IndiGo Resumes Normal Operations After December Flight Disruptions; Goldman Sachs Maintains Buy

Goldman Sachs trimmed IndiGo's target price, citing forex losses and voucher costs, but remains positive on the airline’s dominant position, low costs, and growing passenger base.

(Photo: Vijay Sartape/NDTV Profit)

IndiGo Airlines, India’s largest carrier, has stabilised operations after a turbulent start to December, according to Goldman Sachs’ latest note. The airline had cancelled an average of around 800 domestic flights daily between December 3-7, but has now resumed normal flight operations with 2,000-2,200 flights daily. Daily domestic passenger volume stands at 460,000-490,000.

Also Read: Winter Travel Advisory By IndiGo And Delhi Airport: What Travellers Need To Know

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WRITTEN BY
Divya Prata
Divya Prata is a desk writer at NDTV Profit, covering business and market n... more
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