Page 4 - Airline Industry

Malaysia's AirAsia Group reviewing India investment, hints at possible exit

Operations in India, like those of its now-shuttered Japan business, have been draining cash and adding to the group's financial stress

Govt to increase cap on domestic flights to 70-75% of pre-Covid levels soon

The ministry had said last week that Indian carriers can operate a maximum of 60 per cent of their pre-Covid domestic passenger flights till February 24 next year

Former Mumbai Airport executive Sanjiv Taneja to be new SpiceJet CFO

Joins the airline at a time when the company has been hit hard by ongoing coronavirus pandemic which has by now grounded several carriers across the world

Alliance Air makes first operating profit in 2020; net loss at Rs 201 crore

National carrier Air India's wholly-owned subsidiary Alliance Air on Thursday reported an operating profit of Rs 65.09 crore in FY20.

Changi airport, world's best, warns of 'daunting' future in raging pandemic

According to the International Air Transport Association, 25 million jobs are at risk in airlines and associated businesses such as travel and tourism

Qatar Airways reports $1.9 bn loss as Covid-19 hammers aviation industry

The airline also disclosed it had received a 7.3 billion riyal advance from its owner, the government of Qatar, after March that has since been converted into new shares

Air India to fetch better valuation if sold with zero debt, say bidders

Debt-free airline is a good opportunity to invest, say prospective buyers

Covid-19 impact: AAI likely to slip into red for first time in FY21

However, Miniratna firm won't cut planned capex of Rs 5,000 cr for FY21

'No champagne': Flying Business Class feels like Economy in Covid-19

Efforts to minimize human interaction and reduce the risk of infection are taking the shine off the most expensive seats onboard commercial aircraft

Difficult to avail loan restructuring under Kamath panel: Airline execs

Getting working capital loans will also become difficult as there is no certainty when the passenger flow will pick up

Vistara introduces three days of leave without pay for pilots in September

The three-days leave without pay (LWP) measure for pilots is in addition to a cut in monthly base flying allowance

IndiGo flies into the red on Covid curbs, posts loss of Rs 2,843 cr in Q1

Posts loss of Rs 2,843 cr in Q1FY21 against PBT of Rs 1,509 cr Q1FY20

UK makes 14-days quarantine mandatory for travellers, airlines protest

"These measures are disproportionate and unfair on British citizens as well as international visitors arriving in the UK," the statement reads

Flying on clipped wings

Capping airline fares is unnecessary

Covid-19 lockdown: Airlines go for cuts again as grounding may extend

With indications of a longer period of air transport grounding, many airlines are looking at further cuts in employee salary.

Covid-19: India told airlines to stop selling tickets, but they wouldn't

Four of the country's top six airlines, which together control 80 per cent of the local market, are selling domestic flight tickets for as soon as the third week of May

Airlines seek 6 month lease rent deferral, rates reduction to cut costs

Aircraft lease rentals account for around 15 per cent of an airline's overall expense and since these are paid in dollars are also subject to currency fluctuation.

Tour operators demand full refund of air tickets booked during lockdown

The nationwide lockdown to curb spreading of coronavirus infections has been extended till May 3. Initially, the lockdown, which began from May 25, was to end on April 14

Covid-19: Full refund if you booked air tickets from March 25 to April 14

Many have been complaining on social media as airlines have decided not to give refunds in cash for cancelled flights and are instead issuing credit for future travel.

Experts, passenger associations want airlines to stop advance bookings

All airlines except Air India were accepting bookings for domestic flights beyond April 14 but now those would be cancelled as government extended the lockdown.