Airlines Financial News

Inflation cooled below 3% in July 2024, the first time it dropped beneath that level in more than three years.

Canada Jetlines Ltd. has grounded all flights, temporarily ceasing operations amid a financial crisis at the carrier.

The Justice Department is defending a plea deal it struck with Boeing over planes that crashed and killed 346 people

Air Canada pilots could go on strike within weeks, but both the union representing pilots and the airline say they are working to negotiate.

IndiGo, mints pilots out of fresh college graduates. It was here, during the six months of training that many women graduates sat in an aircraft for the first time. They were part of a batch of 77 that the airline inducted yesterday to mark Independence Day. The airline has 800 women pilots, the highest among any commercial airlines in the world but it is still 14% of the 5,038 pilots it employs whereas overall female representation in the company is 44%.

Air India on Thursday announced the cancellation of its scheduled flight from Delhi to Narita, Japan, on Friday, citing severe weather warnings at Tokyo. Passengers with confirmed bookings for flights AI306 and AI307 on the Delhi-Narita-Delhi route on August 16 are eligible for a one-time waiver on rescheduling or can opt for a full refund in case of cancellation. The airline shared this update via a post on X and said that the decision to prioritize passenger safety amid the weather warnings in Tokyo.

A startup developing a high-tech battery that is seen as a potential game-changer in the booming industry plans to invest $1.4 billion to build its first big plant in North Carolina, according to people familiar with the matter. Natron Energy is one of the few U.S. companies focusing on sodium, an abundant mineral that can produce batteries that are cheaper and safer than the lithium-based batteries that power electric vehicles.

A federal agency says it has recommendations for improving the safety of commercial aviation including air tours and air ambulances

Hedge fund Elliott Management is escalating its fight against the management of Southwest Airlines

New Delhi: IndiGo on Wednesday inducted 77 female pilots for its Airbus and ATR planes to celebrate 77 years of the country's independence. With the latest induction, the carrier has more than 800 female pilots. The induction of 72 female pilots for the Airbus fleet and 5 for the ATR fleet to celebrate 77 years of the country's independence marks a milestone, the airline said in a release. The airline has around 14 per cent women pilots compared to a global average of 7-9 per cent women pilots in the workforce, it added.

SpiceJet on Wednesday reported a 20% per cent drop in consolidated profit for the April-June quarter, as a financial crunch took a toll on its operations. The carrier's profit came at Rs 158.75 crore in Q1 FY25 as against Rs 197.58 crore in the year-ago period.

Best tourist bags: Top 10 stylish options with value-added features for travel, trekking and moreWhen selecting smart luggage, keep these important aspects in mind: the battery's capacity and power, the overall size and weight of the bag, extra features such as GPS tracking and remote locking, and the quality of the materials. It's also wise to verify airline regulations concerning batteries to make sure your luggage meets travel standards.

SpiceJet Ltd, the Delhi High Court on Wednesday asked it to ground the three engines by Friday and return them to its lessors — Team France 01 SAS and Sunbird France 02 SAS — in 15 days. It also asked the low-cost carrier to make arrangements for inspection of these engines. The Ajay Singh-led carrier has been struggling to secure funding following consecutive quarterly losses. The airline faces legal action from lessors over unpaid dues and has had requests made to the aviation regulator for de-registering their aircraft.

Vistara flight from Delhi made a priority landing here on Wednesday due to a «minor» technical issue, the airline said. The aircraft landed safely and is currently undergoing inspection, it added. «Shortly before landing, a minor technical snag was detected on Vistara flight UK 995 that was operating from Delhi to Mumbai on 14 August 2024,» a Vistara spokesperson said in a statement. As a precautionary step, the pilots requested the Air Traffic Controller for «priority landing», and landed safely at Mumbai's Chhatrapati Shivaji Maharaj International Airport, Vistara said without sharing the number of people on board.

Union budget, for example: the Indian government announced incentives to boost maintenance, repair, and overhaul (MRO) activities in the aviation and shipping sectors. While we’ve previously detailed how companies in the ship-repairing sector stand to benefit—leading to some stocks doubling in value—the aviation sector’s MRO industry hasn’t garnered the same level of attention. India’s aviation industry is soaring, driven by increasing demand for air travel, expanding fleet sizes, and a growing focus on regional connectivity.

More than 40 families of victims of an airliner crash in Brazil have gathered at a morgue and hotels in Sao Paulo as three French government investigators arrived in the country

Mint in an interview in New Delhi. “We have to just stay focused on that and not sort of get caught up in all the noise and people's opinions." Boeing reported a net loss of $1.44 billion in the June quarter, primarily due to major cash burn in its defence, space and security unit as a result of cost overruns. It reported a loss of $149 million a year earlier.

Air India Express has launched six new daily direct flights in a single day, said a press release on Tuesday. The Tata-owned Air India subsidiary airlines will be flying five new routes as a part of this launch which include Guwahati-Jaipur, exclusive to Air India Express. The new flights are operating on the Chennai-Bhubaneswar, Chennai-Bagdogra, Chennai-Thiruvananthapuram, Kolkata-Varanasi, Kolkata-Guwahati, and Guwahati-Jaipur routes. Moreover, to accommodate growing demand on the Chennai-Thiruvananthapuram route, which was previously served by two weekly flights, the airline has now added an extra daily service, increasing the total to nine flights per week. Air India Express now connects Chennai directly to 10 destinations which include Bagdogra, Bengaluru, Bhubaneswar, Guwahati, Hyderabad, Kolkata, and Thiruvananthapuram domestically, and Dammam, Kuwait, and Singapore internationally.

SpiceJet on Monday managed to avert a shutdown of its flights from Chhatrapati Shivaji Maharaj International Airport (CSMIA) in Mumbai, resolving a tricky situation in the nick of time which could have affected several passengers. On Monday evening, CSMIA issued a passenger advisory stating that operations stating that effective midnight on 13 August 2024, SpiceJet flight operations from Mumbai International Airport are expected to be temporarily disrupted. “Mumbai International Airport is working with the airline to address the situation to minimise inconvenience to passengers,” the company said. However, within a few hours, the Adani-operated airport withdrew the advisory. In the meanwhile, the Ajay Singh-promoted SpiceJet issued a statement saying, «The passenger advisory issued by MIAL has been withdrawn. Our flight operations in and out of Mumbai are operating normally. SpiceJet and MIAL have worked collaboratively to swiftly resolve a minor financial matter.”

Bengaluru recently took to social media to highlight the plight of international travelers from India when their tickets are arbitrarily canceled by airlines. According to the woman, she had recently booked a Delhi-San Francisco flight, but Air India canceled it without notice and offered passengers the option to fly on a different date. When passengers objected, they were offered seats on an alternate flight with a 10-hour layover. The woman claimed that Air India refused to provide the passengers with tickets for a flight departing directly from Bengaluru.

SpiceJet seems to be mounting as its engine lessors — Team France 01 SAS and Sunbird France 02 SAS — on Monday rejected its promoter Ajay Singh’s offer to pledge his personal shares, equivalent to the outstanding dues of $2.5 million, towards discharge of the airline’s liability. Senior counsel, Sandeep Sethi, appearing for Spicejet, told the Delhi High Court that Singh is willing to pledge his unencumbered shares towards discharge of the airline’s liability with the HC and the same can be encashed if it failed to pay till September 30. “We are not putting any conditions. The court can pass orders for immediate release if we don’t pay between now and September 30,” he argued. However, the lessors rejected the offer, saying they don’t want “pledge of shares of a company whose existence is shaky…The pledge is not acceptable. We have given them a long leash. We want our engines back. And we have been asking for disclosure of Singh’s assets since January,” senior counsel Raj Shekar Rao told a Bench of Justice Manmeet Pritam Singh Arora.