Airline Industry News
Airline industry officials say the decision by AT&T and Verizon to delay activating 5G towers near many airports has defused the situation
As per the order, a list will be drawn based on suitability, efficiency, competence and quality of performance as well the current health of the employee
Australia’s second-biggest airline, Virgin Australia, collapsed on Tuesday, putting 16,000 jobs under threat as the cash-strapped carrier announced that it entered voluntary administration to recapitalise the business after being battered by the coronavirus pandemic, which has crippled the global airline industry
Coronavirus Outbreak: British Airways puts about 28,000 employees on furlough; to give 80% of their usual salary
The assistance to the British Airways' staff may also include funding by the UK government up to $3,095 a month under a national plan, the report said.
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.
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.
Rating agency Icra on Monday lowered credit ratings on Jet Airways' short-term and long-term loan facilities citing weakened financial performance
Flying may get expensive: Domestic airline cos to increase air fares as GST to pinch cost of operations
The government will levy tax on any import of spare components by airline companies under GST, which is not taxable under the current regime
There's a risk that 'private charter' services aimed at the 'common man' may end up falling between two stools: being priced rather more for the business traveller, but without the efficiency of time that such travellers typically expect.
The slowing economic condition has taken a toll on global air traffic, said IATA chief Tony Tyler, as it showed a general downward trend in May with Indian domestic traffic recording a meagre year-on-year rise of 0.1 percent.
The airline is likely to hold on to that status for some time to come, as it struggles to cut costs. There's no doubt the mood, nevertheless, is turning mildly upbeat.