Airlines Financial News
20.07 / 14:11
Provident
Lowe's
Booking
Platform
Airlines
Protecting yourself from travel scams: Stay one step ahead of cybercriminals
The scam begins when travelers search for tickets online or respond to scam emails. Amidst the overwhelming number of travel sites and apps, they may choose what appears to be a reputable source with unbelievably low prices. Upon contacting the supposed travel agent, they provide personal information and payment details. The scammer claims to have booked a confirmed seat and provides flight information, making the traveler believe the ticket is genuine. However, when the traveler attempts to check in for their flight, they realize the ticket is nowhere to be found. Instead of booking an actual ticket, the scammer merely reserved a seat. The unfortunate victim is left with no ticket, no money, and no recourse from the airline. Protecting Yourself: Don't Fa
20.07 / 13:19
COST
FIVE
Manufacturing
Airlines
Boeing
cover
Deal
Air India finalises deal with CFM for 400 aircraft
New Delhi: Air India has finalized the agreement with US-based engine manufacturer CFM International for engines for 400 aircraft, the engine maker said on Thursday. CFM's LEAP engines will power the Tata Group-backed airline's new fleet of 210 Airbus A320neo/A321neos and 190 Boeing 737 MAX family aircraft. The deal was first announced in February. The two companies have also signed a multi-year services agreement that will cover the airline’s entire fleet of LEAP engines.
20.07 / 12:35
20.07 / 12:31
UPS
Provident
Airlines
Assurant
SPY
country
Power
Talks on trade, power, China on the cards as Sri Lanka president visits India
New Delhi: India and Sri Lanka are expected to discuss economic connectivity and China during the visit of president Ranil Wickremesinghe, who arrives in New Delhi today. This is Wickremesinghe’s first visit to India since taking office after his predecessor, Gotabaya Rajapaksa, was swept from power after mass protests in 2022. The visit comes even as Sri Lanka continues to grapple with a protracted economic crisis.
20.07 / 11:23
Airlines
American Airlines
American Airlines second-quarter profit tops estimates
Investing.com — American Airlines Group (NASDAQ:AAL) has reported better-than-anticipated profit in the second quarter in a sign of continued strength in the post-pandemic recovery in air travel.
20.07 / 06:01
UPS
CEO
Airlines
Sydney Airport urges intervention on ‘slot-hoarding’
Domestic travel is being hampered by delays and higher fares at the same time as more international competition is pushing tourist numbers higher, Sydney Airport says.
20.07 / 05:53
COST
Citi
Airlines
track
Low
Better coaches, automatic doors, better food, more comfort: Railways plans to run trains like low-cost airlines
Indian Railways is planning to launch regular non-AC long-distance trains connecting major cities like Delhi, Mumbai, Surat, Ahmedabad, Bangalore, Chennai, and parts of Punjab. As per ToI report, the railways plans to start the train services before the next Lok Sabha election. The selection of these routes has been carefully determined by analyzing waitlisted ticket data and assessing the origin-destination patterns of high passenger volumes.
20.07 / 02:49
20.07 / 01:23
DOW
Manufacturing
Airlines
Tesla
Discover
Dow futures slip as Tesla, Netflix report
Investing.com — Dow futures were trading lower during Wednesday's evening deals, after major benchmark averages extended fresh 15-month highs, with traders digesting quarterly earnings results from major companies throughout the session.
19.07 / 22:39
19.07 / 19:53
Airlines
ED files fresh case against Naresh Goyal and others
Naresh Goyal. The agency has registered a fresh money laundering case against Goyal, his wife Anita and others, sources in the know told ET. These sources added the searches were conducted in Mumbai and Delhi, including those linked to the Goyals and the erstwhile auditor of the airline.
19.07 / 19:43
UPS
Provident
Cooper
Aviat
Aware
Manufacturing
Airlines
Leases
Go First may have to sign new leases before relaunch
NEW DELHI : Go First must sign fresh lease agreements for 30-35 aircraft since lessors have already terminated the previous ones following its insolvency filing, two people aware of the development said, delaying the low-fare airline’s plans for a quick return to skies. “While the airline is making active efforts to relaunch flight operations, it will need to re-enter into fresh lease agreements or get the termination revoked by the lessors in case it wants to operate these 30-35 aircraft whose lease agreements were terminated around the time the airline filed for insolvency," one of the two people said. Go First filed for insolvency on 2 May and suspended operations with effect from 3 May, leaving a void of 6.8% in the domestic civil aviation market.
19.07 / 17:41
UPS
Aviat
Racing
Airlines
Simulation
Air Travel Can Be a Nightmare but Can Congress Fix It?
WASHINGTON—U.S. lawmakers are arguing over how best to fix a pilot supply crunch, expand access to a popular but overcrowded D.C.-area airport, and bolster protections for consumers at a time when surging travel demand is straining capacity. The debate comes as Congress races to hammer out legislation reauthorizing the Federal Aviation Administration before Oct.
19.07 / 17:09
19.07 / 15:13
UPS
Aware
Action
Airlines
social
IndiGo pilot, husband thrashed by mob for torturing minor help, derostered
Amid a social media uproar over a pilot and her husband being beaten up for allegedly abusing a 10-year-old girl working as domestic help, IndiGo, Wednesday said the airline has derostered the employee from duties and the matter is being investigated. Without specifically mentioning about the case, IndiGo—a low-cost airline--said “it is aware of a video circulating on social media that allegedly involves an individual employed by the airline. We are currently investigating the matter.
19.07 / 14:51
Airlines
ED registers a fresh money laundering case against Naresh Goyal, others, raids underway at eight locations
ED) Wednesday is carrying out searches at eight locations linked to erstwhile promoter of Jet Airways, Naresh Goyal. The agency has registered a fresh money laundering case against Goyal, his wife, Anita and others, sources in the know told ET. These sources added that the searches are being conducted in Mumbai and Delhi including those linked to the Goyals and the erstwhile auditor of the airline.
19.07 / 14:51
COST
UPS
Target
FIVE
Airlines
Railways to have only LHB and Vande Bharat coaches in next 6 years: Official
Indian Railways will reduce the types of passenger coaches on its network from 28 to two. “In the next five to six years, there will only be Linke Hofmann Busch (LHB) and Vande Bharat type coaches on the Indian Railways,” a top government official told ET, stating this is being done with the intent to help manage maintenance cost of the national transporter. “A profitable transport business is possible if the maintenance costs are managed.
19.07 / 14:09
COST
Target
Aviat
Airlines
Strategy
Onex looks to raise $750 million for new transportation fund — despite tough climate
Onex Corp. is seeking US$750 million for a new fund dedicated to transportation investments, people familiar with the matter said, a test of its ability to raise money in a tough climate for private equity.
19.07 / 10:29
Citi
Airlines
Traffic
Mumbai
Mumbai airport June air traffic at 107% of pre-covid level
airport handled 4.2 million passengers in June, an increase of 107% from pre-covid levels of June 2019. Of the total passenger traffic recorded in June, the airport witnessed 2.14 million passengers at arrivals and 2.04 million at departures. Total air traffic in June rose 33% on year.
19.07 / 09:49
COST
Target
Aviat
Airlines
Boeing
Metro
Indian
Sustainable jet fuel tough for Indian airlines: Boeing
Mint. “The airlines are certainly very eager to purchase more SAF, but some Indian airlines are the most price-sensitive anywhere in the world. Therefore, the challenge is to bring the cost of sustainable aviation fuel down because it currently is at 300-500% of traditional jet fuel." SAF is any fuel with properties similar to those of conventional jet fuel, but with lower carbon emissions.
19.07 / 07:01
UPS
Citi
BLOCK
Gap
Airlines
Travellers to pay more after Qatar rebuffed: Airports
Australian tourism and airport operators say a decision to block Qatar Airways from expanding services into east coast cities will hurt consumers and businesses, rubbishing suggestions that the state-backed airline would distort the market for carriers trying to restore international capacity.
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