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.
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.
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.
No frills airlines SpiceJet and IndiGo have merged fuel surcharge with the base fares, saying it would simplify the prevailing fare structure.
ir India provided facilities such as refreshments, 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
Currency depreciation also hits earnings of all domestic carriers
IndiGo carried 12.05 lakh passengers last month, followed by Jet Airways-JetLite combined flying 11.01 lakh.
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.
Private airlines Jet Airways and IndiGo joined the race for low-fares, offering their customers hefty discounts, after Air India rolled out a similar offer to challenge Vistara, the latest full-service entrant in the domestic market.
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.
IndiGo has previously placed orders for 100 A320s and 180 A320neo planes.
19 per cent of all travel in India (by bus, train or air) was pilgrimage or religious travel (possibly the single largest after business and family-related travel), discovers Ambi Parameswaran.
Competition is intense and with the blurring of differences in service proposition and fares, it becomes imperative that airlines use their on-time performance for messaging and brand building.
Largest low-cost airline posted an 18 per cent growth in net profits.
Domestic air traffic grew by over 18 per cent last month compared to October last year as Air India's passenger load factor overshot that of IndiGo which had the largest number of flight cancellations, official data showed on Monday.
Anticipating a weak demand in the traditionally lean January-March period, most domestic airlines on Tuesday reduced fares massively after no-frills carrier SpiceJet announced a steep 50 per cent discount on base fares and fuel surcharges across sectors.
It is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested, the minister said.
Will build on its existing strengths. Plans to include more fuel-efficient A-320 N and offer better connectivity.
Only two no-frill carriers, IndiGo and SpiceJet, have applied for permission for more flights from the DGCA this season than they did last year, official sources said, adding that other airlines have scaled down the number of flights they wish to operate this year.
The future certainly looks good for Bangalore.
In August, IndiGo makes its international debut with a nine-aircraft fleet to fly to destinations in Southeast Asia and West Asia.
Rahul Bhatia and Rakesh Gangwal - the founders of IndiGo - will possibly face each other with deep mistrust, which the board chairman, M Damodaran, will attempt to defuse.
A total of 406 aircraft are in the fleet of eight scheduled airlines in the country, most of which were suffering losses, Lok Sabha was informed.
Indian carriers transported 12.8 million domestic passengers in March 2023, a year-on-year growth of 21.41 per cent. India's largest carrier IndiGo shored up its domestic market share from 53.8 per cent in Q4 of FY22 to 55.7 per cent in Q4 of FY23, according to the Directorate General of Civil Aviation (DGCA) data released on Monday.
Market leader IndiGo on Friday followed its rivals and raised fares by 25 per cent to offset the impact of rupee fall and spike in international crude prices.
Airbus claims the new aircraft is 15 per cent more fuel efficient than the exiting versions of A320
Low-cost carrier SpiceJet's share price went up 9.5 per cent at the Bombay Stock Exchange today in an otherwise flat market fuelled by speculation that the airline was in merger talks with another Delhi-based low-cost carrier, IndiGo.
Airlines are now pushing up fares and hopes to improve margins over the next three months to make up for the poor September quarter, even if it leads to a slight fall in their passenger load factor.
The Aircraft Acquisition Committee of the civil aviation ministry, which approved the IndiGo request in principle, also gave similar approval to a proposal of the Chennai-based business class airline Paramount Airways to acquire 10 aircraft from the Canadian aircraft manufacturer Bombardier and European ATR, official sources said.
Vistara has entered a country that has been sobered down to reality.
The 28-member Kerala Strikers team, en route to Hyderabad to participate in the ongoing Celebrity Cricket League, were on Friday deplaned from an Indigo Airlines Kochi-Hyderabad flight for alleged misbehaviour with the crew.
In a bid to cash in on upcoming summer holiday season, low-cost carriers SpiceJet and IndiGo on Tuesday launched the fourth round of price war in the bleeding aviation sector, offering massive discounts on tickets.
InterGlobe Aviation, the parent of the country's largest airline IndiGo, will convene a shareholders' meeting on December 30 to amend the company's Articles of Association (AoA) following a joint request from its promoters. The promoters -- Rahul Bhatia and Rakesh Gangwal -- together with their related entities and individuals own 77.4 per cent stake in InterGlobe Aviation. In a regulatory filing on Monday, the company said it will convene an Extraordinary General Meeting (EGM) on December 30 to amend the AoA to remove restrictions on transfer of shares by the promoters.
An executive of a private airline said even though volume picked up, it will be difficult for airlines to make money as fares have remained low even during festive season.
Even if you assume a higher return fare of Rs 40,000, the yield will still be lower than the costs.
With low-visibility conditions significantly disrupting flight operations at the Delhi airport, Civil Aviation Minister Jyotiraditya Scindia on Monday said all stakeholders are working round-the-clock to minimise fog-related impact as well as passenger inconvenience, and asserted that unruly passenger behaviour is unacceptable.
Domestic carriers flew 28 per cent more people last month compared to a year ago, as no-frill carrier IndiGo remained the market leader by cornering 28 per cent share.
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