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Air India to send some employees on compulsory leave without pay for up to five years
India

Air India to send some employees on compulsory leave without pay for up to five years

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

India's domestic air passenger traffic fell by 11.8% in March due to coronavirus outbreak: IATA
Business

India's domestic air passenger traffic fell by 11.8% in March due to coronavirus outbreak: IATA

Indian domestic air passenger traffic fell by 11.8 percent in March as compared to the corresponding month last year, indicating the impact of COVID-19 on the country's aviation sector, stated global airlines body IATA on Wednesday

Coronavirus pandemic likely to hit 29 lakh jobs in Indian aviation, dependent sectors; Rs 85,000-cr revenue loss : IATA
Business

Coronavirus pandemic likely to hit 29 lakh jobs in Indian aviation, dependent sectors; Rs 85,000-cr revenue loss : IATA

The coronavirus pandemic is expected to impact more than 29 lakh jobs in the Indian aviation and dependent industries, global airlines' grouping IATA said on Friday

Coronavirus Impact: Two SpiceJet lessors in talks to terminate contracts, reclaim planes over missed payments, says report
Business

Coronavirus Impact: Two SpiceJet lessors in talks to terminate contracts, reclaim planes over missed payments, says report

One of the leasing companies started to pull out a few planes earlier this year after SpiceJet failed to pay maintenance fees due since late last year

Jet Airways collapse one year-ago was a reflection of challenging environment in India: IATA
Business

Jet Airways collapse one year-ago was a reflection of challenging environment in India: IATA

The collapse of Jet Airways was a reflection of the challenging environment in the country, including high operating costs and a regulatory regime that restricts the ability of airlines to operate as normal commercial businesses, according to the IATA

Coronavirus Outbreak: Over 20 lakh jobs at risk in Indian aviation, dependent sectors, IATA says
Business

Coronavirus Outbreak: Over 20 lakh jobs at risk in Indian aviation, dependent sectors, IATA says

More than 20 lakh jobs are at risk in India's aviation space and dependent sectors in the wake of the coronavirus pandemic, according to global airlines' grouping IATA

Coronavirus Outbreak: Airline ticket refunds row escalates as sector stares at huge job losses
Business

Coronavirus Outbreak: Airline ticket refunds row escalates as sector stares at huge job losses

Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus air travel downturn, and held out against offering refunds to passengers as cash runs out

Coronavirus Outbreak: British Airways puts about 28,000 employees on furlough; to give 80% of their usual salary
Business

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.

Coronavirus Outbreak: Mideast airlines lose over Rs 50,000 crore as airports shut, says IATA
Business

Coronavirus Outbreak: Mideast airlines lose over Rs 50,000 crore as airports shut, says IATA

Seven Middle Eastern countries have suspended all commercial flights due to a fast-spreading new virus as the aviation industry's largest trade association announced on Thursday that airlines in the region have already lost more than $7 billion in revenue

Govts offer financial lifelines to airlines, at a price; IATA forecasts industry to require up to $200 billion of state support
Business

Govts offer financial lifelines to airlines, at a price; IATA forecasts industry to require up to $200 billion of state support

Even with financial assistance, airlines around the world are placing thousands of workers on unpaid leave as they slash passenger capacity, deepening the shocks to local economies.

Govt mulls up to Rs 12,000 cr rescue plan for aviation sector battered after coronavirus outbreak: Report
Business

Govt mulls up to Rs 12,000 cr rescue plan for aviation sector battered after coronavirus outbreak: Report

The Finance Ministry is considering a proposal that includes the temporary suspension of most taxes levied on the aviation sector, including a deferment of aviation fuel tax, said the sources, who have direct knowledge of the matter.

Airlines expected to outlive COVID-19 pandemic scare with resized business; govt support vital to see through turbulence
Business

Airlines expected to outlive COVID-19 pandemic scare with resized business; govt support vital to see through turbulence

Globally, airlines have focused on becoming bigger to ensure their customers don’t have to look elsewhere for their travel needs.

Travel industry under siege as coronavirus contagion grows; IATA urges govts to consider extending credit lines, tax cuts
Business

Travel industry under siege as coronavirus contagion grows; IATA urges govts to consider extending credit lines, tax cuts

US travel curbs on much of continental Europe announced by President Donald Trump on Wednesday deepened the sector’s misery that began after the virus emerged in China late last year and reduced traffic.

Coronavirus outbreak: Airlines stare at uncertainty this quarter; situation likely to improve in next 3 months
Business

Coronavirus outbreak: Airlines stare at uncertainty this quarter; situation likely to improve in next 3 months

Lower oil prices and possibility of a spurt in domestic passenger traffic due to international travel restrictions would benefit the domestic airline industry.

Amid coronavirus outbreak, global airlines body IATA requests suspension of airport slot rules as carriers see major decline in demand
World

Amid coronavirus outbreak, global airlines body IATA requests suspension of airport slot rules as carriers see major decline in demand

The IATA on Monday said it is contacting aviation regulators worldwide to request that the rules governing use of airport slots be suspended immediately and for the 2020 season, due to the impact of COVID-19 (the Coronavirus)

Domestic air passenger traffic dips in 2019, rises just 5.1% after four years of double-digit growth: IATA
Business

Domestic air passenger traffic dips in 2019, rises just 5.1% after four years of double-digit growth: IATA

IATA measures passenger growth in revenue passenger kilometres (RPKs), which is calculated by multiplying the number of passengers to the distance travelled by them.

Air India, AI Express, several foreign carriers rerouting flights that usually take Iranian airspace; delay in flight arrivals expected
World

Air India, AI Express, several foreign carriers rerouting flights that usually take Iranian airspace; delay in flight arrivals expected

Several major airlines, including India's national carrier Air India, said on Wednesday they were re-routing flights to avoid airspace over Iraq and Iran

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

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.

Global oil prices set to be relatively low in 2020 on weak global demand; airlines fuel bill will decline to $182 bn: IATA
Business

Global oil prices set to be relatively low in 2020 on weak global demand; airlines fuel bill will decline to $182 bn: IATA

Oil prices have a massive effect on Indian airlines, as Aviation Turbine Fuel (ATF) takes around 40 percent of the total revenues of an air carrier in India.