Covid-19 batters Indian airlines
The Indian aviation industry isn’t out of the woods yet, as the pandemic shows no signs of retreating.
indian aviation
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No salary cuts at IndiGo
With free cash reserves of over ₹9,000 crore, the airline has decided to pay heed to the government’s wish of not reducing pay for employees during the lockdown; it had announced pay cuts earlier.
Covid-19: Indian aviation awaits govt assistance
Governments all over the world have announced billion-dollar bailouts for their domestic airlines. In India, without government support, the industry will collapse, says a senior airline executive.
Air passenger traffic to fall by 38%-45% in FY21
As an impact of Covid-19, CAPA India says domestic traffic will drop to 80 million-90 million and international traffic to 35 million-40 million in FY21.
Congestion to plague India’s top airports: Crisil
The research firm says high passenger growth will add to congestion woes at airports in New Delhi, Mumbai, Bengaluru and Hyderabad, which on an aggregate operate at over 130% of their capacity.
Why buyers will be wary of Air India
While the government has made various concessions for buyers interested in Air India, analysts still remain sceptical on the sale of India’s flag carrier, given the many riders that come with it.
Sanjiv Kapoor resigns as Vistara COO
Chief strategy officer Vinod Kannan, a Singapore Airlines veteran, will take over from Kapoor.
Qatar Airways, IndiGo seal tie-up
Akbar Al Baker, group chief executive of Qatar Airways, said the airline was keen on buying a stake in IndiGo, but the time was not right.
SpiceJet reports a profit of ₹261.7 crore
The budget airline has recognised expenses in aircraft lease rentals of ₹114.1 crore as ‘other income’, which has helped it achieve its highest-ever quarterly profit.
Domestic passenger traffic rebounds in May
India’s aviation sector reported a modest 2.8% YoY growth in passenger traffic in May, as Indian airlines added capacity led by budget-airline SpiceJet.
