InterGlobe Aviation Ltd, operating as IndiGo, has reportedly adjusted its pricing for various domestic flight services. Sources indicate that these changes, which include higher fees for infants, excess baggage, and the airline's Fast Forward priority service, became effective recently. The news has put IndiGo shares under scrutiny, with the stock seeing an 8% decline over the past month.
New IndiGo Service Charges Detailed
The domestic infant fee has seen a significant increase, moving from Rs 2,000 to Rs 3,000 per infant per sector. This charge applies to infants aged between three days and two years who travel on an accompanying adult's lap without a separate seat. IndiGo policy permits one infant per adult passenger.
Passengers exceeding the standard 15 kg free checked baggage allowance on domestic flights will now face higher charges. The per-kilogram fee for excess baggage paid at the airport has risen from Rs 700 to Rs 800. Travelers can still pre-book excess baggage online or via the call center, potentially at a discounted rate.
Charges for IndiGo's 'Fast Forward' service, which grants priority check-in and early boarding, have also been revised upwards. This optional add-on allows eligible passengers to bypass standard queues. The airline's website currently lists the domestic airport charge for this service at Rs 650 per person per sector, with pre-booking options offering route-dependent discounts.
Market Reaction and Brokerage Outlook
Despite a recent single-day uptick of 2.32%, IndiGo's shares have shown an 8% downturn in the last month. Brokerage firms have offered mixed outlooks: HSBC and Ambit Capital maintain 'Buy' recommendations with target prices of Rs 6,040 and Rs 5,300, respectively. Conversely, InCred Equities has suggested a 'Reduce' rating, setting a target of Rs 4,420.