Airline Financial Losses
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Bangladesh Bars SpiceJet From Using Airspace Over Unpaid Dues
Budget carrier SpiceJet has been barred from using Bangladesh's airspace over pending air navigation charges, forcing the airline to reroute certain flights and potentially raising fuel costs.
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Airlines To Face Fresh Turbulence As Passenger Growth Slows, Costs Rise: Ratings Agency
India's aviation sector is bracing for a challenging year ahead, with credit rating agency ICRA (Investment Information and Credit Rating Agency) projecting the industry's net losses at Rs 9,500-10,500 crore in the current financial year.
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UN Agency Predicts "Prolonged Depressed Demand" For Air Travel In 2021
The UN aviation agency on Friday predicted "prolonged depressed demand" for air travel and more financial woes for airlines, following a year of fewer flights and big losses blamed on the pandemic.
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India Considers Relief Package For Battered Airlines: Report
India on Tuesday said it was working on a relief package for a battered airline industry that an aviation consultancy forecasts will lose up to $1.9 billion this financial year, mainly from rising costs and low fares.
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What Made IDBI Give Rs 900 Crore To Vijay Mallya? Curious Case Of 2 Notes
When Vijay Mallya's Kingfisher Airlines was given a 900-crore loan by state-run lender IDBI, it was already entangled in a full-blown financial crisis. The loan was granted in 2009 - in March that year, the airline had declared losses of nearly 1,600 crores.
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Struggling, Malaysian Airline may need government bailout
Even before the loss of its Flight MH370, Malaysian Airline System (MAS) was bleeding cash, prompting talk that it may need another financial rescue from state investor Khazanah Nasional Bhd, its majority shareholder.
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Is your pilot getting a paycheck?
If you're flying an Indian airline these days, that's a legitimate question. India's once-booming airline industry is floundering as cash-strapped companies, some racking up steep losses, struggle to meet their financial obligations. Hundreds of unpaid and partially paid pilots are flying India's skies, and dozens are flying from India to internati...
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Bangladesh Bars SpiceJet From Using Airspace Over Unpaid Dues
Budget carrier SpiceJet has been barred from using Bangladesh's airspace over pending air navigation charges, forcing the airline to reroute certain flights and potentially raising fuel costs.
-
Airlines To Face Fresh Turbulence As Passenger Growth Slows, Costs Rise: Ratings Agency
India's aviation sector is bracing for a challenging year ahead, with credit rating agency ICRA (Investment Information and Credit Rating Agency) projecting the industry's net losses at Rs 9,500-10,500 crore in the current financial year.
-
UN Agency Predicts "Prolonged Depressed Demand" For Air Travel In 2021
The UN aviation agency on Friday predicted "prolonged depressed demand" for air travel and more financial woes for airlines, following a year of fewer flights and big losses blamed on the pandemic.
-
India Considers Relief Package For Battered Airlines: Report
India on Tuesday said it was working on a relief package for a battered airline industry that an aviation consultancy forecasts will lose up to $1.9 billion this financial year, mainly from rising costs and low fares.
-
What Made IDBI Give Rs 900 Crore To Vijay Mallya? Curious Case Of 2 Notes
When Vijay Mallya's Kingfisher Airlines was given a 900-crore loan by state-run lender IDBI, it was already entangled in a full-blown financial crisis. The loan was granted in 2009 - in March that year, the airline had declared losses of nearly 1,600 crores.
-
Struggling, Malaysian Airline may need government bailout
Even before the loss of its Flight MH370, Malaysian Airline System (MAS) was bleeding cash, prompting talk that it may need another financial rescue from state investor Khazanah Nasional Bhd, its majority shareholder.
-
Is your pilot getting a paycheck?
If you're flying an Indian airline these days, that's a legitimate question. India's once-booming airline industry is floundering as cash-strapped companies, some racking up steep losses, struggle to meet their financial obligations. Hundreds of unpaid and partially paid pilots are flying India's skies, and dozens are flying from India to internati...
