Airlines Financial News

03.08 / 17:39

Airlines IBC Go First moves SC against HC order

New Delhi: The Resolution Professional (RP) of the Go First Airline informed the Delhi high court about their appeal to the Supreme Court against a division bench order. This order, upheld by the division bench, allowed lessors to inspect aircraft and rejected Go First’s plea.

03.08 / 17:21

Man Airlines Delta Passenger arrested on Delta flight after cutting himself and a flight attendant, authorities say

Authorities say they arrested a passenger on a Delta Air Lines flight who cut himself before attacking a flight attendant

03.08 / 16:49

PayPal Platform Airlines Clorox Qualcomm Expedia Cummins Stocks making the biggest moves midday: Southwest Airlines, Qualcomm, Roku, Clorox and more

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03.08 / 16:23

Provident Aviat Airlines Mobile Vodafone BCS services Trai issues supplementary paper on data communication services involving airlines

data communication services provided by entities other than the Airports Authority of India (AAI) as issues around service license and methodology of spectrum allocation such as auction etc remained untouched in the previous process. On December 12 last year, the Telecom Regulatory Authority of India (Trai) had issued a consultation paper on the matter, asking for suggestions regarding the mechanism of providing spectrum to IT and communication vendors to the Indian aviation industry – Société Internationale de Telecommunications Aeronautiques, (SITA) and Bird Consultancy Services (BCS).

03.08 / 13:49

Airlines performer Pilots IndiGo announces salary hike for pilots, cabin crew after stellar Q1 performance

IndiGo said that it will increase the salaries of its pilots and cabin crew after posting a record net profit of Rs 3,090 crore in the first quarter of 2023-24. The announcement came after the airline which has more than 60% share of India's domestic market reported a net profit of Rs 3,090 crore for April-June period.

03.08 / 13:45

Citi Target MET Airlines Qualcomm Commentary 2024 analyst 4 big analyst cuts: Qualcomm slashed on 'soft commentary' and 2024 headwinds

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Qualcomm, Roku, Cambium Networks, and Southwest Airlines.

03.08 / 12:29

Citi PayPal Airlines Moderna Clorox Qualcomm Albemarle Stocks making the biggest moves premarket: Qualcomm, Moderna, PayPal and more

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03.08 / 11:23

UPS Airlines Discover Inside When smelly onions forced an Air India Express flight to return after takeoff

onions. As per news wire agency PTI, an Air India Express flight, from Kochi to Sharjah, reportedly had to return due to a combination of a «pungent» and «burning smell» inside the cabin. Approximately 175 passengers were on board the flight (IX 411) that took off from Kochi on the night of August 2.

03.08 / 11:05

COST Booking Action Airlines cover Consumer forum orders Lufthansa to pay Rs 4.75 lakh to mother and child for denying boarding

Lufthansa to reimburse the airfares totaling Rs 4.5 lakh and pay an additional compensation of Rs 25,000 to the child and mother for denying boarding in an Athens-bound flight. As per a ToI report, the child and mother were grounded at Kempegowda International Airport (KIA) in Bengaluru in 2021. The airline's ground staff reportedly denied boarding, claiming that transit through Germany was prohibited with an emergency travel document.

03.08 / 08:59

BLOCK Aviat Airlines RIO country No political favours, says Joyce – and Chairman’s Lounge list stays secret

Alan Joyce on Thursday dismissed as “nonsense” the suggestion Qantas exchanges benefits for favours from the Albanese government, and declined to comment on who gets access to the airline’s coveted Chairman’s Lounge.

03.08 / 08:57

Aviat Airlines IndiGo’s Q1 is stellar, but the skies are turbulent

₹5.18, it was down 1.2% year-on-year. Adding to the woes is the rise in prices of aviation turbine fuel (ATF). “We cut our Ebitdar (earnings before interest, tax, depreciation, amortization and lease rentals) estimates by about 7% each for FY24/FY25E as yields are witnessing higher pressure on sequential basis (as compared to past) while ATF prices have increased by about 11% in last 2 months," said analysts at Prabhudas Lilladher in a report on 2 August.

03.08 / 06:49

Lowe's Target Aviat Airlines performer share price InterGlobe Aviation share price falls 5% after Q1 results; what should investors do?

InterGlobe Aviation (IndiGo) share price fell over 5 per cent in morning trade on BSE on Thursday a day after the company reported record quarterly profit for the June quarter of the current financial year (Q1FY24). The stock opened at ₹2,630 against the previous close of 2,565.75 and soon fell 5.3 per cent to the level of ₹2,430.15. The stock hit its 52-week high of ₹2,745.95 on July 13 this year and a 52-week low of ₹1,676 on November 9 last year on BSE.

03.08 / 06:49

FIVE Manufacturing Airlines Boeing cover end Air India's total losses estimated at ₹14,000 cr at FY23 end: Report

₹14,000 crore at the end of FY23. Tata Sons had invested around ₹13,000 crore in the airline company in FY23 excluding investment committed for 470 new airplanes, according to a report published by The Economic Times. The ET report, citing sources, said that the total order value of new planes is estimated at $30 billion for which the company will make payment in installments over the years.

03.08 / 06:31

Cooper Booking Action Airlines Couple attacks Akasa air staff for denying boarding due to late arrival in Lucknow

Lucknow airport, a woman and her husband found themselves in legal trouble after a confrontation with a ground staff member of Akasa Air, which resulted in a physical altercation. The couple, who arrived late for their flight, were denied boarding, which led to a fit of anger from the woman, resulting in her physically assaulting a female staff member by slapping her. The incident occurred on Sunday evening, just before QP 1525 was about to depart for Mumbai.

03.08 / 05:35

Airlines Inside Air India Express flight makes precautionary landing at Kochi

Air India Express flight from Kochi to Sharjah made a precautionary landing at the airport here on August 2 night after a passenger reported a suspected burning smell shortly after takeoff, an airline source said on Thursday. According to the source, soon after the takeoff of the aircraft from the Cochin International Airport, a guest reported some kind of suspected burning smell.

03.08 / 02:53

UPS Provident Dash Airlines Boeing exclusive Rex adds helicopters as it pushes to get into Antarctica

Airline Regional Express (Rex) has bolstered its pitch to win a government tender to provide aerial services in the Antarctic by teaming up with Helicopter Resources to bid for the contract.

03.08 / 02:23

BLOCK Aviat Airlines show star beautiful Hero Delta Stocks to Watch: Hero Moto, Titan, Indigo, Vedanta, Delta Corp, HPCL

Hero MotoCorp: Enforcement Directorate seized cash and jewellery worth ₹25 crore during raids against top officials of Hero MotoCorp. The law enforcement agency also found "incriminating" documents in the residences and offices of executive chairperson Pawan Kant Munjal and others. This comes a day after ED conducted searches at Chairman Pawan Munjal's premises on August 1 located in Delhi and neighbouring Gurugram, and also registered a case against him under the Prevention of Money Laundering Act (PMLA), reported news agency PTI.

03.08 / 01:07

COST UPS Aviat Manufacturing Airlines Boeing end Air India accumulated losses at FY23-end pegged at Rs 14,000 crore

Tata Sons, the group holding company, invested an estimated ₹13,000 crore in Air India in FY23 through wholly owned subsidiary Talace, they added. This excludes the investment committed for 470 new aircraft ordered in June from Airbus and Boeing as the new owner embarks on the national carrier's transformation, which includes fleet renewal, a design refresh and upgraded services to compete with the likes of Emirates and Qatar Airways. Tata took over Air India in January 2022 after it was privatised.

02.08 / 19:07

COST UPS Aviat Airlines IndiGo Q1 profit soars to record

NEW DELHI : InterGlobe Aviation Ltd, the operator of India’s largest airline IndiGo, reported record quarterly profit and revenue on robust demand for air travel, lower fuel costs, and favourable foreign currency movement. Net profit rose to ₹3,090.6 crore in the quarter ended 30 June from a loss of ₹1,064.3 crore. Total income rose by 32% to ₹17,161 crore from a year earlier.

02.08 / 18:29

UPS Aviat Platform Airlines Strategy Fly91 seeks global partners ahead of November launch

₹200 crore in project outlay for Fly91. Its early investors include Rajeev Chitrabhanu, founder of advisory-led investment platform Magnetic. “Coming out of covid, I was the first person to believe in the potential of regional aviation, with the Udaan scheme and committed capital as an investor and advisor.

02.08 / 18:11

UPS Aviat SUN Airlines SENSEX Carlyle stake Carlyle to acquire 5.9% stake in SpiceJet

₹48 per share. Shares of SpiceJet jumped on the news, rising 7.2% on the BSE on Wednesday to close at ₹31.42, on a day the benchmark Sensex index fell 1%. The company proposed to issue up to 4.81 crore equity shares of the face value of ₹10 worth ₹48.1 crore to nine associated companies of Carlyle.

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