IndiGo stock gains on codeshare pact with British Airways

Shares of Interglobe Aviation Limited or IndiGo rose 1 per cent to Rs 2,407 in early trade on September 22 after the major airline announced a codeshare agreement with British Airways to enhance India-Kingdom connectivity Older brother.
In the past six months, IndiGo shares have increased 27%. It is the largest of all publicly traded airlines.
Code sharing is a partnership between two airlines that allows one airline to place its two-letter identification code on another airline’s flight schedule. This means flights can be marketed by one airline and operated by another. Through this codeshare, British Airways will add more routes to the existing IndiGo network to improve travel connectivity between India and the UK. From October 12, British Airways will add additional routes from Thiruvananthapuram to London Heathrow via Mumbai, from Rajkot to Heathrow via Mumbai and from Vadodara to Heathrow via Mumbai.
Currently, India’s largest airline has codeshare agreements with Turkish Airlines, Qantas, Qatar Airways, Virgin Atlantic, KLM, American Airlines and Air France.
Speaking on the partnership, Abhijit Dasgupta, Senior Vice President, Network Planning and Revenue Management at IndiGo said, “This step will not only support trade between countries but also provide Convenient travel option for students and tourists.

Additionally, British Airways has announced that all passengers flying with IndiGo will be served a free meal. The airline will also allow a maximum baggage allowance of two checked bags weighing up to 23 kg in economy class for flights to Indio. At 9:20 am, IndiGo was trading at Rs 2,400 apiece, up 0.6% from the National Stock Exchange’s previous close.