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.
jet airways
March 2020
December 2019
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May 2019
Sad some good airlines have disappeared: Branson
Virgin Atlantic founder Richard Branson says India is becoming an important part of his company’s growth, as the airline triples its seat capacity next year.
After record Q1 profit, IndiGo braces for a weak Q2
Given that all airlines in India have replaced the capacity vacated by Jet Airways, a low-fare environment has set into the crucial 0-15 day booking period which would add pressure on revenues
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.
Jet Airways’ founder Naresh Goyal can’t leave India
While Delhi High Court refused Goyal permission to fly abroad, it asked him to deposit ₹18,000 crore as guarantee if he wished to travel. Meanwhile, Vijay Mallya’s extradition suffers a setback.
Volatility rules the market
The Sensex closes up 66.40 points at 39,112.74, while Nifty 50 ends nearly flat at 11691.45, after volatile trading session.
Did lenders destroy the value of Jet Airways?
With banks now seeking a resolution under the Insolvency and Bankruptcy Code, it perhaps is the end of the road for India’s premier airline Jet Airways.
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.
‘Domestic air traffic growth to bounce back to 10-12%’
Even as domestic traffic growth is on the rebound, India’s largest airline IndiGo reported profit growth of 401.2% in Q4 of FY19.
IndiGo’s billionaire troubles
Given IndiGo’s market domination, the reported rift between Rakesh Gangwal and Rahul Bhatia, the billionaire co-founders of the airline, could have an adverse impact on the Indian aviation industry.
