SpiceJet announces pay cuts of 10% to 30%
In a bid to tide over the unprecedented crisis because of the Covid-19 pandemic, SpiceJet announced a company-wide pay cut. However, employees in the “lowest pay grades” would remain unaffected.
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Hard landing for airports as Covid-19 adds to woes
Even after the unprecedented chaos wrought by the Covid-19 pandemic settles, there’s turbulence ahead for the air travel industry.
IndiGo’s Q3 profit zooms 168%
Better ticket yields, higher passenger growth, and lower fuel costs helped the airline post a profit of ₹496 crore compared to a loss of over ₹1,000 crore in the previous quarter.
‘June quarter revenue growth to be slowest in 2 years’
Corporate revenue growth seen around 5-6% in the first quarter of FY20 because of a broad-based slowdown in consumption.
Jet Airways in search of a new flight path
Apart from the billions of dollars needed to resurrect the beleaguered airline, its re-entry into the low-cost carrier-dominated Indian aviation market is viewed with scepticism.
There may be differences on certain matters: IndiGo CEO
IndiGo CEO Ronojoy Dutta issued a statement to dispel speculations over a possible rift between the airline’s two co-founders. But, he did allude to the fact that there were differences.
Jet Airways: One man’s pain is another’s gain
The last two trading days saw Jet Airways’ stock plummet, while that of its competitors—SpiceJet and IndiGo—touched a 52-week high on Thursday.
Jet Airways approves rescue plan, to give lenders majority stake
The troubled airline, which posted a fourth consecutive quarterly loss, will present the plan for shareholders’ approval next Thursday.
Vistara: Mission international
Vistara is all set to go global, but is its premium positioning enough to win the international market over?
Jet Airways reports third consecutive quarterly loss
India’s biggest full-service carrier’s net profit declines to ₹1,297.5 crore in the September quarter, compared with a profit of ₹49.6 crore a year ago.
