Airlines Financial News

Mint has reviewed a copy of the same. AAI, which operates and manages around 133 airports in the country, is expected to provide 2-5 day visits, workshops and a 4-20 week duration internship in various functioning areas of the operator.

Delta Air Lines and Southwest Airlines emerged as frontrunners, earning accolades for their commitment to customer experience excellence in the prestigious J.D. Power's North American airlines customer satisfaction survey for 2024. Released on Wednesday, the survey results underscored a noteworthy trend: airlines prioritizing investments in their personnel are reaping the rewards of heightened customer satisfaction, even amid a backdrop of elevated airfares compared to the previous year. This recognition serves as a testament to the pivotal role of dedicated and well-trained staff in shaping the overall travel experience, highlighting the enduring value of quality service in an industry marked by constant evolution and competition.

Air India Express on Wednesday cancelled more than 80 flights after nearly 100 cabin crew members reported sick, protesting human resource practices of the airline. CEO Aloke Singh said in a message to employees that he is open to discussion with the cabin crew and that the airline will curtail flights for the next few days to mitigate the disruption. The airline operates around 360 flights per day. The civil aviation ministry sought a report from the airline, while Delhi's regional labour commissioner Ashok Perumalla pushed the company to settle the issues raised by the protesting staff.

NEW DELHI : Air India Express will reduce its flight network by 20% over the next few days to stabilize operations after a section of cabin crew went on mass sick leave, causing significant disruptions. The mass leave is believed to be a result of grievances related to the ongoing merger with AIX Connect, formerly AirAsia India. “If there are concerns that need to be addressed, the company leadership is available for any discussions.

Cryptocurrency exchange FTX has amassed billions of dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full recoveries, plus interest, a rare outcome in U.S. bankruptcy proceedings.

Top news of the day: On 8 May, a series of events are set to take place right from politics to business. Sam Pitroda, has sparked a controversy with his statement, saying that people in the South India "look like Africans," those in the East resemble "Chinese".

Benchmark NSE Nifty closed 0.0 points down at 22302.5 amid in frontline bluechip counters.

Democratic Progressive Azad Party chief and former Union Minister during the UPA govt, Ghulam Nabi Azad today heavily criticised Air India for flight cancellations and went on to say that it should be shut as its 'basic culture is bad". Azad said this after his Delhi-Srinagar Air India Express flight got cancelled. «I was supposed to leave in the morning. But I am now leaving on an IndiGo flight after sitting here for 3-4 hours...If the flights were cancelled, they should have informed us in the morning itself. Why did they fool everyone?...Air India should be shut...Air India's basic culture is bad, nothing will become of it,» Azad was quoted as saying by ANI.

Air India Express cancelled the its international and domestic flights after its senior crew member went on mass “sick leave", alleging “mismanagement" at the airline. “A section of our cabin crew has reported sick at the last minute, starting last night, resulting in flight delays and cancellations," Air India Express said in a statement.

NEW DELHI : The government is considering a proposal to scrap the import duty on business jets as the tax introduced a decade-and-half ago has approached the end of its intended tenure. A tax of 2.5% is levied on private and business airplanes that are imported for so-called non-scheduled aircraft operations, while there’s no such tax on commercial jets.

Air India Express, the low-cost carrier owned by Tata Group, today cancelled several flights. The cancellations are reportedly due to a protest by some cabin crew members against alleged 'mismanagement at the airline'. As per a PTI report, the discontent among the cabin crew has been growing, especially since the beginning of the merger process with AIX Connect, formerly known as AirAsia India. Union Concerns and Passenger Frustration A union representing a section of the Air India Express cabin crew has raised concerns about mismanagement and unequal treatment of staff. The Air India Express Employees Union (AIXEU), which claims to represent around 300 cabin crew members, mostly seniors, has alleged that mismanagement has affected the morale of the employees.

Air India Express on Wednesday said that it has cancelled some flights due to a shortage of cabin crew members as a section of them reported sick. Sources said the airline has been forced to cancel over 80 flights starting last night as more than 200 cabin crew has reported sick protesting against the airline’s HR practices. Air India Express operates around 360 flights per day. «A section of our cabin crew reported sick at the last minute, starting last night, resulting in flight delays and cancellations. While we are engaging with the crew to understand the reasons behind these occurrences, our teams are actively addressing this issue to minimise any inconvenience caused to our guests as a result,” a spokesperson of the airline said.

Air India and Lufthansa have strengthened their relationship with the German major expanding the code-share agreement on the popular India-Australia route. Under this new pact, passengers of Lufthansa, from its hub in Frankfurt and Munich, will be able to travel to Sydney and Melbourne via Delhi and Mumbai airports on Air India.

Europe’s Airbus had established a clear sales lead over Boeing even before the American company encountered more fallout from manufacturing troubles and ongoing safety concerns

Kenya says the Republic of Congo's military has released two Kenya Airways staffers who were detained for two weeks in a cargo dispute

Qantas Airways has agreed to pay $79 million in compensation and a fine for selling tickets on thousands of cancelled flights

NEW DELHI : Indians are packing travel bags for summer, braving heat waves and steep fares as school vacations and annual holidays beckon. Air travel that hit a daily peak in April is expected to rise further as more travellers work out plans for May and June, cheering airlines and travel industry alike. While there is heightened demand for cooler destinations, places that are typically warm at this time are also seeing interest.

Boeing is already facing questions about quality and safety of its aircraft, and now it has a labor showdown on its hands in Seattle

Boeing has locked out its private force of firefighters who protect its aircraft-manufacturing plants in the Seattle area and brought in replacements after the latest round of negotiations with the firefighters’ union failed to deliver an agreement on ...

Berkshire Hathaway Inc.’s annual meeting on Saturday: Warren Buffett should buy Boeing Co. The idea may sound outlandish on the surface because it rubs against Berkshire’s conservative nature. There’s also the sticking point that Buffett doesn’t do turnarounds and that he wants companies with strong leadership. Then again, Buffett likes to bet on American manufacturing, and he favors industries with moats. Check and check. Also, the upside for Boeing, if the planemaker can get its house in order, is huge.

aircraft-manufacturing plants in the Seattle area Friday night unless the workers accept the company's last offer on wages. The company said the two sides were far apart in negotiations. It described the lockout as a precautionary move because the union could go on strike at any time once the current contract expires at midnight local time.