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IMPACT OF CORONAVIRUS ON AIRLINES
Indian aviation market offers long-term opportunities: Star Alliance CEOIndia's aviation market presents significant long-term opportunities. Air India is poised to benefit from this growth. Demand for premium l...- Banks sanction Rs 35,000 cr loans under ECLGS to MSMEs to deal with West Asia crisisBanks have disbursed Rs 35,000 crore in loans under the Emergency Credit Line Guarantee Scheme. This initiative supports MSMEs and industri...
- Global airlines prepare for Omicron volatility, agility will be keyGlobal airlines are bracing for more volatility due to the Omicron variant of COVID-19 that could force them to juggle schedules and destin...
- IATA urges Centre to support Indian airlines to tide over COVID crisis"The Indian government has not engaged in support for airlines and we do urge them to change that position and to assist the airlines and a...
- Vistara CEO Leslie Thng says no layoffs; salary cuts to be reviewed in January 2021Vistara's Chief Executive Officer Leslie Thng told that there have been no job cuts at the airline in the wake of the coronavirus pandemic.
- InterGlobe Aviation gains 10% as the airline allays concerns over raising fundsIt is estimated that weak demand and restrictions on flying full capacity are resulting in Rs30 crore cash burn for the airline.
- Coronavirus impact: Airbus plane deliveries halved as airlines scrounge for cashThe company, based in France, said Thursday that its deliveries fell almost 50 per cent to 196, with revenue sliding almost 40 per cent to ...
- COVID-19 effect: Air India withdraws job offers for around 180 trainee cabin crew members"The airline has taken a decision to withdraw job offers for about 180 trainees who were to join as cabin crew after completing their train...
- COVID-19 crisis likely to hit 29 lakh jobs in Indian aviation, dependent sectors: IATAThe International Air Transport Association (IATA) said its latest estimates indicate a worsening of the country impact from the COVID-19 c...
- How bad is the impact of coronavirus on India's airlines?Aviation is among the worst-affected sectors amidst the Covid-19 crisis.
- Air Canada to lay off over 5,100 employees due to coronavirus outbreak: UnionThe Canadian Union of Public Employees (CUPE) said it was "deeply saddened" to learn that airline would temporarily lay off about 3,600 of ...
- Indian carriers may ground 150 planes; stare at quarterly loss on coronavirus impact: ReportAll Indian airlines will report significant losses in the first quarter of this year and may initially ground around 150 planes as the shoc...
- How different sectors of the economy are bearing the brunt of the coronavirus outbreakA report by the UN Conference on Trade and Development has forecast that the global economy may see an impact of $1-2 trillion in 2020. How...
- Air India is a first-rate asset; many cos have shown interest, says Hardeep Singh PuriHardeep Singh Puri, Minister of Civil Aviation of India said sooner or later, we will get a grip on coronavirus, both in India and across t...
- Coronavirus could cost airlines USD 113 bn revenue in 2020: IATABecause of the spread of the virus in more than 80 countries, forward bookings have been impacted.
- Amid coronavirus outbreak, Air India disinvestment might be 'quite difficult at this moment': IATAThe outbreak, which has infected over 95,000 people and resulted in more than 3,200 deaths worlwide, is taking a toll on the global airline...
- Lufthansa to ground 150 aircraft due to coronavirus"We are dynamically adjusting our plans to reflect extraordinary circumstances," a Lufthansa spokesman said, adding that 25 of the 150 grou...
- Coronavirus: Short-term effect, says Vistara CEOThe airline's chief executive Leslie Thng said the recent coronavirus outbreak would have a short term impact on the aviation industry and ...
- Aviation stocks plunge up to 10% on coronavirus jittersSpicejet stock cracked 6.06 per cent to a low of Rs 82.10.
- Lufthansa says to freeze hiring, cut costs over coronavirusGerman airline Lufthansa said Wednesday it would freeze new hires and use unpaid leave and additional short-time work to cut costs to help ...
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