SpiceJet is set to raise over Rs 3,200 crore through a combination of Qualified Institutional Placement, warrants, and promoter infusion. This funding aims to rejuvenate its grounded fleet, address outstanding liabilities, and support the acquisition of new aircraft. Explore how this strategic move could impact the airline’s operations and financial stability.
IndiGo’s Q1 FY25 financial results reveal an 11.7% decline in net profit to Rs 2,728.8 crore, influenced by rising fuel costs, higher forex rates, and increased maintenance expenses due to grounded aircraft. Despite a significant 18% increase in total income, the airline faces challenges from elevated expenses and operational issues. Discover how IndiGo plans to address these hurdles through fleet expansion and other strategic measures while maintaining a stable demand outlook for the remainder of the financial year.