IndiGo CEO Ronojoy Dutta announced on Thursday that the airline was instituting pay cuts for senior employees and he would himself take the highest cut of 25 per cent amid the novel coronavirus pandemic that has hit the aviation industry hard.
Domestic air traffic in the first two months of this year fell by 3.57 per cent compared to the same period last year.
This will make buying tickets on airlines' websites cheaper as it will not include the transaction fee.
The first Indian civil aviation minister to fly for a commercial airline -- Rajiv Gandhi has been the only prime minister to do so -- Rudy started his job with IndiGo from January 4.
The airline pitches its product and service, keeps silent about price in a new campaign as it looks to win over young business travelers.
Former Civil Aviation Minister and Bharatiya Janata Party (BJP) national spokesman Rajiv Pratap Rudy has been hired as a co-pilot with Delhi-based private airline IndiGo Airlines on an honorary basis.
The aircraft involved in the incident were operating on Coimbatore-Hyderabad and Bengaluru-Cochin routes.
Last year, air traffic grew by 9.7%.
The Foreign Investment Promotion Board on Friday gave conditional approval to the proposal of InterGlobe Aviation which would pave the way for fresh foreign direct investment in private air carrier IndiGo.
In a move that signals a fresh round of consolidation in the recession-hit aviation industry, budget carrier SpiceJet may pick 7.5 per cent stake in another low-cost airline IndiGo.
Latter's market share rises to 36.1% in Dec; best on-time performance across metro airports
No-frills carrier IndiGo's market share stood at 36.8 per cent in February while that of Jet Airways was 18.4 per cent.
'Domestic will remain very much the core of what IndiGo is.' 'But the emphasis in our next growth phase is going to be on the international side.'
Sources say the arilines has inducted a senior pilot from IndiGo to head its safety team.
No IndiGo flights will be available on the Mumbai-Bangkok route from March.
Rahul Bhatia set up IndiGo and the Ibis hotels in India.
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
There was no word from IndiGo's CEO Aditya Ghosh.
Aviation consultancy CAPA on Thursday said allowing domestic airlines to take advance bookings from April 15 is "unfair" to consumers since a decision on lifting the nationwide lockdown is yet to be taken. During the lockdown period only special flights approved by aviation regulator Directorate General of Civil Aviation, medical evacuation flights and those carrying cargo, including medical equipment, to and from different parts of the country are operational.
Rakesh Gangwal had raised concerns that various RPTs involving Bhatia's InterGlobe Enterprises Group were executed without seeking the audit committee's approval and without seeking competitive bids from third parties.
Bharti Airtel, the country's largest mobile operator, has already joined the global Seamless Alliance to provide in-flight connectivity.
India's domestic air passenger traffic nearly doubled to 1.25 crore in January compared to 64.08 lakh recorded in the year-ago period, according to official data released on Monday. In January, IndiGo saw its domestic market share decline for the fifth consecutive month at 54.6 per cent. It carried 68.47 lakh passengers last month.
Ghosh said the Tata Trusts Cancer Care Initiative is one of the largest health care programmes in the world
IndiGo gained a market share of 14.7 per cent, closely followed by Kingfisher Red at 13.3 per cent whereas Kingfisher slipped two notches to the fifth position at 11.6 per cent. Kingfisher stood at No.3 in October, followed by Kingfisher Red and IndiGo at fourth and fifth, respectively.
Aircraft lease rentals are fixed costs and account for around 15 per cent of an airline's expense and since these are paid in dollars are also subject to currency fluctuations.
'Our focus is not going to be metro to metro routes.' 'We will begin by focusing on metro to non-metro (routes).' 'Metro to tier-2 cities or tier-3 cities is where there is a lot of space for affordable, efficient carriers.'
154 people on board an IndiGo aircraft had a narrow escape on Wednesday following a problem in its landing gear that caused thick smoke to emanate after touching down at the airport in New Delhi, leaving some passengers with minor injuries during evacuation.
The Tata Group-owned Air India has readied a five-year transformation plan, which is expected to take its domestic market share to 30 per cent, up from 8.4 per cent logged in June. IndiGo leads with a market share of 58.8 per cent. The transformation plan--Vihaan.AI-unveiled on Thursday revolves around tripling the domestic market share with investments in new aircraft, technology and improvements in customer service.
Over 600 slots at three major airports - Heathrow, Dubai and New York's JFK International - could be at stake.
Spicejet receives maximum complaints regarding refunds
Akasa Air's plane occupancy, or load factor, improved the most among all major carriers in April compared to the last month. Load factor signifies the percentage of seats that the airline has been able to fill in its planes. The Vinay Dube-led carrier, which started commercial flights in August last year, saw its load factor jump by more than 11 per cent in April, according to the Ministry of Civil Aviation's data
IndiGo will add Nagpur to its flight map from October 20 with daily flight to Mumbai and Kolkata.
Since the company's senior management was privy to the price-sensitive information of Ghosh's resignation, Sebi wanted to check whether the information was disseminated properly to bourses
Low-cost airline IndiGo on Tuesday said it has no plans to take on-board an overseas partner to expand its business.
Tata Group-owned Air India, under its new chief executive officer and managing director Campbell Wilson, is optimising its domestic strategy under which the carrier is "densifying" its presence on metro-to-metro routes and exiting from unviable ones, Business Standard has learnt. Wilson took charge on July 25. Air India has increased its flights on metro-to-metro routes such as Delhi-Mumbai, Delhi-Bengaluru, Mumbai-Chennai, Mumbai-Bengaluru, and Hyderabad-Mumbai between June and November this year.
Airfares on major domestic routes from Chennai surged as flight operations at the airport were disrupted due to strong winds and torrential rain that lashed the city in the wake of Cyclone Michaung on Monday. According to ixigo data, on December 5, one-way spot airfares from Chennai to cities like Mumbai, New Delhi, Hyderabad, Bengaluru, and Kolkata rose between 52 per cent and 171 per cent compared to prices three to seven days prior. The Chennai-Mumbai route, the busiest flight route from Chennai airport, saw airfares surge 68.6 per cent from Rs 3,728 to Rs 6,286 in the aforementioned period.
Airlines like IndiGo and Jet Airways have been quick to take the cue to keep their fuel costs under check.
Analysts have questioned the Aditya Ghosh-led company's negative net worth due to a huge dividend payout ahead of an IPO.
This issue was recently decided by the South Mumbai Forum.
Civil Aviation Minister Ashok Gajapathi Raju has sought an independent probe by the Directorate General of Civil Aviation after a video surfaced on Tuesday showing an IndiGo ground staff brawling with passenger Rajeev Katiyal at the Delhi airport last month.
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