Airlines Financial News

Reuters. BA Flight 165 on its final descent into Tel Aviv’s Ben Gurion airport was diverted back to Heathrow airport after the pilot didn’t felt safe enough to land as there were sirens going off. “Safety is always our highest priority and we've taken the decision to return our Tel Aviv flight to Heathrow," the Reuters report quoted a spokesperson for British Airways as saying.

Israel but he was not aware of any Indian national getting injured or killed in the ongoing fighting between Israeli forces and Hamas militants, Israel's Consul General in Mumbai Kobbi Shoshani has said. Airline operations from India to Israel have been stopped and the Ministry of External Affairs is working to bring back the Indians stranded in his country, he told PTI on Tuesday.

By Rajesh Kumar Singh

Mint explains why insiders expect the current quarter to be historic. India’s air passenger traffic has more than doubled since 2013. Domestic air passenger traffic for April-September 2023 saw a 142% jump to 112.9 million passengers from 46.6 million during the same period in 2013.

₹121,013 per kl in 2022-2023 and at ₹101,833 per kl so far in the current financial year compared with an average of ₹65,368 per kl in 2019-2020. Jet fuel prices in Delhi rose for a fourth consecutive month to reach ₹118,199.17 per kilolitre (kl) on 1 October, a 32% spike since June.

Saudi Arabia, Kuwait, and Qatar. These rights are allocated based on existing bilateral agreements.

Global companies have temporarily shut some operations in Israel and have asked employees to work from home following a devastating weekend attack by Palestinian Islamist group Hamas.

Boeing deliveries of new planes is slumping as the company deals with a series of production problems

(Reuters) — Kerrisdale Capital said on Tuesday it had taken a short position on Joby Aviation over profitability concerns, sending the electric aircraft maker's shares down nearly 5%.

By David Shepardson

₹231 crore. According to media reports, SpiceJet also approached another lessor, Aircastle, to settle their dues against equity but the lessor rejected the proposal. In the case of Willis Lease Finance, the NCLT hearing is in its final stages and a decision is expected soon.

By Mrinalika Roy

Heathrow airport is launching a trial which will allow passengers to pre-book their security slots way ahead of their journey. The trial started om October 3. Heathrow Timeslot is a free service which will give passengers a designated time and entry point to the security search area. This will help reduce the queue times for all the passengers and allow the airport officials to plan resources more effectively. The trial will be live in Terminal 3 for up to six months and will be made available to passengers flying with American Airlines, Delta, Emirates and Virgin Atlantic. Further airlines may be added during the trial. The outcomes of the trial will inform any future extension or roll-out to other terminals, an official press release by Heathrow said. The process of booking the timeslot is easy. Once you are flying with an eligible airline partner, you can book your slot up to three days before your flight. The slot will remain open until 90 minutes before your long-haul flights and until 60 minutes for short-haul flight. To book your slot, you will just need your email address and flight number. You will not be required to go through any registration process. Once you book your slot, you will be sent an email with your booking confirmation and a QR code which you will require to access your slot. The time slot allows for 15 minutes of buffer time. This time slot does not apply for airline's check-in and bag drop queues.

closely monitoring the safety of its employees in Israel amid the ongoing war between Israel and Hamas. “We are monitoring, and have been in touch with the HR (human resources) officials there.

Virgin Australia has recorded its first annual profit in more than a decade after its revenue more than doubled as the airline prepares to relist on the Australian stock exchange next year.

Donald Trump’s longtime finance chief is set to testify as the former president’s civil trial enters its second week

oil prices edged down slightly on Tuesday after gaining more than 4% in the previous session. Gold rose the most since May on increased haven demand after tensions ramped up in the wake of the Hamas attack on Israel. On Monday, gold price on the Multi Commodity Exchange (MCX) for the December 2023 expiry contract opened higher at ₹57,000 per 10 gm levels and went on to hit an intraday high of ₹57,400 levels within a few minutes of commodity market's opening bell.

Wall Street's major indexes closed higher on Monday while energy stocks rallied as investors digested the latest news about the conflict between Israel and the Palestinian Islamist group Hamas. The Israeli military said it called up reservists and was imposing a total blockade of the Gaza Strip in signs it could be planning a ground assault there to defeat Hamas which launched a deadly attack over the weekend. But late in the afternoon, a senior Hamas official said the group is open to discussions over a possible truce with Israel. U.S. President Joe Biden said he directed his team to coordinate with regional partners to warn anyone seeking to take advantage of the situation. News of the conflict sparked an oil rally due to supply concerns.

Major airlines are suspending flights to Israel after it formally declared war following a massive attack by Hamas

Investing.com — The Dow closed higher Monday, as investors bought the early-day weakness after weighing up a more cautious tone rate hike from Federal Reserve officials and rising geopolitical tensions amid fears the Israel-Hamas conflict.  

Investing.com — The S&P 500 climbed Monday, after cutting losses despite rising geopolitical tensions amid fears the Israel-Hamas conflict could spark a wider war in the Middle East.