 over Q3 December 2024. Powered by Capital Market - Live

Interglobe Aviation announced the appointment of Aloke Singh as Chief Strategy Officer of the Company effective 06 April 2026. More recently, Singh served as the Managing Director and Chief Executive Officer of Air India Express, where he played a pivotal role in the airline's transformation, delivering operational improvements and driving rapid growth. He has previously held senior leadership positions, including in the Strategy domain, at Air India and Oman Air.Powered by Capital Market - Live

The brokerage cut its target price to Rs 5,200 from Rs 6,000, citing rising fuel costs and near-term weakness in traffic from the Middle East region. It now expects EBITDAR of around Rs 13,700 crore for FY26, Rs 15,900 crore for FY27 and Rs 24,400 crore for FY28, reflecting a more cautious near-term outlook. The broker noted that ongoing geopolitical tensions have impacted travel demand, particularly in key Middle East routes, which remain an important market for the airline. The company recently introduced a fuel surcharge on domestic and international flights in response to a sharp rise in jet fuel prices. Amid the evolving situation, IndiGo is operating 252 weekly flights to and from the Middle East between 16 March 2026 and 28 March 2026, as it gradually restores its network. This includes 126 weekly flights to Saudi Arabia, 98 to the UAE and 28 to Oman. Despite near-term pressures, the brokerage highlighted that industry consolidation amid supply constraints could support market share gains for IndiGo. It also pointed to the airline's strong net cash balance sheet as a key strength. InterGlobe Aviation is amongst the fastest growing low-cost carriers in the world. On a consolidated basis, Interglobe Aviation's net profit declined 77.55% to Rs 549.80 crore while net sales rose 6.16% to Rs 23471.90 crore in Q3 December 2025 over Q3 December 2024. Powered by Capital Market - Live

The board of InterGlobe Aviation at its meeting held on 10 March 2026 has taken note of the resignation tendered by Pieter Elbers, Chief Executive Officer. He will be relieved from the service of the Company effective close of business hours on 10 March 2026. Rahul Bhatia, Managing Director, shall in the interim assume management of the affairs of the Company.Powered by Capital Market - Live

InterGlobe Aviation announced that CRISIL has reaffirmed the company's ratings with a 'Positive' outlook assigned to the long-term bank facilities as per details: Long term rating - Crisil AA-/Positive (Removed from 'Rating Watch developing Implications'; Rating Reaffirmed) Short Term Rating - Crisil A1+ (Removed from 'Rating Watch with Developing Implications'; Rating reaffirmed)Powered by Capital Market - Live

InterGlobe Aviation has allotted 200 equity shares under ESOS on 05 March 2026. With this allotment, the paid up equity share capital has increased to 38,66,12,998 equity shares of Rs 10 each. Powered by Capital Market - Live