Airline Losses
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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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Pakistan Lost Rs 4.1 Billion After Airspace Ban On Indian Flights: Report
Pakistan's airport body suffered a loss of Rs 4.1 billion in over two months due to the closure of airspace for Indian airlines, according to official data.
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Air India's '$600 Million In Losses Due To Pak Airspace Ban' Warning: Report
Air India may pay up to $600 million in extra costs after Pakistan shuts its airspace to Indian airlines, news agency Reuters said Thursday evening citing a company letter it had accessed.
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Inside Akasa Air's Struggles With Boeing Delivery Delays And Idle Pilots
Troubles at Akasa are among the starkest examples of how Boeing's troubles are crippling airlines globally and having a ripple effect on their planned expansions.
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PM Narendra Modi "Saddened" By Loss Of Lives In Mid-Air Collision In US
Prime Minister Narendra Modi extends condolences to the families of passengers who lost lives in a collision between two aircraft in Washington DC.
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Nepal Halts Helicopter Services in Everest Region After Protests
Nepal's airlines have halted helicopter flights to the Everest region after locals angry at the environmental impact and loss of income from trekkers threatened landing sites, aviation officials said Monday.
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United Airlines Offers Free 'Fantasy Flights' To See Santa At North Pole
Children with cancer or who have been orphaned by the loss of someone on active duty are taken aboard the short flight to the fantasy land.
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BJP MP Pragya Thakur Accuses Akasa Air Of Causing "Huge Loss". Airline Responds
Asaka Air on Friday said that the airlines regretted the de-boarding experience of BJP MP Sadhvi Pragya Singh Thakur and would investigate in detail the incident in which she alleged that staff attempted to create "huge loss" for her.
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Opinion: The Significance Of Tata Hiring Campbell Wilson As Air India CEO
As travel resumes and the carrier moves past the record annual loss it was reporting around this time last year, Chief Executive Officer Goh Choon Phong wants to pursue a multi-hub strategy, one in which airlines owned by it will benefit from aviatio
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India's Top Airline, IndiGo, Posts Larger Loss As Expenses Balloon
InterGlobe Aviation Ltd, the operator of India's biggest airline IndiGo, reported a larger loss for the fourth quarter on Wednesday as higher fuel costs more than offset a rebound in demand for air travel.
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New Sri Lanka PM To Sell Airline, Print Money To Pay Salaries
Sri Lanka's new government plans to sell its national airline to stem losses, part of efforts to stabilize the nation's finances even as authorities are forced to print money to pay government salaries.
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China Plane Lost 26,000 Feet In Under 3 Minutes Before Crash
The China Eastern Airlines plane with 132 people on board that crashed in mountains in southern China on Monday reported a sudden loss of cruising altitude - nearly 26,000 feet under 3 minutes, according to online flight tracker FlightRadar24.
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"Jet Airways 2.0 Will Fly Again By 2021 End," Says Man Handling Revival
On a day the National Companies Law Tribunal cleared the revival plan for the grounded Jet Airways, the consultant readying the airline's new avatar said it will take to the skies again by the end of 2021.
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Airlines Face $47.7 Billion Loss In 2021: Aviation Body
Airlines are forecast to lose $47.7 billion (39.7 billion euros) this year, worse than previously forecast, a global industry group said Wednesday as the sector struggles to recover from the coronavirus pandemic.
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United Airlines Says It Lost $7.1 Billion In 2020 Due To Pandemic, Eyes Partial Recovery
United Airlines on Wednesday reported it took a hefty loss in 2020 following the devastating hit Covid-19 did to travel, but the carrier eyed a partial recovery in 2021.
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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.
-
Pakistan Lost Rs 4.1 Billion After Airspace Ban On Indian Flights: Report
Pakistan's airport body suffered a loss of Rs 4.1 billion in over two months due to the closure of airspace for Indian airlines, according to official data.
-
Air India's '$600 Million In Losses Due To Pak Airspace Ban' Warning: Report
Air India may pay up to $600 million in extra costs after Pakistan shuts its airspace to Indian airlines, news agency Reuters said Thursday evening citing a company letter it had accessed.
-
Inside Akasa Air's Struggles With Boeing Delivery Delays And Idle Pilots
Troubles at Akasa are among the starkest examples of how Boeing's troubles are crippling airlines globally and having a ripple effect on their planned expansions.
-
PM Narendra Modi "Saddened" By Loss Of Lives In Mid-Air Collision In US
Prime Minister Narendra Modi extends condolences to the families of passengers who lost lives in a collision between two aircraft in Washington DC.
-
Nepal Halts Helicopter Services in Everest Region After Protests
Nepal's airlines have halted helicopter flights to the Everest region after locals angry at the environmental impact and loss of income from trekkers threatened landing sites, aviation officials said Monday.
-
United Airlines Offers Free 'Fantasy Flights' To See Santa At North Pole
Children with cancer or who have been orphaned by the loss of someone on active duty are taken aboard the short flight to the fantasy land.
-
BJP MP Pragya Thakur Accuses Akasa Air Of Causing "Huge Loss". Airline Responds
Asaka Air on Friday said that the airlines regretted the de-boarding experience of BJP MP Sadhvi Pragya Singh Thakur and would investigate in detail the incident in which she alleged that staff attempted to create "huge loss" for her.
-
Opinion: The Significance Of Tata Hiring Campbell Wilson As Air India CEO
As travel resumes and the carrier moves past the record annual loss it was reporting around this time last year, Chief Executive Officer Goh Choon Phong wants to pursue a multi-hub strategy, one in which airlines owned by it will benefit from aviatio
-
India's Top Airline, IndiGo, Posts Larger Loss As Expenses Balloon
InterGlobe Aviation Ltd, the operator of India's biggest airline IndiGo, reported a larger loss for the fourth quarter on Wednesday as higher fuel costs more than offset a rebound in demand for air travel.
-
New Sri Lanka PM To Sell Airline, Print Money To Pay Salaries
Sri Lanka's new government plans to sell its national airline to stem losses, part of efforts to stabilize the nation's finances even as authorities are forced to print money to pay government salaries.
-
China Plane Lost 26,000 Feet In Under 3 Minutes Before Crash
The China Eastern Airlines plane with 132 people on board that crashed in mountains in southern China on Monday reported a sudden loss of cruising altitude - nearly 26,000 feet under 3 minutes, according to online flight tracker FlightRadar24.
-
"Jet Airways 2.0 Will Fly Again By 2021 End," Says Man Handling Revival
On a day the National Companies Law Tribunal cleared the revival plan for the grounded Jet Airways, the consultant readying the airline's new avatar said it will take to the skies again by the end of 2021.
-
Airlines Face $47.7 Billion Loss In 2021: Aviation Body
Airlines are forecast to lose $47.7 billion (39.7 billion euros) this year, worse than previously forecast, a global industry group said Wednesday as the sector struggles to recover from the coronavirus pandemic.
-
United Airlines Says It Lost $7.1 Billion In 2020 Due To Pandemic, Eyes Partial Recovery
United Airlines on Wednesday reported it took a hefty loss in 2020 following the devastating hit Covid-19 did to travel, but the carrier eyed a partial recovery in 2021.
