Airlines Financial News

21.09 / 18:45

Aviat Airlines Strategy country Inside travelers Indian Inside indian aviation’s high-stakes battle

₹30,231 crore. In an ideal world, bilateral rights are supposed to help airlines from both sides. It allows airlines from respective countries to operate flights within a quota.

21.09 / 18:23

COST UPS Airlines economy country reports Worries are rising about inflated profit expectations on Wall Street

Corporate profits may have already hit bottom: After falling for much of the last year, S&P 500 companies are expected to report 0.2% profit growth for the summer

21.09 / 16:01

UPS Provident FIVE Airlines economy travelers IndiGo, British Airways sign codeshare pact

New Delhi: India’s largest airline IndiGo has signed a codeshare partnership with UK flag carrier British Airways InterGlobe Aviation-promoted IndiGo currently has codeshare partnerships with Turkish Airlines, Qatar Airways, Qantas, Virgin Atlantic, KLM, American Airlines, and Air France. Under a codeshare agreement, airlines agree to sell seats in each other's flights in order to provide their respective customers a wider network. With this codeshare partnership with IndiGo, British Airways will now be able to add three additional routes to their existing network, including Rajkot to London Heathrow via Mumbai, Vadodara to London Heathrow via Mumbai and Thiruvananthapuram to London Heathrow via Mumbai.

21.09 / 13:14

Provident Booking Airlines President country travelers IndiGo, British Airways enter into new codeshare partnership

IndiGo and British Airways have signed a codeshare agreement to further boost connections between India and the UK. The two airlines announced their codeshare agreement on Thursday. Through this partnership British Airways will add its code onto a couple of destinations across IndiGo’s network that would allow customers to enjoy improved connectivity between India and the UK for travel from October 12, the airline said. Abhijit Dasgupta, senior vice president – Network Planning and Revenue Management, IndiGo, said, “We are excited to announce our codeshare agreement with British Airways.

21.09 / 12:19

COST Provident FIVE Aviat Action Airlines regulatory India’s pilot shortage is compounded by regulatory overreach, unplanned growth

₹21 crore in damages from the pilots for failing to serve the mandatory notice period of six months for pilots and one year for commanders. Damages have been sought on account of revenue loss caused by cancelled flights, reputational loss to the airline, and the costs it had incurred on training the pilots. The airline simultaneously moved the Delhi High Court, asking it to take action against the pilots.

21.09 / 10:57

COST UPS Booking CEO Airlines pandemic travelers Frontier NOT Travel boom not enough to drive profits at US budget airlines Frontier, Spirit

By Rajesh Kumar Singh

21.09 / 09:03

UPS Target Airlines Fallout performer reports Qantas shareholders demand ‘clear accountability’ from board

Qantas’ largest superannuation investors are demanding “clear accountability” from the airline’s board after it chose to reduce its former chief executive Alan Joyce’s annual pay by just $500,000 despite the company facing significant customer and regulatory acrimony.

21.09 / 07:07

Man Aviat Airlines prevention DGCA suspends Air India Flight safety chief for one month. Here's why

DGCA has suspended Air India's Chief of Flight safety for a period of one month for a period of one month. The decision was taken after DGCA carried out the surveillance of Air India on 25th and 26th July 2023 in areas of internal audit, accident prevention work and availability of required technical man power.

20.09 / 19:39

Aviat Career Airlines Strategy Boeing cover reports Bombay HC asks pilots to reply to Akasa plea

₹21.6 crore compensation, including ₹14.28 crore for damages to the airline’s reputation due to flight cancellations, rescheduling and grounding, ₹6.96 crore for loss of operational profits, and ₹36 lakh related to the pilots’ training agreement. Separately, the airline has also approached the civil aviation regulator, Directorate General of Civil Aviation.

20.09 / 19:29

Booking Airlines country consequences reports travelers Italy’s probe against Ryanair escalates tensions with airlines

Italy’s competition authority has opened a probe into Ryanair’s market position in the country, further escalating tensions between the Irish budget carrier and Prime Minister Giorgia Meloni’s government.

20.09 / 18:35

FIVE Aviat Aware Airlines Boeing show information Akasa gets nod to fly overseas

aviation ministry, a person aware of the matter said. “According to the DGCA, Akasa Air is eligible to apply for international scheduled air transport services," the ministry informed the airline. “However, it is also informed that based on traffic rights to be allocated to Akasa Air, scrutiny of country-specific preparedness will be carried out by the DGCA before permitting Akasa Air to operate international operations." Since 2019, Indian airlines have shown strong interest in expanding their presence in the international market due to the potential for higher yields.

20.09 / 17:33

UPS Aviat Airlines testing Air India, Vistara creditors to vote on merger proposal this Saturday

Tata-owned Air India and Vistara have sought approval from their creditors for the merger of the two airlines. Creditors will vote on the proposal on September 23, according to a notice reviewed by ET. The merger plan has been approved by National Company Law Tribunal (NCLT) and Competition Commission of India (CCI).

20.09 / 14:03

Airlines Enterprise Inside Can the sudden exit of 43 pilots shut down Akasa Air?

₹21.6 crore in compensation. In addition, it has approached the DGCA and agreed with them to request the High Court of Delhi to pass orders for implementing the interim order in relation to mandatory contract notice period requirements by pilots.

20.09 / 13:05

UPS Aviat Airlines Matthews Fallout reports Engine maker CFM says up to 96 planes affected by fake parts probe

By Sam Tobin and Tim Hepher

20.09 / 10:21

UPS CEO Action Airlines Hudson performer $10m of Joyce’s bonus at risk in bid to appease investors

Alan Joyce could be paid $23.6 million for his last year at Qantas, but the airline says some $10 million in bonuses for its former chief executive are up in the air as it grapples with shareholder anger and allegations it wrongly sold thousands of tickets on flights it had already decided to cancel.

20.09 / 10:03

UPS Reuters CEO Action Airlines Akasa Air set to reduce flights after several pilots quit abruptly

Newly launched budget carrier Akasa Air has been forced to reduce flights amid a spate of resignations. CEO Vinay Dube told employees in an email late on Tuesday that the airline would give up market share in the short term to ensure stable operations.

20.09 / 10:03

Facebook Booking Platform Airlines Instagram businesses Mark Zuckerberg announces WhatsApp Flows and Meta Verified for Businesses. What all it offers?

WhatsApp Flows empower businesses to create tailored and seamless interactions within chat conversations. For instance, banks can now enable customers to schedule appointments for opening new accounts, food delivery services can facilitate orders from partner restaurants, and airlines can streamline flight check-ins and seat selection – all without requiring users to leave the chat thread. Moreover, to further simplify in-chat transactions, Meta is expanding its payment capabilities.

20.09 / 10:03

Airlines WhatsApp tests Beta version for iPad: Report

WhatsApp Flows empower businesses to create tailored and seamless interactions within chat conversations.

20.09 / 07:35

UPS Digital Booking Airlines country social businesses India leading the world on how people, businesses have embraced messaging: Mark Zuckerberg

Mark Zuckerberg on Wednesday said India is leading the world on how people and businesses have embraced messaging as a better way to get things done, as the social media giant unveiled a slew of new tools aimed at supercharging businesses using WhatsApp. Announcing the line-up of key offerings for WhatsApp, Zuckerberg said the company has continued to innovate with its messaging formats, group chats and broadcast channels. «India, (is) a country that's at the forefront of a lot of what we're going to talk about today. You're (India is) leading the world in terms of how people and businesses have embraced messaging as the better way to get things done.» Zuckerberg said during a virtual address at Conversations event in Mumbai.

20.09 / 06:17

CEO Airlines Qantas ex-CEO Alan Joyce to get tenfold higher pay of $13.8 million for 2023

(Reuters) — Australia's Qantas Airways said on Wednesday it would pay Alan Joyce, its former CEO who retired earlier this month, a remuneration of A$21.4 million ($13.8 million) for fiscal 2023, a near 10-fold jump from last year.

20.09 / 01:09

Airlines Hudson Transurban boss Scott Charlton to take top job at Sydney Airport

Infrastructure dealmaker Scott Charlton will leave tollroad group Transurban at the end of November to run Sydney Airport as the nation’s biggest airport lobbies Canberra to stop airlines hoarding take off and landing slots.

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