Decoding negative net worth: IndiGo paid about 80% of its profit as dividend to promoters
Sindhub • 10 years agoThe 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
Sindhub • 10 years agoThe airline with the worst on-time performance in August was Air India
Cancellation, rescheduling, no-show charges: everything seems to be in DGCA crosshairs
Sindhub • 10 years agoThe 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
Fp Staff • 10 years agoMahindra 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
Fp Staff • 11 years agoThe 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
Sindhu • 11 years agoThough 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
Fp Archives • 11 years agoLast 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'
Sindhu • 11 years agoThough 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
Fp Staff • 11 years agoIn 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 />