Airlines Financial News

Argentina’s Senate has narrowly approved President Javier Milei’s sweeping proposals to slash state spending and boost his own powers

An American industrial technology company has revived its work on a system to warn pilots if another aircraft might be on the runway they are using

IndiGo has announced new routes connecting Durgapur with Bhubaneswar, Bagdogra, and Guwahati. These new flights will commence on August 30, a statement by the airline said. Flights between Durgapur and Bhubaneswar will operate daily, Durgapur-Bagdogra four times a week, and Durgapur-Guwahati thrice a week, the statement added. Vinay Malhotra, head of global sales at IndiGo, said, «We are pleased to announce new routes connecting Durgapur with Bhubaneswar, Bagdogra, and Guwahati. With these direct flights, we aim to provide our customers with further seamless connectivity.» With the addition of these services, IndiGo will now operate 42 weekly flights from Durgapur, significantly enhancing trade, travel, and tourism across eastern India, the statement said.

Indian listed companies to say the least. The BSE Sensex saw an incredible rise of about 24%, outperforming past performance. In addition, a cohort of companies have been buzzing in the market due to their turnaround stories.

Samsung has partnered with One 97 Communications Limited (OCL), which runs fintech firm Paytm, to launch flight, bus, movie, and event ticket bookings on the Samsung Wallet. This collaboration is to enhance consumer convenience by providing a seamless booking experience directly through Samsung Wallet, according to a statement released on Thursday.

The CEO of Southwest Airlines says he is not resigning in the face of pressure from a hedge fund that wants him fired

Union flight attendants are getting help from some members of Congress as they try to negotiate new labor contracts

emergency exit door, blew out, causing an uncontrolled decompression of the aircraft. The aircraft returned to Portland and several passengers required medical attention after landing.As a result, the National Transportation Safety Board of the US opened an investigation into the Alaska Airlines incident and weeks later, the NTSB was also investigating another incident in February in which a United Airlines pilot in a Boeing 737 Max-8 reported stuck rudder pedals during a landing.“I think Boeing has work to do.

A 34-year-old Vietnamese tourist was reportedly angry about visa fees emerged from the women's bathroom with no clothes, June 8, 2024 at Ninoy Aquino International Airport in Manila, Philippines. (Credit: Viral Press)

Jack Otter and ‘Barron’s Roundtable’ senior writer Nicholas Jasinski discuss how rate cuts are looking unlikely for 2024.

Benchmark NSE Nifty closed 58.11 points up at 23322.95 amid buying in frontline bluechip counters.

"Indigo's current international ASKM share is anywhere between 25% to 30% and with this new Airbus order, which they placed some time back, the plans are to kind of expand their wings internationally as well," says Jinesh Joshi, Prabhudas Lilladher. I would not ask you which is your favourite airline. But I would definitely tell you that I was pretty intrigued to see the latest announcement from IndiGo saying that now they are working on kind of ensuring the wanderlust of citizens, especially the Gen Z is taken care of in the form of affordable long haul. They have already announced a kind of a business class as well. So, this is a transformation of the business model which is happening. I am not even going in the direction of big orders which they have placed. So, this transformation, as they move slightly higher, affordable long haul, longer routes overseas which was up till now completely captured by overseas airlines and even business class, will it improve their yields meaningfully in the years to come? Definitely they are taking baby steps towards premiumisation.

«Actually, within the power sector, if you look at the distribution companies, then I would say that they have been simply overvalued. Power Grid romping ahead into the overvaluation territory is clearly visible,» says Mahantesh Sabarad, Independent Market Expert. Will you use this dip as a buying opportunity on the likes of IndiGo and Honasa? Both these companies have very profitable outlook. So, generally a dip should mean that one can take a bite of these companies. But, if I look at IndiGo, you are entering the lean season right now and therefore one needs to be a little careful when it comes to the airline stock. As far as Honasa is concerned, they are in for a little tough competition ahead. So, one would rather wait out what the management would like to say post these dips, post these equity changes, etc, to really make more sense of it. As it is the overall market seems to be a little shaky right now and therefore we might have an effect on these two stocks.

Singapore Airlines has offered compensation to passengers of a flight that hit extreme turbulence last month

₹3,360 crore.According to InterGlobe Enterprises statement, the proceeds will be used to expand its hospitality and other incubating businesses, as well as for general corporate purposes.The company confirmed that Bhatia will continue as a promoter and managing director of IndiGo, working with CEO Pieter Elbers to guide the airline's strategic direction.InterGlobe Enterprises will continue to remain the largest shareholder of IndiGo. As of March, the promoter group led by Bhatia held a 37.91% stake in the airline.

Activist shareholder Elliott Investment Management has taken a $1.9 billion stake in Southwest Airlines and wants to get rid of the CEO

Stocks that traded heavily or had substantial price changes on Monday: CrowdStrike, KKR rise; Huntington Bancshares, Tesla fall

Boeing had another weak month for aircraft sales in May, taking orders for just four new planes

After the regulator slapped a notice to the airline, it gave a $350 voucher to passengers who flew on the delayed flight to San Francisco. While Air India is the largest operator of non-stop flights to North America from India, a look at flight tracking website FlightRadar24's data shows that On Time Performance (OTP) of all airlines operating non-stop between India and America have an OTP problem.

Vodafone Idea saw a decline on June 11 as the company prepares to consider significant proposals on June 13. The board will discuss issuing equity shares and convertible securities on a preferential basis to vendors.Also Read | Indigo Airlines share price down over 3% as Interglobe Enterprises plans to offload stake worth $394 millionIn a regulatory filing, the firm said, "We wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, 13 June 2024, inter-alia, to consider and evaluate proposals for issuance of equity shares and/or convertible securities on a preferential basis to vendors, subject to such approvals as may be required, including approval of the shareholders of the company."Also Read | ’Lok Sabha election result is a warning bell for us’: DK Shivakumar on losing to BJP in KarnatakaThe Vodafone Idea stock declined by 1.08 per cent, reaching ₹15.64 on the BSE on June 11 at 10:54 am.