IndiGo is only behind Qatar Airways, which grew slightly faster at 10.4 per cent in the same period, according to the latest data from Official Airline Guide (OAG) based on 20 top airlines in the world.
Low-cost carriers (LCCs) like Air Asia and Ryan Air are among the best because they are frugal, have flexibility in operations and certain standardisation of aircraft and operations.
India's fifth largest software services firm Tech Mahindra will acquire global network services firm Lightbridge Communications Corporation (LCC) in an all-cash deal worth $240 million (over Rs 1,486 crore).
Siemens's share price has lost ground in the past few sessions following weak management commentary. The management indicated challenges to the growth outlook due to stagnant private capex and concerns over semiconductor shortages for digital industries. Government infra-spending may regain momentum from January 2025.
India is the third-largest domestic airline market in the world, up from number five position a decade ago, according to analysis based on OAG data. The data shows India's domestic airline capacity doubling in a decade from 7.9 million in April 2014 to 15.5 million in April 2024. In reaching the third slot, India has replaced Brazil (pushed to fourth place with 9.7 million) and Indonesia (relegated to fifth in the rankings with 9.2 million).
Air India Express and AirAsia India have moved to a unified reservation system, whereby passengers can make bookings for both airlines through an integrated website. The move is part of the ongoing process of merging AirAsia India with Air India Express. The combined entity will focus on leisure-oriented and price-sensitive markets.
Wrestler Divya Kakran defends WFI chief Brij Bhushan
Southwest Airlines remains the world's biggest low cost carrier (LCC), according to Centre for Asia Pacific Aviation (CAPA).
Southwest Airlines remains the world's biggest low cost carrier (LCC), according to Centre for Asia Pacific Aviation (CAPA).
Tata Group, which will now include Air India, Vistara, and Air Asia, has the highest market share of departures on the top 10 routes in the country. According to the data from Caladrius Aero Consulting, which tracked the departure data for eight airlines in August and September, Tata Group is ahead on all the top 10 routes ranked in accordance with the number of departures in August-September 2021. On the top 100 routes in terms of departures, Tata Group is ahead of its chief rival IndiGo on 30 of them.
Kingfisher's departure from the Low Cost Carrier (LCC) segment shows that running an LCC is no cakewalk, requiring a whole new management philosophy.
As competition in the low-cost carrier (LCC) space increases, many of them have doubled their advertising spending, increased promotional offers and even gone in for a completely new look and feel, as they take on growing competition from the likes of Kingfisher, Jet Airways and Air India.
Simplifly Deccan, the low-cost carrier (LCC) brand formed after the merger of full service airline Kingfisher and the LCC Air Deccan, may soon cease to exist.
With the United Progressive Alliance-II's tenure coming to an end, France had wanted India to sign a pact to provide government guarantee for completion of negotiation for 126 fighter aircraft with Dassault company but Defence Minister A K Antony has refused to do so.
Even as three Rafale fighters line up in Bengaluru for eye-popping aerobatics displays at the Aero India 2015 exhibition this week, senior ministry of defence sources say the proposal to buy the French fighter is "effectively dead".
IndiGo passengers, according to travel agents, would be given the option of pre-booking the services on the internet, or just walking into the lounge with their boarding passes, to avail of the facility.
From the beginning of 2021 Wipro has moved on to a new organisational structure. Analyst tracking the company are now wondering if CEO Thierry Delaporte's attempt to bolster Wipro's presence in the BFSI (banking, financial services and insurance) space by acquiring Capco for $1.45 billion is a step taken too early. Though many agree that Capco as a target may be good, but Wipro, which has been the most aggressive player in acquiring firms compared to its Indian players, does not have much to show in terms of performance as it continues to lag peers.
Faced with falling market share, full service airlines are slashing ticket costs to compete with low-cost carriers.
'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.'
Based on the Skytrax ranking for 2018, IndiGo is number two among the best low-cost carriers in Asia, behind rival AirAsia.
The Gurgaon-based carrier, which started its regional operations from Hyderabad last month, plans to have the hubs in Chennai, Ahmedabad, Bangalore, Kolkata and Delhi.
Airlines are also said to be cashing in on the Jat agitation which has virtually disconnected Delhi-Lucknow with many trains being cancelled.
Or else customers will face capacity shortages and high fares.
Else customers will face capacity shortages and high fares.
Long-haul low-cost carriers like Scoot and AirAsia X offer a similar configuration.
Seats being offered by LCCs in international routes up from 3% of the total last year to 10%.
Some maturity needs to come to the rationalisation of the fares for the sector to succeed.
Jet Airways, Kingfisher shift flights to low-cost platforms; experts expect a fare war. "Every year, airlines come up with cheap fares in the summer season, but not like this year. I had never seen airlines offering 50 per cent cash-back offers. Now with Jet Konnect and Kingfisher Red, there are more flights to the routes where LCCs used to dominate," says Bhawna Agarwal, co-founder and head of air business, Yatra.com.
The gap between the average fares of a full-service airline and a low-cost carrier for metro routes narrowed by a third in January, thanks to leading players cutting their fares quite dramatically to grab the market share.
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.
The government is looking into the complaints about the procedure to determine the winner of the multi-billion dollar combat aircraft deal, Defence Minister A K Antony said on Thursday while admitting that there was no money to sign such a big deal in this fiscal.
Passengers flying to West Asia can soon see fares going down by 10 to 30 per cent as Indian domestic operators such as Jet, its low-cost carrier (LCC) Jet Lite and Air Deccan are all set to fly to this market.
With the IAF having rejected variants of 4 of the contending aircraft -- the Super Hornet, F-16, Gripen C/D and MiG-35 -- in flight trials carried out between 2009-2011 in the MMRCA tender, are the current contenders improved enough to pass flight trials conducted to the same standards?
"The return fare on economy class to most European capitals from Mumbai are close to 50,000 plus. If an LCC can offer direct connectivity for a basic fare of 25,000 with additional top ups for meals, baggage and blankets, which further takes the fare to, say, 35,000, it is still a value deal."
Naresh Goyal, after being ousted with his wife from the board last week, and with his shareholding halved to 25 per cent, can still make a comeback by partnering a new investor and win back majority control.
The issues include not getting refunds on airline and hotel bookings, getting charged a service fee even if airlines have waived cancellation charges and so on. Complaints are piling up on Twitter, Facebook and other social media channels as more and more people cancel their travel plans due to the ongoing Covid-19 pandemic.
It and Vistara both book slots here; former also likely to launch Mumbai flights from early 2015.
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