Signs of green shoots in air travel?
Data by the Directorate General of Civil Aviation showed that more domestic travellers took to the skies last month, as compared to August. Although, traffic is still down on an yearly basis.
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Covid-19 batters Indian airlines
The Indian aviation industry isn’t out of the woods yet, as the pandemic shows no signs of retreating.
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.
Tata group commits ₹1,500 crore to fight Covid-19
Many other corporate houses like Bajaj, JSW, L&T, ITC and even the BCCI have pledged resources to combat the pandemic and alleviate the hardships faced by the poor.
Indian airlines brace for billion-dollar losses
Consultancy firm CAPA India says the impact of Covid-19 on air travel could possibly lead to a structural reset of the aviation industry, which could incur losses of $3.3 bn to $3.6 bn in Q1FY21.
Sanjiv Kapoor resigns as Vistara COO
Chief strategy officer Vinod Kannan, a Singapore Airlines veteran, will take over from Kapoor.
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.
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 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.
