Airlines Financial News

25.10 / 11:39
markets Digital Airlines security Strategy PAM social More than 25 flights receive bomb threats on Friday
bomb threats on Friday, according to sources. An IndiGo spokesperson on Friday said 7 of its flights, including 6E 87 from Kozhikode to Dammam, got security-related alerts. The sources in the know said around 7 flights each of IndiGo, Vistara and SpiceJet got the threats while 6 flights of Air India received the threats.
25.10 / 11:39
markets COST CEO Airlines Experts reports IndiGo's turbulent ride in Q2: Airline battles higher fuel costs, grounded aircraft
IndiGo Airlines is feeling the squeeze as high fuel prices and an unusual number of grounded aircraft impacted its traditionally slow second quarter, revealed CEO Pieter Elbers. Despite a 14.6 per cent year-on-year topline increase to Rs 178 billion, the airline struggled with significant cost pressures that weighed on its performance for the quarter. The airline reported a loss of Rs 987 crore in the second quarter ended September 2024. The company had reported a profit of Rs 189 crore in the September quarter of the previous year and Rs 2,728 crore in the preceding June quarter. Like in the first quarter, the Pratt & Whitney engine issues continue to cause turbulence for IndiGo, which has affected hundreds of Airbus A320neo jets worldwide.
25.10 / 11:23
BLOCK Airlines Justice show travelers Department Investigations The Biden administration is launching an investigation of competition in air travel
The Biden administration is investigating the state of competition in air travel
25.10 / 10:51
markets COST Airlines Analysis Research Trade reports IndiGo Q2 Results: Airline slips back into red with Rs 987 crore loss
Revenue from operations, meanwhile, jumped 14% year-on-year ( YoY) to Rs 16,970 crore in the reporting quarter.
25.10 / 07:15
UPS Booking Airlines Celebrity travelers International Akasa Air launches network-wide Diwali sale for festive travel
Akasa Air has kicked off a network-wide Diwali sale, offering, what they called, enticing fares to make this festive season brighter for travelers. From October 24 to October 27, 2024, travelers can take advantage of discounts of up to 15% on basic fares for international flight bookings by using the promo code DIWALI15. Domestic travelers are also in for a treat, with all-inclusive one-way fares starting as low as Rs 1,499. This limited-time offer is designed to cater to a wide range of travel needs, ensuring that families can reunite and celebrate Diwali without breaking the bank, the airline said. Bookings can be made through various channels, including the Akasa Air website, the mobile app, and authorised travel partners. The promotion is applicable to 'Saver' and 'Flexi' fare categories, making it easy for travelers to choose the option that best suits their plans. To avail of these attractive fares, customers must book their flights at least seven days in advance.
24.10 / 19:49
COST CEO Fighting Airlines performer reports Department Southwest settles proxy fight with hedge fund as Q3 profit shrinks. American loses money
Southwest Airlines will replace several members of its board with candidates pushed by Elliott Investment Management to end a monthslong fight with the hedge fund
24.10 / 19:49
UPS Airlines Boeing consequences reports International No end for Boeing labor strike as workers reject latest contract proposal
Boeing factory workers have voted against the company’s latest contract offer and will remain on the picket lines six weeks into a strike that has stopped production of the aerospace giant’s bestselling jetliners
24.10 / 09:39
Aviat Airlines Strategy Experts PAM information Courts Another turbulence for SpiceJet? Falgu Aviation claims airline owes it Rs 67 crore
Falgu Aviation Leasing Ltd, an aircraft lessor, has approached the National Company Law Tribunal (NCLT) against SpiceJet Ltd over an unpaid debt of Rs 67 crore. The lessor has said that the debt arose from rental dues for a Boeing 737 that it had leased to the budget carrier. SpiceJet has been entangled in a cycle of settlements and fresh insolvency pleas with the airline being taken to insolvency court by different lessors frequently even as it settles pending insolvency cases.
23.10 / 19:57
markets Aviat CEO Airlines Boeing SpaceX Videos Watch Elon Musk connect via FaceTime on Qatar Airways’ cutting-edge Boeing 777 with Starlink!
Qatar Airways achieved a milestone in aviation by becoming the first airline to equip its Boeing 777 aircraft with SpaceX's Starlink technology. This groundbreaking integration allows passengers on board to connect to high-speed, low-latency internet, transforming the in-flight experience. Travelers can now stream videos, play games, and work seamlessly while cruising at 35,000 feet, addressing the growing demand for reliable connectivity in the skies.
23.10 / 12:57
Provident Airlines Sustainability travelers Department Schools Investigations US fines American Airlines $50 million over mishandling of disabled passengers and wheelchairs
American Airlines $50 million for failing to provide wheelchair assistance to passengers with disabilities and damaging thousands of wheelchairs over a five-year period. The Transportation Department said Wednesday that «in some cases,» wheelchair users were injured, but it did not give a number. American said it has made significant investments to improve the handling of wheelchairs. The airline will be credited $25 million, or half of its civil penalty, for those investments and compensation paid to affected passengers, according to a consent order.
23.10 / 11:39
Provident Airlines travelers Department Videos Investigations International US fines American Airlines $50M over mishandling of disabled passengers
The U.S. government is fining American Airlines $50 million for failing to provide wheelchair assistance to passengers with disabilities and damaging thousands of wheelchairs over a five-year period
22.10 / 18:29
markets Aviat CEO Airlines Flying air taxis move closer to US takeoff with issuing of FAA rule
Federal regulators is giving a strong push to electric-powered air taxis by issuing a final rule for operating the aircraft and how pilots will be trained to fly them
22.10 / 18:29
Target Citizens Airlines Assurant Southern War The little airline that could — Lebanon's national carrier braves Israeli airstrikes
Since Israel began bombarding Beirut’s southern suburbs as part of its offensive against militants, Lebanon’s national air carrier has become a local icon simply by continuing to do its job
22.10 / 16:13
markets Booking Aviat Airlines MakeMyTrip PAM travelers Online travel companies told to make SOPs for refund process
online travel agents (OTAs) and industry bodies to develop standard operating procedures (SoPs) and transparent policies to process refunds, to address widespread complaints from travellers about irregularities and transparency issues in air ticket cancellation refunds. The ministry has written to companies such as MakeMyTrip, Yatra, EaseMyTrip, Thomas Cook and Cleartrip and industry bodies including Indian Association of Tour Operators (IATO) and Travel Agents Association of India (TAAI), stating there is an “urgent need” to bring in transparency in the cancellation refund process. ET has seen a copy of the letter dated October 15.
22.10 / 14:45
markets Digital Platform Airlines Sustainability Experts Schools Air India to invest in customer service tech in its turnaround journey
“Digital will be one of the competitive advantages for Air India. We want to be the most technologically advanced airline in the world,” Satya Ramawamy, Chief Digital and Technology Officer at Air India. The airline, which lacked any modern technology in its daily functioning before privatisation, has invested heavily to upgrade its digital capabilities including investing in artificial intelligence.
22.10 / 13:27
markets Provident Digital Aviat Airlines information Lessor Accipiter files contempt plea against Go First for failing to provide aircraft documents
Go First's lessor Accipiter Investments Aircraft 2 on Tuesday moved a contempt plea in the Delhi High Court against the airline for failing to share all the documents related to its leased aircraft. These documents included technical records, aircraft status documents, and records required to ascertain the airworthiness of the aircraft. While noting down the airline’s resolution professional’s (RP) stand that he had shared all the records, the HC further directed him to supply by November 30 all the documents to Accipiter and also file a compliance report in this regard. The case will be next heard in January.
22.10 / 11:31
Aviat Airlines reports Courts Investigations Destinations India bringing in a new law to curb the menace of hoax bomb threat calls disrupting airlines flying
The Indian government is working on a new law to punish those spreading the menace of hoax bomb threat calls, which disrupt the flight schedules of airlines and cause massive inconvenience to thousands of passengers
22.10 / 11:17
Provident Gap Airlines awards hospital International Go First’s foreign funding push to test India’s insolvency framework
Subscribe to enjoy similar stories. Go First, the grounded airline entangled in bankruptcy proceedings, is seeking permission for a foreign funding lifeline to pursue a high-stakes arbitration case against Pratt & Whitney. If granted, the move would mark an unprecedented shift in India’s Insolvency and Bankruptcy Code (IBC), potentially reshaping how distressed companies fund litigation.
22.10 / 08:33
markets Digital Airlines security Experts social International Airlines say all security protocols followed when International, domestic flights receive bomb threats
Air India received bomb threats for their international and domestic flights, on Monday night. After safely disembarking the customers, Indigo informed that they were working closely with the relevant authorities and standard operating procedures were being followed. Indigo, in its press release, announced that they received a security-related alert on nearly 10 flights including domestic and international. The flights that received the bomb threat are 6E 164 (domestic), 6E 75 (international), 6E 118 (domestic), 6E 67 (international), 6E 18 (international), 6E 83 (international), 6E 77 (international), 6E 12 (international), 6E 65 (international), 6E 63 (international). It must be noted that most of these international flights were bound for Jeddah in Saudi Arabia or bound for India from Istanbul in Turkey.
20.10 / 18:47
markets Airlines Boeing Experts PAM Afghanistan denies permission to Vistara's Frankfurt-bound plane to use airspace after bomb threat
Afghanistan authorities on Sunday did not permit a Frankfurt-bound Vistara plane to use its airspace as there was a bomb threat, forcing the aircraft to return to Delhi, according to sources. The flight UK25 from the national capital to Frankfurt in Germany was operated with a Boeing 787 aircraft and had more than 240 people onboard, they said. The sources in the know told PTI that the bomb threat was classified as «non-specific» and it was decided that the flight will continue its journey to Frankfurt. However, the Afghanistan authorities did not give permission to overfly its airspace since there was a bomb threat, the sources added.

popular questions about Airlines

What is Airlines and why is it relevant?

Airlines is a trending topic that interests a wide audience. On our site, we regularly publish articles related to this subject.

Where can I find the latest updates on Airlines?

All new posts about Airlines can be found in the highlighted block. We publish information regularly.

How can I verify the accuracy of information on Airlines?

We use verified data to ensure that the information about Airlines is well-supported and helpful for our readers.