Lcc

Decoding negative net worth: IndiGo paid about 80% of its profit as dividend to promoters

The second interesting fact one can gather from the RHP is as of June 30, the airline had Rs 3,912.375 crore debt on its books, down slightly from Rs 3926.16 crore at the end of fiscal 2015

SpiceJet has highest load factor at 92%, IndiGo retains a third of market in August

The airline with the worst on-time performance in August was Air India

Cancellation, rescheduling, no-show charges: everything seems to be in DGCA crosshairs

The DGCA started enquiries on cancellation charges after it was noticed that several airlines had raised these steeply and one after the other, in quick succession.

Tech Mahindra makes its biggest acquisition abroad, buys LCC for $240 mn

Mahindra Group's IT arm Tech Mahindra has announced today that it signed a definitive agreement to acquire acquire US-based network solutions company Lightbridge Communications Corporation (LCC) for $240 million (Approx Rs 1,500 cr)

To take on Vistara, Jet Airways to offer full service on Konnect flights from 1 Dec

The move comes in timely as Air India, after joining Star Alliance, has enhanced its on-board product offerings

Vistara bookings to begin early Oct, expect flights to Mumbai, Delhi and Bengaluru

Though Vistara will have an inherent cost advantge since it will begin with an all-new fleet, it will need to generate adequate aircraft loads while keeping all other operational costs significantly lower to make any money initially.

SpiceJet shares jump 13% on June quarter operating profit

Last week, SpiceJet reported a net loss of Rs 124.10 crore for the three months ended June, mainly bogged down by higher expenses. The no-frills carrier had a net profit of Rs 50.56 crore in the year-ago period.<br />

SpiceJet COO looking to cut costs, big and small, starting with crews' 'weekend uniform'

Though SpiceJet improved its operational performance, one-time expenses spoiled the party. It had declared a five fold higher net loss for FY14 at Rs 1003 crore earlier.

Sit, have chapati and engage with us: AirAsia's Tony Fernandes' advice to Indigo

In an interview with CNBC-TV18 today, AirAsia CEO Tony Fernandes said that though the company isn't against anyone, efforts have been made to stop them.<br />