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GOAIR PAY CUT
Tourism and hotel sector stocks: Time for a correction in business? Are analysts getting it wrong? 15 stocks from the ecosystemThe Indian hotel and tourism ecosystem has benefitted from the post-Covid travel urge. Occupancies were high, room rates firm, supply is, i...- India keeps local jet fuel prices unchanged after airline pleaIndian oil refiners have maintained jet fuel prices for domestic flights. This decision follows a request from airlines facing challenges f...
- India summer travel shock: Flight tickets to Europe, Leh, Singapore see massive surgeIndian travellers are seeing airfares soar by 40-50% on many routes. This surge is driven by rising jet fuel costs and fewer available seat...
- 57.25 lakh domestic air passengers in April, 26.8 pc lower than March: DGCAAccording to the Directorate General of Civil Aviation (DGCA), 78.27 lakh people travelled by air within the country in February. The drop ...
- 78.27 lakh domestic air passengers in Feb, 36.71 pc lower than last year: DGCAThe occupancy rate or load factor of the six major Indian airlines was between 67.9 per cent and 78.9 per cent in February, it stated.
- 39.43 lakh domestic air passengers in Sept, 66% lower than last year: DGCAAs many as 21.07 lakh and 28.32 lakh people travelled by air domestically this July and August, respectively, the regulator had said last m...
- Dues of 4 major domestic airlines to AAI more than doubled in Feb-July periodIndia has six major domestic carriers, IndiGo, SpiceJet, GoAir, AirAsia India, Air India and Vistara, which owed to the AAI a total of Rs 2...
- In another exodus, half-a-dozen senior executives quit GoAir in recent weeksGoAir has also been severely hit by suspension of flight services to curb the spread of coronavirus. Besides announcing paycuts for most of...
- Pay charges daily and then operate flights from airports: AAI puts GoAir on 'cash and carry' basisAn airline has to pay various charges -- air navigation, landing, parking etc -- to AAI, which works under the Civil Aviation Ministry, to ...
- Indian carriers implement fresh round of pay cuts for staffIndian carriers have survived so far without fiscal assistance. But the scenario remains bleak.
- GoAir pitches for government support to tide over COVID-19 crisisGoAir said the airline has been requesting the Indian banking system for financial support but they have not yet reached a conclusion on ho...
- GoAir asks most staff to go on leave without payThe airline had cut salaries by 50% by for its top leadership last month and then extended pay cuts to other employees barring those in the...
- GoAir defers part of accrued March salaries to AprilIndia’s aviation industry, like its global peers, has been the worst hit by the Coronavirus crisis, which led the government to close the c...
- Vistara implements leave without pay for 30% of staff; defers incrementsThe CNPL stretches from the CEO all the way down to managers. The top down approach means that CXOs, senior vice presidents and vice presid...
- After IndiGo, GoAir announces company-wide pay cutThe Airline had previously laid off its expat pilots, and introduced leave without pay for its employees along with a paycut of up to 50% f...
- Coronavirus Impact: GoAir senior management to take 50% pay cutSenior management executives at GoAir are taking 50% pay cuts to control costs as virus cripples business.
- GoAir asks some employees to go on leave without payThe worldwide crisis has annihilated businesses across the world and forced airlines to ground operations.
- Mumbai Airport may ask Kingfisher Airlines to vacate terminal spaceKFA owes MIAL 22 cr under a mix of overheads that include parking & other navigational fees.
- Day after: Jet brings back old faresCivil aviation minister Praful Patel warned airlines not to cartelise, after all major carriers on Tuesday hiked fares and withdrew promoti...
- GoAir yet to clear final salary settlement of 500 ex-employeesGOAIR, the Wadia Group promoted no-frill airline, is yet to clear the final salary settlement of its 500 ex-employees, 300 of whom were ask...
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