Aviation industry suffered ₹11,658 cr loss in FY22
Govt cites COVID-19 disruptions, rupee depreciation against the US dollar, and a high operating cost environment, especially due to an increase in ATF prices, for high losses of airlines.
airline industry
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Domestic air passenger traffic up 27% in Oct; IndiGo market share dips
On an MoM basis, total 114.07 lakh passengers were carried by domestic airlines compared to 89.85 lakh in the same month last year, shows DGCA data.
Loan limit for airlines under ECLGS raised to ₹1,500 cr
The Centre’s decision will give airlines collateral-free liquidity at reasonable interest rates to tide over present cash flow issues.
DGCA restores breath analyser tests from Oct 15
Aviation regulator DGCA has issued guidelines to resume mandatory breath analyser tests for all pilots and cabin crew with effect from October 15, 2022.
No airfare caps on domestic flights from today
Airlines can now fix airfare charges based on price capping policies and demand; govt says decision taken after careful analysis of daily demand, air turbine fuel prices
IndiGo narrows Q1 loss to ₹1,064 cr; revenue zooms 328%
IndiGo's Q1 FY23 revenue was the highest ever at ₹12,855.3 cr; CEO says cost pressures on fuel and forex prevented it from translating revenue into net profitability
‘No safety scare’: SpiceJet on tech issue with Dubai-Madurai flight
SpiceJet says flight SG23 was delayed due to a "last-minute technical issue" and an alternative flight was arranged for passengers
Akasa gets licence from DGCA; to start flying from July-end
Aviation industry veterans like Vinay Dube and Aditya Ghosh are leading Akasa, which aims to have 72 Boeing 737 MAX aircraft over five years
Global airline industry to return to profit in 2023: IATA
IATA thinks passenger demand will reach 83% of the pre-pandemic levels in 2022. Industry revenues are expected to reach $782 billion in 2022, which is about 93.3% of 2019 levels.
SpiceJet raises airfares by up to 15% on high ATF prices, weak rupee
Jet fuel prices reach an all-time high after seeing 16% hike from today; SpiceJet MD Ajay Singh urges states, Centre to cut taxes on jet fuel, which he says are highest.
