Airlines Financial News

₹188.9 crore in the quarter ended 30 September on the back of a rise in income following the recovery in air traffic. In the year-ago period, the company had recorded a loss of ₹1583 crore. However, IndiGo is staring at a second headwind related to engine availability as Pratt & Whitney is set to recall some of its engines starting January, resulting in substantial aircraft groundings.

(Reuters) — Air Lease (NYSE:AL) on Monday cast doubt on whether planemakers Boeing (NYSE:BA) and Airbus would hit their 2023 delivery targets due to quality issues at their suppliers.

Donald Trump has testified in court as a football owner, casino builder and airline buyer

IndiGo plans to start flights to Bali and Medina in the current fiscal as the airline continues to expand its network, its chief Pieter Elbers said on Monday. The airline is «well on track» to achieve the target of carrying 100 million passengers this financial year, he told reporters here.

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Investing.com -- London-listed shares in Ryanair (LON:0RYA) surged on Monday after the low-cost carrier delivered a record annual profit forecast and outlined plans for its first-ever ordinary dividend.

hostage situation at Hamburg Airport has concluded after a grueling 18-hour standoff, as confirmed by local law enforcement. On Saturday night, a 35-year-old man forcefully breached the airport's security barrier, driving his vehicle onto the airport tarmac with his four-year-old daughter aboard, positioning the car beneath a parked plane. Surprisingly, the individual surrendered himself «without resistance,» leading to his immediate arrest, according to the police. In a reassuring update, authorities reported that the child appeared to be physically unharmed during the ordeal, as conveyed through their message on X (formerly Twitter). While the issue was resolved, the incident majorly affected the flight schedules, furthermore causing disruptions for several other flights to and from the airport. As airport operation have gone back to normal, passengers will still continue to experience significant delays.

By Ankika Biswas

Investing.com — European stock markets traded in a subdued fashion Monday, consolidating after last week’s strength as investors looked to central bank speakers for guidance.

Air India has suspended its scheduled flights to Tel Aviv till November 30 amid the tensions between Israel and Hamas militant group in Gaza. Since October 7, the day Hamas militants stormed into Israeli territory and killed hundreds, Air India has not operated a scheduled flight to and from Tel Aviv, reported PTI. ‘Flights to Tel Aviv have been suspended till November 30,’ said an airline spokesperson on November 5.

quoted by others such as Sucheta Dalal: “Shourie then read out the recommendations of several parliamentarians, as well as those of the Standing Committee of Parliament. Lo and behold, they were the same as FICCI's, right down to the etceteras." Shourie asked his audience if it was a case of “Great minds that think alike? Or one great mind that was making everyone think alike?" Clearly it was the latter--Shourie informed the audience that FICCI’s aviation committee was chaired by none other than Naresh Goyal of Jet Airways, who had a vested interest in ensuring that foreign airlines did not control Air India (probably because it could result in serious competition for Jet). Shourie later narrated the incident in Parliament, when he also referred to Goyal as the “so-called" owner of Jet Airways.

InterGlobe Aviation (IndiGo) rose 3% to Rs 2,579.4 in Monday's trade on BSE after the airline operator swung to a consolidated net profit of Rs 188 crore from a loss of Rs 1,583 crore a year ago. Its consolidated revenue from operations increased by nearly 20% YoY to Rs 14,944 crore and was a tad higher than the estimated Rs 14,613 crore. Sequentially though, the bottomline was far lower than the Rs 3,091-crore profit posted in the June quarter, while revenue declined by more than 10% since the second quarter is typically a seasonally weak one for the sector. Earnings before interest, taxes, depreciation, amortization and restructuring or rent costs (EBITDAR), surged to Rs 2,446 crore for the quarter, from Rs 229 crore a year ago. The operating margin subsequently expanded to 16.4% from 1.8% a year ago. At 11.10 a.m., the scrip was trading 1% higher at Rs 2,532.7 on BSE. Should you buy, sell or hold IndiGo's stock? Here's what analysts say: BofA Securities BofA Securities maintained a 'Buy' rating on InterGlobe Aviation and raised the target price to Rs 2700 from Rs 2600 earlier. The Q2 PAT beat was largely driven by one-off reversals of provisions and one-off compensations.

DUBLIN (Reuters) — Ryanair on Monday forecast a record annual profit and promised to pay investors a regular dividend for the first time after fares soared 24% during its key summer season.

L&T on Friday said it will sell its 100 per cent stake in subsidiary L&T Infrastructure Engineering Ltd (LTIEL) to a French entity.This transaction aligns with the company's commitment to focus on its core businesses and assets."L&T...has announced the divestment of its 100 per cent stake in L&T Infrastructure Engineering Ltd ," the company said in a statement.LTIEL is a provider of standalone engineering consultancy services for the infrastructure sector.The stake will be acquired by STUP Consultants Pvt Ltd, a subsidiary of Assystem SA of France.The transaction, which is subject to meeting certain conditions, is likely to be completed before January 15, next year. (PTI)PB Fintech, the parent company of Policybazaar, disclosed its financial performance for the second quarter of fiscal year 2023-24 (Q2FY24) on November 4.

State Bank of India: India's largest commercial bank, SBI reported an 8% year-on-year jump in the net profit as it grew from ₹13,264.5 crore in Q2FY23 to ₹14,330 crore in the quarter under review. The net interest income (NII) of the State Bank of India jumped 12.3% compared to the same period last year, reaching ₹39,500 crore. Additionally, there was a 21.6% growth in other sources of income, bringing it to ₹10,790 crore.

work-life balance in a post-pandemic world. Their preferred destinations: the UK, Dubai and Singapore. Improved airline connectivity and technology have made it convenient to travel and be in constant touch with colleagues and family in India, helping the transition. Key reasons stoking this trend include better infrastructure, quality of life, wealth preservation and growth. Many of these promoters told ET on the condition of anonymity that India is important as a growth market, but many countries outside offer ease of living. Having a professionally run business has helped promoters and their next generation focus on growing their operations and wealth, experts say.

(Reuters) -Scandinavian airline SAS has entered into a new credit agreement for 5.5 billion Swedish crowns ($505.5 million) with U.S. investment firm Castlelake to refinance its loans, increase liquidity and support its exit from voluntary restructuring proceedings, the airline said on Saturday.

Horizon Air captain tells Portland air traffic controllers that an off-duty pilot tried to shut down the jet's engines, but crews managed to get him out of the cockpit. (Photo Credit: Aubrey Gavello/LOCAL NEWS X /TMX) (Audio Credit: LIVE-ATC.NET)

Ray Dalio, founder of Bridgewater Associates, is an ace investor and a self-made billionaire. He started investing in stocks before his teenage years. Before he entered high school, he had already created an investment portfolio running into several thousand dollars. 

Three passengers have sued Alaska Airlines saying they suffered emotional distress after an off-duty pilot allgedly tried to shut down the engines of a flight from Washington state to San Francisco

The Young and the Restless star Eric Braeden had some choice words for Air Canada, ripping into the airline over social media about his son’s recent “dismal” flying experience.