IndiGo on Wednesday reported a net loss of Rs 1,681 crore in the quarter ending March due to Omicron wave, high fuel costs and weakening rupee. This year's Q4 loss was 46.6 per cent more than the loss incurred by the airline in the corresponding period a year ago, the airline's statement mentioned. India's largest airline's total net loss of 2021-22 was Rs 6,161 crore as compared to Rs 5,806 crore net loss that it incurred in 2020-21, it mentioned.
As the global aviation sector slowly recuperates from the aftermath of 9/11 terrorist attack and the SARS menace, competition between traditional rivals Airbus and Boeing is hotting up. Take the Rediff Business
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A picture of glamour and grit in the face of an emergency, the air hostess, flight attendant or air stewardess is often the hero we didn't know we needed.
Cash-strapped Kingfisher had the best on-time performance in the last three years and low cost airline IndiGo registered the highest passenger load factor while national carrier Air India remained the worst performer on both the parameters.
'After 11 years of medical education, training in various hospitals, giving various competitive exams and finally, if you're able to save a child's life at 20,000 feet above the ground, in the air, with limited resources, that is like an unbelievable feeling.'
'I hope they all survive, but it is a tough world.' 'The carriers who are already established are already struggling.'
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His Brazilian fans loved him for his idiosyncratic personality and unapologetic nationalism. He liked to say he was born with victory at his side and was rarely shy to challenge those who said his teams were too defensive.
Limits imposed on domestic airfares will be removed from August 31, after a span of approximately 27 months, the Union aviation ministry said on Wednesday. "The decision to remove air fare caps has been taken after careful analysis of daily demand and prices of air turbine fuel (ATF). "Stabilisation has set in and we are certain that the sector is poised for growth in domestic traffic in the near future," Aviation Minister Jyotiraditya Scindia said on Twitter.
The flight, carrying 216 passengers and 16 crew, landed safely, the Tata Group-owned private carrier said in a statement Tuesday evening.
Earlier this month, Air India issued show cause notices to the Pilot-in-Command and four crew members of the flight and derostered them pending investigation.
Flight AI173 from Delhi was diverted to Magadan in Russia on Tuesday owing to an engine glitch, the Tata Group-owned private carrier said in a statement.
IndiGo had on May 9 said the boy was denied permission to board the Ranchi-Hyderabad flight as he was visibly in panic.
'As part of our D33 strategy, the plan is to establish 30 unicorns in Dubai within the next 10 years.'
An overriding ambition to rule the domestic skies prevented Jet Airways from becoming a strong and formidable player in the international market. The Sahara buy added to the complexity of its operations and a dilution of what the airline stood for, says Anjuli Bhargava.
The Tata group has begun its second innings with Air India from a war zone. Being first up in Operation Ganga to evacuate Indian nationals from Ukraine, the salt-to-software conglomerate has faced a real war. But the fire-fighting that the group experienced in appointing a chief executive officer (CEO) for the airline that it acquired from the government in a Rs 18,000-crore deal recently may have felt no less.
This is the first time domestic players have announced steep cuts.
Tata Group chief N Chandrasekaran on Thursday reached out to employees of Air India asking them to work together to build the airline that the country needs, while asserting that the "golden age" of the carrier lies ahead. In a welcome letter to the employees of Air India, after the Tata Group took over the management and control of the airline, Chandrasekaran, chairman of Tata Sons, reflected on the airline's "brilliant past" but said the entire nation is now waiting to see what "we will achieve together". "From the day of the announcement (of Tatas winning the bid), one word has been on everyone's lips: Homecoming.
The world's 10 longest non-stop flights criss-cross the world, cutting down travel time and making journeys easier and comfortable.
It offers a real opportunity for the flag carrier to compete on the world stage, backed by a leading conglomerate with deep pockets like the Tatas, observes Indrajit Gupta.
Ace stock market investor Rakesh Jhunjhunwala-promoted starup carrier Akasa Air on Monday unveiled the first look of its crew uniform as it gets ready for take-off likely by this month-end. Akasa Air, which received the delivery of its first Boeing 737 max aircraft in India on June 21, also plans to conduct proving flights this week, following which it will get the Air Operator Permit for launching commercial operations. The uniform fit focuses on providing the best possible stretch to ensure their comfort over their busy flight schedules, the company said in a statement.
WhatsApp on Wednesday announced the expansion of its payments service in India to make it easier for people transacting with businesses to pay for purchases directly in the chat, with a choice of UPI apps, including rival digital payment options, as well as credit and debit cards. Meta founder and CEO Mark Zuckerberg asserted that India is leading the world in people and businesses embracing messaging. WhatsApp said it is working with partners Razorpay and PayU "to make paying for something as simple as sending a message", as the Meta-owned platform unveiled a host of new features to woo businesses in India's booming commerce market.
The move is a reversal of its earlier decision, when the airline said it would not absorb the price difference and advised customers to pay the fare difference or receive a refund, according to media reports.
Initiating a fare war on global routes, Qatar Airways and Singaporean budget carrier Tigerair have announced massive limited-period discounts hoping to corner a chunk of the Indian travel market share.
The World Airport Awards are based on the results from 9.8 million questionnaires completed by 100 different nationality of airline passengers in 2009/2010.
Pasta procured in Italy cooked up with lightly braised vegetables that can be mimicked in India.
Top management should tighten its belt before it starts asking others to do so.
There's an entire gurdwara dedicated to immigration. People present tiny airliner models here in the hope that Waheguru will soon give them a ticket, passport and visa to leave, reveals Shekhar Gupta.
We are only 9-10 months into the turnaround exercise: Maran
Mayank Goyal, founder and CEO, moneyHOP, will answer queries related to how to best manage your money while travelling internationally.
Despite the best ever quarterly net profit of Rs 3,091 crore during April-June of financial year 2023-24 (Q1FY24), challenges are mounting for InterGlobe Aviation-run IndiGo in the near term, said analysts. Given this, most brokerages have retained their ratings from 'buy to underperform', as well as their target price for the stock. For instance, Motilal Oswal Financial Services has retained its 'neutral' rating on the scrip as it believes the low-cost airline is facing teething issues at present.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
Become a member of the 100 mile club and redeem it in the blue yonder.
Jet Airways, which is preparing to relaunch operations next year, on Friday said it is in "advanced discussions" with Boeing and Airbus for buying and leasing planes. The grounded airline has been acquired by Murarilal Jalan-Kalrock Capital consortium under the insolvency resolution process. The ongoing discussions are part of the grounded airline's revival plan approved by the Mumbai bench of the National Company Law Tribunal (NCLT), the airline said in a regulatory filing on Friday.
Rediff.com encapsulates all the sporting action from the past week in this eye-catching photo feature.
Ending its uncomfortable journey in India after eight years, Malaysia-based AirAsia Group on Wednesday said it has exited AirAsia India by selling its remaining 16.67 per cent stake to Tata Group-owned Air India for Rs 155.64 crore. Later in the day, Air India said it has begun the process of creating a single low-cost carrier subsidiary by merging AirAsia India and Air India Express. A working group consisting AirAsia India CEO Sunil Bhaskaran and Air India Express CEO Aloke Singh has been formed for the two carriers' integration, which is expected to take approximately 12 months, it added.
With better utilisation of slots, foreign flying rights, and greater international connections, the operator of India's largest airport feels a privatised Air India will bring commercial benefit to Delhi airport and help it revive quicker from the pandemic shock. Delhi is the largest hub for Air India, with most of its long-haul flights to the US and Europe being operated from here. The airport plans to give its most modern terminal 3 (T3) exclusively to the Tata Group.
'The pipeline of new industrial projects is the best I've seen in the last 10 years, and it looks solid enough to sustain for at least a few quarters,' points out Naushad Forbes, adding, 'It is only when we get back to the same labour force participation we saw before Covid that the economy will have truly recovered.'
