Aviation: It isn’t a fine autumn sky
Indian aviation is flying through heavy turbulence despite the government’s pro-industry directives. And the surge in Covid-19 cases across India is making matters worse.
airlines
November 2020
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July 2019
June 2019
The long, tough road back to a new normal
The cautious easing of the lockdown in several states and the reverse migration of labour will make a return to normal economic activity a difficult task.
Covid-19: Lockdown extended till May 17
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
Government directs airlines to refund passengers
The MoCA asked airlines to fully refund passengers on their domestic and international ticket cancellations for purchases made between March 25 and April 14 and for travel between March 25 and May 3.
Air passenger revenues to drop by $314 billion
Industry body IATA estimates that airlines across the world could burn through $61 billion of cash reserves in the second quarter alone; approximately 25 million aviation jobs are at risk.
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.
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.
