Akasa Air FY24 revenue soars 339%, losses up over two-foldAkasa Air saw a significant revenue increase to ₹3,069.6 crore in FY24, but losses also grew to ₹1,670.1 crore due to rapid expansion. Desp...
IndiGo Q2 results preview: Co may slip back in red; sales seen rising 5% YoYIndiGo, a major player in the aviation sector, is anticipated to report disappointing financial results for the second quarter ending Septe...
Domestic air passenger traffic to grow 8-13 pc this fiscal: ReportIcra in its report has predicted that domestic air passenger traffic in India will grow by 8-13% in the current fiscal year. The aviation i...
Indian airlines expected to report net loss of Rs 5,000-7,000 crore in FY24: ICRAThe airlines have improved the cost of available seat kilometre to the cost of available seat kilometre (RASK-CASK) spread through better p...
InterGlobe Aviation rallies 6% post Q3; should you invest?India’s biggest airline by market share posted profit of Rs 190 crore for October-December.
IndiGo may junk sale-and-leaseback model, opt for outright buysThe adoption of the new model, according to senior executives at the country’s largest carrier, would help IndiGo lower overall costs of fl...
Higher yields, capacity boost IndiGo, net soars 37 per cent to Rs 811 croreA 5.5% improvement in RASK, coupled with a strong 25.4% growth in RPK , pushed up net sales 25.65 to Rs 5,955 crore, helping the largest ai...
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Pricing stimulation and dual fleet strategies works for us: Sanjiv Kapoor, SpiceJetAccording to Sanjiv Kapoor, the carrier's dual fleet strategy is working, given the fact that costs have been brought down, especially main...
Last-minute flights costlier amid a flurry of discountsI can only point to the first quarter (since the company has not yet announced the second-quarter results), where our RASK was up by 10%,” ...
Market stimulation efforts' positive for travel business: SpiceJetLow-cost airline SpiceJet, which comes up with discount offers frequently, today said its "market stimulation efforts" had a positive impac...
Jet trims Q1 losses to Rs 218 cr, to go back to single full-service brandJet posted a net loss of Rs 217.65 crore for the first quarter of the current financial year, down from Rs 355.38 crore a year earlier.