Airlines Financial News

Qantas is expected to update the market on phase two of its fleet renewal plans when it reports this month, and expectations are mounting that the airline will be compelled to order the same Dreamliners it once held purchase options over and subsequently tore up.

Brand India enjoys liable to misuse? PM Narendra Modi's well-known flair for wordplay, using alliteration and other rhetorical devices, was given another airing when, during the parliamentary deadlock over the violence in Manipur, he took a dig at the opposition combine, which has adopted the acronym INDIA, and pointed out that the word 'India' has often been used as guise, or camouflage, by all manner of entities engaged in various kinds of nefarious activities. In support of his claim, he cited examples as diverse as the Indian National Congress, set up during the Raj under the auspices of Alan Octavian Hume after the 1857 uprising as a 'safety valve' and a counter-revolutionary sop to further British imperialism, and terrorist organisations such as the Indian Mujahideen and the Popular Front of India.

Bank of Baroda (BoB) posted an increase in net profit riding on strong growth in retail loans and fee income even as new CEO Debadatta Chand set his sights on getting a larger share of corporate wallets this fiscal. Net profit increased to Rs 4,070 crore in the quarter ended June 2023 from Rs 2,168 crore a year ago, largely due to a 24% increase in net interest income (NII) supported by a brisk growth in retail loans, which grew by 25%. Fee income increased 18% year-on-year to Rs 1,507 crore in the quarter.

Indigo Airlines on Saturday. A similar incident took place on Thursday when Indigo flight had to make an emergency landing in Patna.

Jake Paul vs. Nate Diaz fight escalated into an explosive brawl, involving both fighters' security teams and resulting in multiple punches being thrown. The incident occurred just moments after Jake and Nate engaged in a heated exchange during their media event at the American Airlines Center. As the two fighters faced off on stage, tensions reached a boiling point, leading to a massive scuffle that caught everyone off guard. It appears that Nate Diaz exchanged words with Jake's manager, Nakisa Bidarian, which triggered the chaos. Jake Paul's security team immediately intervened, escalating the situation even further. The fight between Jake Paul and Nate Diaz is scheduled to take place tonight, and the heated confrontation at the press conference only adds to the anticipation surrounding the event.

Indigo flight returned to Indira Gandhi International (IGI) airport in Delhi within an hour after its take-off on Saturday morning following a technical snag, officials said. A passenger, onboard the flight said that the pilot of Indigo flight number 6E-2172 announced mid-air about the technical glitch in the aircraft, and said that the flight is returning to the IGI airport.

Frontier Airlines CEO Barry Biffle joins 'Maria Bartiromo's Wall Street' to discuss a new report by the Government Accountability Office claiming airlines were to blame for 60% of cancellations from October through December 2021.

Rick Britten spent $11,000 with Qantas on a Top End business class trip for himself and his wife in late 2020 only to have it cancelled because of COVID-19 lockdowns. It was annoying, but nothing compared trying to claim the travel vouchers the airline gave him as credit.

National Company Law Tribunal Friday directed Go First's resolution professional to file an additional affidavit informing the tribunal of the progress in resolution process, including a report on maintenance of aircraft and engine lessors' assets, within the next 10 days. Aircraft and engine lessors' of the airline had informed the tribunal that maintenance of assets was not taking place as per the tribunal's directions.

Investigators say pilot fatigue contributed to an incident in which a FedEx plane landed on the wrong runway after an overnight flight

domestic flights slid 2% in July from the same month in 2019, while the number of passengers on trans-Atlantic routes increased 14%, according to Airlines for America, a trade group that represents several major airlines. Airline ticket prices reflect the shift. Domestic fares are down 11% from last year and tracking below 2019 levels, while international fares have risen 11% from a year ago and are up 28% from 2019, according to Hopper, a booking app.

NEW DELHI : The air freight sector is navigating a transition at a time the world is recovering from the covid pandemic and the intensified Russia-Ukraine conflict, Blue Dart Express Ltd managing director Balfour Manuel said. Unpredictable demand from the US and Europe, compounded by domestic disturbances, has posed difficulties for India’s air cargo sector, Manuel said in an interview, adding the company’s outlook remains buoyant for a bounceback in freight volumes. “Air cargo trade from India is facing challenges due to demand fluctuations from the US and Europe, along with certain domestic disruptions.

Nirmala Sitharaman announced an excise duty cut on petrol and diesel. The prices have remained stagnant despite a decline in international crude price over the past one year. The decision of state-run OMCs not to cut oil prices, however, has drawn criticism for the government from the opposition as inflation has been on the rise.

In this article

New Delhi: The National Company Law Tribunal (NCLT) today asked the Go First management to submit a maintenance report of aircraft along with additional affidavits within the next 10 days. The NCLT’s observation came during the hearing of a plea of aircraft and engine lessors on Friday.

Indigo crossed a significant milestone in its history by reaching 1,900 flights per day on its 17th anniversary. IndiGo's 17th anniversary is a testament to the unwavering support and trust our customers have placed in us, said Pieter Elbers, CEO of IndiGo. “These achievements over the years have been made possible by the unwavering dedication and professionalism of our 6E stars for which I would like to sincerely thank each and every one of them,” he added. The airline has come a long way from launching its inaugural flight in 2006 to etching its name in history on June 19 this year by bagging the largest order in aviation history of 500 A320 aircraft. The order solidified the company’s position as the airline with the biggest order in the industry. IndiGo had unveiled its first A321, a longer version of A320 aircrafts on December 27, 2018. Just a month before this deal, the airline had set a new record with the maximum number of 3 lac customers per day in May.

₹3,090 crore in Q1 2023-24. The performance review process for nearly 4,500 flight crew has begun, and the new salaries will be effective from October 1, an Economic Times report cited With over 60% of India's domestic market share, the airline reported its highest-ever quarterly profit. “While we regained and started to build our financial strength over this past year, we reviewed and reinstated salaries and allowances to pre-Covid levels.

In its recent decision, the Delhi High Court on Thursday, said that scheduled maintenance cannot be considered as a reason to include flying of aircraft and restrained crisis-hit Go First airline to continue with maintenance flights. In its judgement the High Court said that the resolution professional (RP) appointed under the insolvency law to manage the airline has not been able to show any urgency or grave imminent threat to led the aircraft to fly maintenance flights without any prior notice.

InterGlobe Aviation's decision to expand its presence on international routes is timely considering the rising competition in the domestic market where it already controls over 60% share. Given the factors such as network expansion, capacity deployment, and a possible benefit of tax loss, analysts have raised the earnings per share (EPS) forecast for FY25 by as much as 38% (Emkay). The stock fell by 4.7% on Thursday on the BSE.

Go Airlines has moved the Supreme Court against an order of a Delhi High Court division bench, which had refused to interfere with a single judge's directions allowing aircraft lessors access to their planes leased to the bankrupt airline for inspection and maintenance. Senior advocate Ramji Srinivasan, appearing for the resolution professional (RP) of Go Airlines, informed Justice Tara Vitasta Ganju of the HC that the airline has filed an appeal against the division bench order and will try to get it listed on Friday or Monday.

₹3-5 lakh per person in some of the premium groups. “MICE travel has now become a year-round activity," Meera Charnalia, executive vice president and head of the category for the business told Mint.