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IndiGo jostles with US-based Delta for most valuable airline tag

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New Delhi, April 10: India’s biggest airline, IndiGo, overtook US-based Delta Airlines to become the world’s most valuable airline with a market capitalisation of $23.24 billion for a brief period, according to Bloomberg data.

IndiGo’s share price soared to a peak of Rs 5,265 during the day on Wednesday, taking the airline’s market cap past Delta’s $23.18 billion. The lead was short-lived, and by market close, IndiGo’s valuation slipped to $23.16 billion to end up in the second spot, a wee bit below Delta’s.

On Thursday morning, IndiGo shares were trading at Rs 5149.9 on National Stock Exchange. Shares of IndiGo have gained around 13 per cent so far this year, even as the broader Indian market suffered a slump due to external uncertainties.

IndiGo is currently the market leader in India with a 62 per cent share of the market pie.

IndiGo Airlines has also emerged as the world’s second fastest growing airline in terms of seat capacity, which increased by 10.1 per cent year-on-year to over 134.9 million seats in 2024. India’s largest airline has been ranked next only to Qatar Airways, which clocked a 10.4 per cent growth in seat capacity over the previous year, according to the latest data from Official Airline Guide (OAG).

IndiGo has also been ranked as the fastest-growing airline in the world in terms of flight frequency growth at 9.7 per cent year-on-year in 2024. The airline recorded a flight frequency of 749,156 for the year, the figures show.

OAG has also recorded that IndiGo holds one of the world’s largest aircraft orders, with over 900 aircraft on order, and was the largest recipient of 58 new Airbus aircraft during 2024. However, it also states that the airline does have a large proportion (approx. 80 aircraft) inactive with MRO-related supply chain issues.

While 88 per cent of IndiGo’s capacity is allocated to domestic markets, international growth is a key part of the airline’s strategy, with expansion during 2024 focused on regional Middle East markets and Thailand.

Long-term ambition for IndiGo includes the development of long-haul low-cost services – the airline is apparently considering bringing forward launch plans with wet lease aircraft identified for 2025.

IndiGo reported a net profit of Rs 2,449 crore in the Oct-Dec quarter of the current financial year ending on March 31, 2025. This represented an 18 per cent decline over the corresponding figure for the previous financial year. However, the airline’s revenue from operations increased 14 per cent to Rs 22,111 crore during the quarter.

IndiGo’s total income for the quarter was Rs 22,992.8 crore, which was a 14.6 per cent increase from the same period in the previous year.

The airline’s total expenses for the quarter were Rs 20,465.7 crore, which was a 19.9 per cent increase from the previous year.

The airline’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 0.7 per cent year-on-year to Rs 5,178.6 crore.

IndiGo’s load factor for the quarter stood at 86.9 per cent, which was higher than the 85.8 per cent in the same period in the previous year.

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‘True spirit of friendship’ between India and Iran hailed after rescue of kidnapped citizens

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Tehran, June 4: India on Wednesday thanked the Iranian government for its swift and effective efforts in securing the release of three kidnapped Indian citizens, emphasising that the timely support reflects “true spirit of friendship” that exists between the two nations.

“The three kidnapped Indian citizens have been safely rescued and are now under the care of the Embassy of India, which is facilitating their early repatriation. We sincerely thank the Government of Iran for their swift and effective efforts in securing their release,” the Embassy of India in Iran posted on X.

“Your support reflects the true spirit of friendship between two nations,” it added.

Late Tuesday, the Embassy of Iran in India confirmed that Tehran police had freed the missing individuals, citing a report from Media.

“Three missing Indian citizens freed by Tehran police. Local media in Iran say police have found and released three Indian men who had gone missing in Iran,” the Iranian Embassy stated.

The trio was reportedly rescued following a police operation targetting the hostage-takers in Varamin in south Tehran, Media reported.

According to reports, the three Indian men – all hailing from Punjab and identified as Jaspal Singh, Hushanpreet Singh, and Amritpal Singh – had disappeared shortly after landing in Tehran on May 1.

They were reportedly on their way to Australia after being promised lucrative jobs by a local travel company.

The Indian Embassy in Tehran had issued a statement on May 28, following an approach by the family members of the missing men, who expressed serious concern over their relatives’ sudden disappearance.

The statement read, “Family members of three Indian citizens have informed the Embassy of India that their relatives are missing after having travelled to Iran. The Embassy has strongly taken up this matter with the Iranian authorities and requested that the missing Indians should be urgently traced and their safety should be ensured. We are also keeping the family members regularly updated on the efforts being made by the Embassy.”

Reports also suggested that the families received ransom demands of Rs one crore from unknown individuals, with the threatening calls originating from Pakistani phone numbers.

The details raised serious alarm, prompting swift diplomatic engagement from both sides.

The Iranian Embassy in India, responding to the developments, stated that the case was being closely followed by the Consular Affairs Department of Iran’s Ministry of Foreign Affairs.

The Embassy also issued a warning to Indian citizens, advising them “not to be deceived by the promises of unauthorised individuals or illegal Indian agencies offering travel to other countries.”

India has also previously issued travel advisories for its nationals travelling to Iran, urging them to exercise caution, remain in contact with the Indian Embassy in Tehran and consulates, and avoid engagement with unverified travel agents or intermediaries.

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Indian Hajj mission deploys assisting teams for pilgrims’ Mina journey

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Riyadh, June 4: Indian Hajj pilgrims are assisted by ‘Team India’ officials as the movement to Mina from Mecca begins, marking the start of the Five-Day Core Hajj Period in Saudi Arabia.

The team, in coordination with Saudi Authorities, is facilitating a smooth journey for all the pilgrims, underscoring India’s commitment to ensuring the well-being of all its citizens.

“Movement of Hajj pilgrims to Mina started today! ‘Team India’ officials are on duty to facilitate the movement of Indian Hajj pilgrims to smoothly avail the transport services to reach their designated camps in Mina,” the Indian Hajj Pilgrims office posted on X on Wednesday.

Indian officials were assisting vulnerable Hajj pilgrims in catching buses to Mina.

Union Minister of Minority Affairs Kiren Rijiju extended wishes to the Indian pilgrims performing Hajj and ensuring assistance to them as the journey to Mina begins.

“My heartfelt wishes to all Indian pilgrims performing Hajj this year. Our Hajj Mission, led by officials & teams, is fully prepared in coordination with Saudi authorities. Admin and medical teams will be present in all Mina camps. For any assistance, use the Hajj Suvidha App or toll-free numbers. May your Hajj be smooth, blessed and spiritually fulfilling,” Rijiju posted on X.

Earlier on Monday, India’s Ambassador to Saudi Arabia, Suhel Ajaz Khan, addressed the Indian Hajj pilgrims ahead of the core rituals.

He extended his best wishes and assured them of full support, highlighting the presence of administrative and medical deputationists to assist pilgrims throughout the journey.

Meanwhile, India’s Consul General of Jeddah Fahad Ahmed Khan Suri chaired a briefing on arrangements for medical care and assistance in the Mashaer Region (Tent city of Mina and plains of Muzdalifah & Arafat) for Indian Hajj Pilgrims.

The session was attended by the Indian Consul (Hajj), Muhammed Abdul Jaleel, and officials, doctors and nurses from ‘Team India’ deployed in Hajj 2025.

Last week, Indians who embarked on Hajj pilgrimage appreciated the arrangements and quality of facilities offered by the Indian government to ensure a smooth and seamless journey for all in Saudi Arabia.

“Indian pilgrims who went for Hajj 2025 through the Hajj Committee of India are very happy with the management of the Government of India and the facilities being provided there. It is the constant endeavour of the Ministry of Minority Affairs to ensure a comfortable and dignified journey for every Hajj pilgrim,” the Ministry of Minority Affairs posted on X.

Additionally, Union Minister of State for Minority Affairs, George Kurian also highlighted the dedicated efforts of the Centre in ensuring a smooth and successful Hajj for pilgrims.

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Australian scientists use underwater robots to explore remote reefs in South Pacific expedition

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Sydney, June 3: Australian scientists are using cutting-edge underwater robots to explore remote and largely uncharted reef systems in the South Pacific, the University of Sydney said on Tuesday.

As part of a major international expedition, Australian scientists are mapping deep-sea habitats and biodiversity near Norfolk Island, an isolated Australian territory 1,600 km northeast of Sydney, one of the South Pacific’s most ecologically important regions, according to a university press release.

Its location and mix of tropical and temperate ecosystems make it key to tracking species shifts and climate change impacts, the release said.

Equipped with high-resolution cameras and sensors, the Autonomous Underwater Vehicles are capturing thousands of images to create 3D maps of the seafloor and document marine life in unprecedented detail, it said, adding underwater robots serve as the eyes and hands of scientists, safely exploring deep-sea areas beyond the reach of human divers.

“It’s the first time that parts of the seabed in the Norfolk Ridge will be imaged in this detail,” said Stefan Williams from the University of Sydney’s Australian Center for Robotics.

The expedition unites scientists from Australia and New Zealand to map the seafloor and collect marine specimens such as fish, corals, molluscs and algae to enhance knowledge of regional biodiversity, the researchers said.

“Norfolk Island is a key oceanic stepping stone for species between tropical New Caledonia and temperate New Zealand,” said Shane Ahyong, acting chief scientist at the Australian Museum Research Institute, leading the second phase of the Norfolk Island scientific expedition.

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