Airlines Financial News

24.05 / 15:29
UPS Booking Airlines travelers Schools Features International Beat the Heatwave: Top 5 credit cards packed with travel perks, free airport lounge access
Best travel credit cards: It’s summer season, and schools are soon going to be closed for a long-awaited vacation in most parts of the country. During this time of the year, some people plan long holiday stays at their dream destinations, while some go for a quick getaway to the nearest tourist hotspots. Whatever may be your plans, if you have the right credit card with you, it can help you get the best deals and save money. There are hundreds of credit cards that offer exciting travel perks like free lounge access and hotel memberships.
24.05 / 14:55
UPS Citi Airlines Football place FA Cup Final: Date, time, place, where to watch as Manchester City take on Manchester United
Manchester City will be taking on Manchester United at Wembley Stadium on May 25 in London. The British capital is already reeling under intense summer and will see the temperature go up a couple of notches as football fever has gripped the city. All roads lead to the Wembley stadium. This is a repeat of last year’s Premier League final in which Manchester City beat Manchester United by a margin of 2-1 in the finals to lift the cup. Road to the finals
24.05 / 14:03
Airlines Sustainability Boeing Food Fastenal hospital Passengers had seconds to react as turbulence hit Singapore flight
Singapore Airlines flight hit by deadly turbulence this week said on Friday they had only seconds to react before the plane started to plunge. One passenger died and more than 100 were injured when the Boeing 777-300ER fell 1,800 metres (6,000 feet) in just a few minutes during the final hours of its journey from London to Singapore on Tuesday.
24.05 / 06:41
COST UPS Target Aviat Airlines International InterGlobe Aviation shares rally 3% after doubling Q4 profit. Brokerages increase target price up to Rs 5,192
Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday's trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline's passenger ticket revenues grew 25% YoY to Rs 15,601 crore.
24.05 / 04:37
Reuters Airlines Boeing reports Updates Singapore Airlines turbulence: SIA changes in-flight safety protocols, modifies route | Top 8 updates
Reuters reported on Friday.In a statement to Singapore broadcaster Channel News Asia, the airline said it will now refrain from serving hot drinks or meals when the seatbelt sign is on.The SQ321 London-Singapore flight on a Boeing 777-300ER plane carrying 211 passengers and 18 crew diverted to Bangkok for an emergency landing on Tuesday after the plane was buffeted by turbulence that flung passengers and crew around the cabin, slamming some into the ceiling, the Reuters report added.Flight SQ321 has since modified its route, avoiding the area of turbulence encountered during the incident.Here are the top eight updates from the Singapore Airlines turbulence incident: Milestone Alert! Livemint tops charts as the fastest growing news website in the world
24.05 / 04:23
UPS Airlines Trade show beautiful New highs on D-Street! Nifty scales Mt 23K, Sensex hits fresh peak
benchmark equity indices Nifty and Sensex hit fresh record highs on Friday, led by banking and financial stocks, despite robust economic data in the U.S. dampening hopes of early interest rate cuts. The BSE Sensex was trading 77 points higher at 75,495. Nifty50 was trading at 22,970, up 2 points at around 9.46 am.
24.05 / 01:31
Airlines Entertainment Enterprise Healthcare Trade reports Stocks in news: Honasa Consumer, ITC, IndiGo, Vodafone Idea, ZEE
Sensex and Nifty closed at lifetime high levels on Thursday following a record dividend payout by the RBI to the government. In today's trade, Honasa Consumer, ITC, IndiGo, Vodafone Idea, ZEE among others will be in focus due to various developments and quarterly earnings. NTPC, Hindalco, United Spirits, Ashok Leyland Shares of NTPC, Hindalco, United Spirits and Ashok Leyland will be in focus as the companies will announce their fourth quarter results today.
23.05 / 18:53
COST UPS Provident Airlines country GST relief for foreign airlines in the offing
goods and services tax (GST), said people familiar with the matter. Foreign airlines with offices in India have received GST notices over the past few months for non-payment of tax on import of services by Indian entities from their head offices. The issue has been referred to the fitment committee under the GST Council and the overall view is veering around to exempting the tax and giving relief to airlines, the people said. A final call on the clarification would be taken after the examination of the issue by the fitment committee, they said. «There is a grey area on the services from head office to branch office which is unique to both airlines industry and the shipping industry as it is difficult to determine place of service in case of maintenance and rental from one office to other,» a senior official told ET on condition of anonymity. The Directorate General of GST Intelligence (DGGI) last year issued notices to 12 foreign airlines on account of levy of GST on import of services by Indian branch offices.
23.05 / 16:27
Man Extreme Airlines hospital reports patient Videos Several Singapore Airlines' flight passengers, hit by turbulence, need spinal surgery: Report
AP reported Bangkok's Samitivej Srinakarin Hospital as saying.According to the report, 27 people remained in intensive care, and a 73-year-old British man died after the flight ran into bad turbulence over the Andaman Sea. This led to hurling items and passengers and crew members around the cabin.The hospital's public relations officer stated that other local hospitals have been asked to lend their best specialists to assist in the treatments.
23.05 / 16:27
Provident Target Airlines wellness performer reports Traffic Air India announces annual salary hikes for employees, performance bonus for pilots
PTI report.On Thursday, “Air India CHRO Ravindra Kumar GP announced salary increments for employees, with effect from April 1, 2024, as well as performance bonus payouts for FY 2023-24 based on company and individual performance," PTI said citing sources.ALSO READ: Passengers recall harrowing moments of Air India Express flight catching fireThe airline is in the process of revamping itself under a five-year transformation plan, announced In late 2022.Since the Tata Group took over the loss-making airline over two years ago, this is the first appraisal process for Air India staff.It is providing competitive salary increments to attract and retain talent as part of larger efforts to have a performance-driven and meritocratic culture among the employees, said the report.The annual appraisals, based on the new Performance Management System (Rise.AI), have been given to all employees, who joined before December 31, 2023, including ground staff, cabin crew and pilots.The airline has around 18,000 employees. ALSO READ: Vistara warns of traffic congestion in Varanasi as Modi to file nomination today“CHRO Kumar said that in the last financial year, the airline achieved key milestones of laying strong foundations for growth and transformation," as per the PTI report.
23.05 / 16:27
Aviat Airlines Southern information Colleges Top News: IndiGo net profit doubles; Dombivli boiler blast; Cyclone Remal warning for Bengal; more
InterGlobe Aviation Ltd, which runs India’s largest airline IndiGo, more than doubled its net profit to ₹1,894.8 crore in the quarter ended March. In another news, severe heatwave conditions continued to grip parts of North India, while some states in the southern regions grappled with heavy rainfall.
23.05 / 16:27
COST Airlines economy country travelers Ovens and hot meals: The last frontier for IndiGo after record profit
ALSO READ: IndiGo's net profit doubles to ₹1,895 crore in Q4 as travel demand soarsThis comes on the day the airline announced a record profit of ₹8,172.4 crore, not just the highest for the airline but the highest for any airline in India ever. The airline announced that it is taking the next step in IndiGo’s evolution.
23.05 / 15:59
Reuters Aviat Airlines Boeing voice reports Boeing now sees negative free cash flow in 2024 as deliveries remain sluggish
will burn rather than generate cash in 2024 and deliveries aren't expected to increase in the second quarter, the company's finance chief said Thursday, as the U.S. planemaker grapples with a full-blown crisis that is weighing on production of its strongest-selling aircraft. CFO Brian West told the Wolfe Research Global Transportation and Industrials Conference that he expects Boeing's full-year free cash flow to be negative, compared with a March outlook for positive cash generation in the low single-digit billions.
23.05 / 15:21
Provident Target Airlines WhatsApp wellness performer Air India gives salary increments to staff; announces target performance bonus for pilots
Air India on Thursday announced annual salary increments for its staff, and also introduced an annual target performance bonus for pilots, according to sources. This is the first appraisal process after Tata Group took over the loss-making airline a little over two years ago. On Thursday, Air India CHRO Ravindra Kumar GP announced salary increments for employees, with effect from April 1, 2024, as well as performance bonus payouts for FY 2023-24 based on company and individual performance, sources said. They said that Air India, which is in the process of revamping itself under a five-year transformation plan, is providing competitive salary increments to attract and retain talent as part of larger efforts to have a performance-driven and meritocratic culture among the employees.
23.05 / 13:59
UPS Aviat Airlines economy country reports travelers IndiGo to kick off business class on busiest routes in 2024: Check launch dates, routes here
Interglobe Aviation reported that its net profit more than doubled to ₹1,894.8 crore in the quarter ended March 2024. India's largest airline recently decided to purchase 30 wide-body aircraft.Also Read: IndiGo's net profit doubles to ₹1,895 crore in Q4 as travel demand soars"In a groundbreaking move to redefine business travel in India, IndiGo, India's most preferred airline, announces the plan to launch a tailor-made business product for India’s busiest and business routes," IndiGo said in a statement.‘’Considering India’s soaring economy and the evolving aspirations of Indian society, it’s time for IndiGo to redefine premium travel in India, increasing availability of this service for the nation.
23.05 / 12:59
Citi Airlines concert pop reports travelers Destinations Swiftly Soaring: Taylor Swift's Eras tour sparks surge in European air travel for upcoming summer season
tour by global pop sensation Taylor Swift has sparked a rise in European air travel for the upcoming summer season. United Airlines, one of the major carriers, has reported a significant increase in travel demand to popular European destinations such as Lisbon, Portugal, and Madrid, Spain, over the Memorial Day weekend, SchengenNews reports. This increase, estimated to be about 25 per cent higher than last year, is directly attributed to Taylor Swift's Eras tour, which has sparked a travel frenzy among her fans. Similar price hikes are anticipated in other cities hosting the tour in the coming weeks, such as Madrid, Edinburgh, and Dublin, says SchengenNews report.
23.05 / 12:47
Platform Airlines security Netflix film reports Features Crew OTT release date: Tabu-Kareena Kapoor-Kriti Sanon's movie to start streaming online
A post shared by Netflix India (@netflix_in)The movie revolves around the lives of three women who work as flight attendants. All of these women come from different backgrounds but face the same financial security problem.The film then shows that the three women decide to earn money by smuggling after their airline, Kohinoor Airlines, goes bankrupt.The trio has its ups and downs, but they ultimately emerge victorious.The film features Kriti Sanon as Divya Rana, Tabu as Geeta Sethi, and Kareena Kapoor as Jasmine.
23.05 / 12:47
markets UPS IPO Platform Airlines Food stage Profits delivered: What Zomato’s sizzling results teach investors, VCs
₹175 crore for the quarter ending March, which was a 27% sequential growth over the previous quarter. The revenue growth of 8.3% was less than a third of the growth in profitability, which means that the levers of profitability are being unlocked. These are important indicators not just for Zomato but for the entire venture capital (VC) funded start-up ecosystem.
23.05 / 11:29
UPS Aviat Airlines country reports travelers IndiGo's net profit doubles to ₹1,895 crore in Q4 as travel demand soars
InterGlobe Aviation Ltd, which runs India’s largest airline IndiGo, more than doubled its net profit to ₹1,894.8 crore in the quarter ended March.The airline's total income rose 26.7% during January-March to ₹18,505.1 crore.Indigo also clocked its highest ever total income for the financial year ended March 2024 at ₹71,231.16 crore, up 27.5% year-on-year. Total income for the corresponding fiscal year was ₹55,881.41 crore.The company’s profit after tax rose to ₹8,172.46 crore during FY2024, against a net loss of ₹305.78 crore a year earlier.The airline beat the estimates of analysts.“For the full financial year 2024, we reported our highest ever total income of around 712 billion rupees with a net profit of around 82 billion rupees and a net profit margin of 11.9%.
23.05 / 08:41
UPS Airlines economy pandemic travelers International Remember last year's Memorial Day travel jams? Chances are they will be much worse this year
Highways and airports are likely to be jammed in the coming days as Americans head out on and home from Memorial Day weekend getaways
23.05 / 03:45
UPS Airlines Food Paxful Healthcare reports Traffic Q4 results today: ITC, IndiGo among 181 companies to announce earnings on Thursday
quarterly earnings for the January-March 2024 period on Thursday, with some important names like ITC, IndiGo, Honasa, and Tata Investment in the mix. Other companies which will also announce their earnings include Bikaji Foods, Cello World, Concord Biotech, Fortis Healthcare, Icra, Uno Minda, Zaggle Prepaid and many more.

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