Airlines Financial News

Federal officials are looking into an engine fire on a Southwest Airlines plane

Air India employees, CEO Campbell Wilson expressed gratitude for their hard work and dedication, which he credited for the airline's progress over the past year. He also announced that the annual appraisal cycle is currently underway and will be retroactively effective from April 1. «The end of the Financial Year also caps off the annual appraisal cycle which has been underway for some time, as well as allows us to tally our annual financial results,» he added in the first 'Friday Message' of 2024-25 to employees. «Please bear with us whilst this important but necessary process runs its course.» Wilson highlighted Air India's ambition to become «a world-class, global airline with an Indian heart,» noting the accelerated progress of its Vihaan.AI initiative. He also mentioned the successful onboarding of the first batch of cadet pilots, who are set to begin ground training in the US. Additionally, he acknowledged the cabin crew for clearing the backlog of training batches, leading to the addition of the 4,000th crew member since privatization.

Mint in an exclusive interaction. Secondary markets (non-metro cities) are rapidly becoming a very important market size-wise for the growth that these cities are experiencing and these airports are experiencing. "In order to allow us to use our infrastructure more efficiently, we are in talks with airlines to serve those secondary markets.

Federal officials are investigating whether a Southwest Airlines flight veered off course and flew over the air traffic control tower at LaGuardia Airport last month

Alaska Airlines says Boeing has paid $160 million in initial compensation for losses that the airline suffered after a panel blew off one of its Boeing 737 Max 9 jetliners in January

Federal officials are issuing a preliminary report about a United Airlines jet that slid off a taxiway at a Houston airport last month

Alaska Air Group said on Thursday that Boeing had paid about $160 million to the airline in the first quarter as initial compensation to address the hit from the temporary grounding of 737 MAX 9 jets. The payment is equivalent to lost profits in the quarter, the carrier said in a filing, adding it expects additional compensation.

SpiceJet has resumed its flight operations to Pakyong airport in Sikkim from Kolkata and Delhi, the airline said on Thursday. The Delhi-Pakyong route will be operational five days a week, while the Kolkata-Pakyong flight will operate daily, it said. The airline said in a statement that it has also launched non-stop flights between Hyderabad and Ayodhya from Tuesday. «We are happy to enhance connectivity to Ayodhya and Pakyong ahead of the forthcoming peak travel season. With an expanding fleet, we are poised to launch new routes and reinstate services on key ones,» the statement quoted Debojo Maharshi, Chief Business Officer, SpiceJet, as saying.

₹80,000 and ₹1,40,000. Vistara's sticky wage problem holds lessons for the Tata Group However, Vistara CEO Vinod Kannan claimed that the pilot shortage triggered as they reached their flight duty time limit. Kannan said the management will revise the roster to take pressure off the pilots from May onwards.

Vistara is under regulatory scrutiny after scores of its flights got either cancelled or delayed this week. India’s aviation regulator has asked the airline for daily status reports on its flights, which have been disrupted by a crew shortage. Disgruntled pilots have been calling in sick, as reported, in protest against pay revisions as part of the airline’s merger with Air India.

NEW DELHI : Vistara has blamed poor rostering for a wave of flight cancellations at the full-service carrier, warning it may have to curtail its network for May as well to gradually stabilize operations, two people aware of the development told Mint. Chief executive officer Vinod Kannan addressed Vistara's pilots on Wednesday following a string of flight delays and cancellations that left thousands of passengers stranded. Over the last two days, more than 100 flights of the airline have been cancelled and a large number of flights have faced delays, as disgruntled pilots have called in sick en masse.

regional airline, has partnered with IBS Software to power its commercial operations. FLY91 aims to provide an air alternative to road and rail travel across underserved routes in India. IBS Software has created a reservation experience designed to deliver a simple, efficient and cost-effective experience, to attract and retain customers, a press release from the company said on Wednesday. «By implementing IBS Software's modern omni-channel iFly Res commerce platform, FLY91 will not only create a compelling user experience powered by the platform's rich set of APIs and flexible rules engine, but also deliver dynamic pricing. „These real-time dynamic and personalised pricing capabilities are a vital tool in delivering the most cost-effective fares and ensuring pricing is competitive with alternative modes of transport,“ IBS Software said in the release.

Kriti Sanon says she along with co-stars Tabu and Kareena Kapoor Khan would love to reunite for a potential sequel. "Crew" follows three air hostesses — played by Tabu, Kareena and Kriti — whose future seems uncertain as their airline Kohinoor is on the verge of bankruptcy, until they find a dead passenger smuggling gold biscuits. Directed by Rajesh A Krishnan, the film has grossed Rs 70.73 crore worldwide within four days of its release. It is produced by Anil Kapoor Film & Communication Network and Balaji Motion Pictures. Sanon said she is game for reprising the role of the nerdy dreamer Divya Rana from 'Crew', if writers Nidhi Mehra and Mehul Suri come up with a good script.

More and more businesses are taking advantage of the total solar eclipse set to dim skies across North America next week

Vistara’s public image has taken a severe beating in the last few days. Aviation regulator DGCA on Tuesday asked the airline to file daily reports on flight cancellations and delays. A senior airline official said that the airline is analysing the reason for disruption and expects to bring it under control by this week.

Last year, while Air India was sealing the biggest commercial aviation deal in history by ordering 470 jets from Airbus and Boeing, Ladakh MP Jamyang Tsering Namgyal delivered a fiery speech in Lok Sabha on exorbitant airfare on the Delhi-Leh route and its fallout on patients and students, among others. One-way fare from Delhi to Leh was persistently above Rs 30,000 in the second week of February last year, according to news reports. Namgyal said fares in the sector touched Rs 80,000 when he checked online. While India's aviation sector is growing, more and more people are flying, airlines are adding more aircraft and airports are being built even in far corners, flyers are complaining about delays, cancellations, low quality of service and fares jumping to new highs.

Vistara pilots continue to protest against pay revision, at least 15 senior first officers resigned from the airline recently, sources said on Tuesday. The airline operates a little over 300 flights daily and has a fleet of 70 planes comprising A320-family aircraft and Boeing 787s. Over the past few weeks, the Tata Group airline has been grappling with simmering discontent among pilots, with many first officers of its A320 fleet reporting sick. The sources said at least 15 senior first officers resigned from Vistara and joined a domestic budget carrier.

United Airlines is asking its pilots to take time off in May because the airline isn't getting as many new planes from Boeing as it expected

on April 2, as per an NDTV report. Further, PTI has quoted sources saying that as many as 70 flights could be cancelled on April 2 (today). Since April 1, the airline has cancelled more than 50 flights and delayed at least 160 more.

Vistara, after canceling approximately 50 flights the previous day, is anticipated to cancel around 60 flights on Tuesday, according to sources cited by The Times of India. As per PTI sources more flights are expected to be cancelled on Tuesday and the number could go up to 70. To address the continuous flight disruptions caused by a shortage of pilots, the airline has introduced measures to mitigate the situation. These measures entail scaling down flight operations and deploying wide-body aircraft on domestic routes to assist stranded passengers.

₹11.3 trillion worth of new projects were announced across the country during the three months through March, two times the figure in the December quarter, showed provisional data from the project-tracking database of the Centre for Monitoring Indian Economy (CMIE). However, the year 2023-24 ended with ₹27.1 trillion worth of new projects being announced, down nearly 31% after two successive years of sharp growth. The decline in 2023-24 can largely be attributed to the high base of the previous year, when Air India had announced a ₹6.6-trillion deal to buy aircraft in February 2023.