Airlines Financial News

New Delhi: InterGlobe Aviation Ltd, which runs India’s largest IndiGo airline, clocked a net profit of ₹188.9 crore in the September quarter as air travel picked up, against a loss of ₹1,583 crore a year earlier. Total income during the period rose 20.6% from a year earlier to ₹15,503 crore, in what is typically a weak quarter for the travel industry. In fact, since IndiGo went public in November 2015, it has recorded a net profit in the quarter only twice—in 2016 and 2017.

Panel on daylight saving time.

Air India on Friday announced that it plans to induct over 30 new planes and operate routes to four new international destinations over the next six months. The Tata-owned airline expects to expand routes to North America, Europe, and Southeast Asia, while also adding more than 400 weekly flights to its domestic and international route network until March 2024, as part of the winter schedule, effective from October 29 to March 30 next year. «Between now and March 2024, Air India expects to induct over 30 wide body and narrow body aircraft to its fleet, including six A350s, four B777s and 20 A320 neos,» it said in a release. The airline expects to receive deliveries of new aircraft over the next six months, which is the impetus for its route expansion.

Jason Steffen has spent his career trying to crack the deepest mysteries of the universe. He’s an astrophysicist who studies exoplanets orbiting distant stars, dark matter and gravitation. In his spare time, he also tackles another impenetrable riddle of the galaxy.

₹6,500 crore, as per a report by The Economic Times. Regulatory clearance for lessors to repossess leased aircraft has made it impractical for banks to commit fresh capital in the maiden instance of voluntary bankruptcy in Indian aviation, it said. Also Read: Go First Lessors Demand Aircraft Deregistration Post Bankruptcy Code Changes The Directorate General of Civil Aviation (DGCA) informed the Delhi High Court via an affidavit that the recent directive exempting aviation leases from the bankruptcy moratorium should be applicable even to companies undergoing insolvency proceedings.

By Byron Kaye

Qantas has slumped behind arch-rival Virgin on all measures of brand trust, pride, “love”, value and transparency, damning confidential figures presented to senior managers show, revealing the extent of damage to the airline’s reputation this year.

The Biden administration has proposed increasing transparency around junk fees, which are hidden or misleading charges that increase the total cost of concert tickets, hotel rooms, and other goods and services

They blamed chemicals used in their uniforms for their health issues.

New Delhi: Mahesh Kumar Malik has resigned from IndiGo as Chief Commercial Officer for domestic cargo, according to a regulatory filing. Malik has resigned with effect from November 1 citing personal reasons.

Mahesh Kumar Malik has resigned from IndiGo as Chief Commercial Officer for domestic cargo, according to a regulatory filing. Malik has resigned with effect from November 1 citing personal reasons.

AMSTERDAM (Reuters) — Airlines without historic rights at Amsterdam's Schiphol airport, including newcomer JetBlue, will not be allocated slots for summer 2024, slot coordinator ACNL said on Thursday.

ACCC chairwoman Gina Cass-Gottlieb said Qantas’ “bundle of rights” defence does not answer the competition watchdog’s main lawsuit claim that the airline misled customers by selling tickets on cancelled flights, and signalled she will not back down from fighting the case in court.

Benchmark NSE Nifty index rose 131.55 points to 19120.7 amid buying in frontline bluechip stocks. However, stocks such as Cantabil Retail, Max Estates, Winsome Yarns, Compuage Infocom and Wonder Fibromats, touched their fresh 52-week low.

By Nate Raymond

Delta Air Lines says the pilot accused of threatening to shoot the plane’s captain during a flight no longer works for the airline

NCLAT on Wednesday adjourned the hearing on the Jet Airways matter to November 9 over the issue of transfer of ownership of the grounded air carrier to the Jalan Kalrock Consortium (JKC). When the matter was called for hearing on Wednesday, Additional Solicitor General N Venkataraman informed the two-member bench that the identical matter is also listed before the Supreme Court for hearing next week on November 7.

₹150 crore of the committed ₹350 crore via a performance bank guarantee. In a subsequent 9 October hearing in the top court, lenders sought confirmation on allegations of fraud investigations against JKC's investor, Florian Fritsch, by European entities. JKC countered, emphasizing their compliance in depositing the promised ₹350 crore.

Boeing has tried for years to turn itself around. Its new best hope is a former executive who had a front-row seat to the jet manufacturer’s struggles. Pat Shanahan, a 30-year Boeing veteran and engineer by training, has taken over as interim chief executive officer of one of Boeing’s biggest and most problematic suppliers.

₹538 crore as part of its ongoing money laundering probe linked to Jet Airways. This includes more than a dozen residential flats, bungalows and commercial premises – located in London, Dubai and several Indian cities.

India has no option other than to grow at 10% to catch up with the scale of China, India’s G20 Sherpa Amitabh Kant on Thursday said that the Indian economy is poised to be a $5-trillion economy. “This is India’s moment. We can go on to be the seventh-largest economy in the world.