Airlines Financial News

Delta Air Lines wants a do-over for changes it recently announced in its frequent-flyer program

Portugal's government says it plans to privatize flag carrier TAP Air Portugal next year

Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here! Later, a physician onboard offered assistance, Tomar said. “She diagnosed my injury as a second-degree burn and attempted to provide care. However the flight lacked essential medical supplies, and the treatment was far from ideal I endured severe pain for nearly two hours in flight with no pain medication or proper first aid kit available." As the flight approached its destination, “I was left to tend to my injured leg on my own", she claimed, adding that the crew also did not attend to her aged mother-in-law and 7-year-old son after the landing, despite her request.

Manish Malhotra to design new uniforms for the airline's more than 10,000 flight crew, ground staff and security personnel. «This is a further step in the manifestation of Air India's new global brand identity as part of its ongoing modernisation programme.

Boeing’s global president and chief executive Dave Calhoun says the backlog of orders for new passenger aircraft is not going to ease any time soon, with the waitlist stretched well into the 2030s.

(Reuters) -Ryanair announced on Thursday cuts to its winter schedule due to delays in the delivery of Boeing (NYSE:BA) aircraft, but Europe's largest airline by passenger numbers said its full-year traffic forecast was unaffected «as yet».

Akasa Air in August, days before he died, it was considered a gamble, given the highly challenging aviation sector in India. But in less than a year, when it was 11 months old, it overtook SpiceJet in terms of domestic market share in June 2023. While Akasa flew 6.2 lakh passengers last month, SpiceJet was at 5.5 lakh.

(Reuters) — European shares edged higher on Thursday, supported by gains in energy stocks as oil prices rallied while investors awaited inflation data from Germany, the euro zone's biggest economy.

Yatra Online made a disappointing debut on the exchanges on Thursday as its shares got listed at a significant discount. Shares of the online travel company listed on NSE at Rs 127, a discount of 10.2% to the issue price of Rs 142, while on BSE, the stock debuted at Rs 130, a discount of 8.4%. However, at 11.57 a.m., the stock was trading 5.3% higher at Rs 136.9 on BSE. «As expected, the Yatra Online IPO saw a tepid listing today and is trading close to the issuance price of Rs 142 per share. However, we believe that the strong growth in the tourism industry will help the share of the online travel market (OTA) to increase at a faster pace than captive players,» Prathamesh Masdekar, Research Analyst at StoxBox, said. «With a technology-driven business which would see benefits of operating leverage coming into play with a larger volume of business, we expect an improvement in the company's profitability going forward.

Transport Minister Catherine King acted against the advice of her department in refusing to open negotiations with Qatar over expanding a bilateral air rights agreement before abruptly blocking the request nearly a year after it was first tabled.

A senior Qatar Airways executive has told an Australian Senate inquiry that there will be no repeat of an incident at Doha’s international airport in 2020 in which female passengers were subjected to invasive gynecological examinations

The competition watchdog’s former chief Rod Sims says it is “outrageous” that Qantas and Virgin Australia have substantial shareholdings in the company that ultimately polices which airlines take off and land at Sydney Airport.

₹21 crores from each of the pilots as damages and an additional ₹18 lakhs for breach of the company’s contract. Pertinently, the airline has also asked the court to direct the pilots to serve their mandatory notice period. The major contention of the pilots was that the Bombay High Court did not have the jurisdiction to rule in the matter.

LISBON (Reuters) — Sustainable aviation fuel (SAF) is likely to stay more expensive than kerosene even when large-scale production kicks in and the cost won't deter airlines from their carbon emission targets, International Air Transport Association (IATA) head Willie Walsh said.

Civil Aviation (DGCA) can act against pilots who have no been compliant with civil aviation requirements (CAR). In a relief to Akasa Air, it further held that there are no restrictions on the DGCA to take action against pilots in case of default. The aviation regulator previously informed the Delhi HC that it lacks the authority to intervene in the employment agreements between pilots and airlines, in response to a plea by budget airline Akasa Air seeking action against those who left without serving their mandatory contractual notice period.

RedboxGlobal India on 27 September. Apart from the World Cup 2023, the tenure also coincides with the seasonally strong 3Q for the hospitality industry and the same is likely to benefit both hotels and airlines sectors (including IHCL, and Indigo) in 3Q, said the firm. In the 46 days, 48 matches will take place in 10 different cities in India, where 10 countries are participating.

Qatar Airways says it was “surprised and shocked” that an application to lift services to Australia was rejected by the Albanese government, and told a senate inquiry it did not believe it had been given good reasons the decision.

More than 145 people go missing in Australia every day. But attention is rarely given to the several thousand loved ones who have been left behind.

Air India CEO Campbell Wilson said that notice period and an employment bond for pilots is justified only when an airline has invested in training those pilots in a specific aircraft type. “I think if an airline is investing in training people, then it's quite common practice that there is some sort of bond with the organization and if someone leaves before the agreed period, there is a compensatory mechanism for the airline that has invested. This is quite different when the pilot has been already trained by someone else and you pick up because you have a desperate need because you have not prepared or invested in increasing capability,” Wilson said when asked if there should be a notice period for pilots. Wilson’s comment comes in backdrop of Akasa Air filing cases against Boeing 737 pilots which it said resigned without serving notice period of six months.

Air India is set to give its crew a fresh new look as it prepares to welcome its first wide-body A350 aircraft this year, according to sources. This development coincides with the airline's ongoing rebranding efforts and the merger of Vistara into its operations. Details regarding the new crew uniforms are still under discussion, as insiders are actively involved in the planning process.

Singapore Airlines on Tuesday said it aims to complete the merger of Vistara with Air India «as soon as possible» subject to remaining approvals from relevant authorities. Once the proposed merger, which was approved by the Competition Commission of India (CCI) on September 1, is complete, Singapore Airlines will have a 25.1 per cent stake in Air India.