IndiGo flies high on resuming codeshare agreement with Turkish Airlines

Interglobe Aviation is currently trading at Rs. 1613.60, up by 7.80 points or 0.49% from its previous closing of Rs. 1605.80 on the BSE.

indigo to operate 8 additional evacuation flights under operation ganga
indigo to operate 8 additional evacuation flights under operation ganga

The scrip opened at Rs. 1610.05 and has touched a high and low of Rs. 1617.25 and Rs. 1593.20 respectively. So far 6784 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2379.00 on 16-Nov-2021 and a 52 week low of Rs. 1513.30 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1654.00 and Rs. 1572.60 respectively. The current market cap of the company is Rs. 62185.89 crore.

The promoters holding in the company stood at 74.77%, while Institutions and Non-Institutions held 23.18% and 2.05% respectively.

InterGlobe Aviation (IndiGo) has resumed its codeshare agreement with Turkish Airlines. The codeshare agreement allows each airline to sell seats on other’s flights. Currently, Turkish Airlines operates a daily flight on Delhi-Istanbul and Mumbai-Istanbul routes, whereas IndiGo operates a daily flight on Delhi-Istanbul route and is also planning to add a second frequency from August 2022.

The codeshare allows both airlines to give its passengers more choices. IndiGo already has codeshare agreements with Qatar Airways, American Airlines and Air France-KLM airlines.

InterGlobe Aviation provides air transportation services in India and internationally. The company primarily operates IndiGo passenger airline.

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