Airline Industry

Airline industry braces for prolonged recovery from coronavirus crisis; half the world's airplanes in storage

Carriers including United Airlines Holdings Inc and Air New Zealand Ltd have warned they are likely to emerge from the coronavirus crisis smaller, and there are fears others may not survive.

Coronavirus pandemic: Global airlines stare at bankruptcy by May-end amid plunging travel demand, warns CAPA

AirAsia CEO Tony Fernandes and chairman step aside as Airbus bribery allegations probed; airline shares drop

Tony Fernandes, one of the aviation industry’s best known executives, and Kamarudin will remain advisers, however, “in view of the current difficult economic circumstances facing the airline industry”, the company added

After challenging year for aviation, improvement expected for 2020; global airline industry to produce net profit of $29.3 bn: IATA

The highlights of the expected 2020 performance of the world airline industry include the return on the invested capital forecast to be 6 percent as compared to 5.7% expected in 2019.

After fighting several battles, Naresh Goyal forced to retire from Jet Airways; where is airline headed without him in charge?

Naresh Goyal continues to be the biggest individual stakeholder in the airline, holding over 25 percent of the company even after the bank transaction closes.

Jet Airways defaults on loan repayments: Continuing with existing management may not help; new team is needed in cockpit

Jet Airways needs a large capital infusion along with the restructuring of its operations, including curtailing unviable routes in its network

Icra assigns negative outlook to domestic airline industry; passenger traffic growth to remain healthy

This high growth was initially propelled by low jet fuel prices and later due to the excess capacity in the market, which have forced the airlines to keep fares low and deal with competition.

Icra downgrades Jet Airways' long-term borrowing programme amid steep increase in fuel prices, rupee depreciation

Rating agency Icra has downgraded Jet Airways’ long-term borrowing programme to B from BB

Airline industry in 'great stress' due to high fuel prices and fall in rupee; fares likely to go up: SpiceJet chief Ajay Singh

On why airlines are not able to increase fares, the SpiceJet chairman and managing director said it has all happened at a time when the season is a little weak.

Icra lowers ratings on Jet Airways' loan facilities following weak Q4 financial performance

Rating agency Icra on Monday lowered credit ratings on Jet Airways' short-term and long-term loan facilities citing weakened financial performance