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AIRLINE LOSSES
CM Devendra Fadnavis says no flights will shift from Mumbai to Navi Mumbai airport; opposes proposed relocation of international services and suggests an alternative plan for Terminal 1 redevelopmentMumbai airport news: Chief Minister Devendra Fadnavis is opposing plans to shift international flights from Mumbai airport to Navi Mumbai a...- In a first since Covid, Diwali flight numbers fall as high fares, disruptions take a tollAirlines scheduled about 6% fewer flights across October and November than a year earlier, according to data from aviation analytics firm C...
- Air India shortlists former Singapore Airlines executive Balagopal Kunduvara for CFO roleAir India has shortlisted former Singapore Airlines executive Balagopal Kunduvara for the CFO role as the airline steps up efforts to cut c...
- Air India considers departed Garuda CFO for top finance positionMost recently, Kunduvara was finance chief for Garuda Indonesia, a position he recently left after holding the job for little more than a y...
- Risk-off mood sweeps European stocks as AI concerns deepenEuropean markets saw a 1% dip as a wave of selloffs hit insurance stocks following a Democratic victory, raising concerns around the stabil...
- After freezer attacks and fake nuclear alerts, Europe hit by wave of bomb threats targeting flights: Which flights were affected and who's behind it?In light of recent bomb threats troubling various European nations, numerous airlines including Ryanair, Wizz Air, and Finnair were forced ...
- SpiceJet’s meltdown: Rs 5,500 crore raised, but where did the money go?SpiceJet's mounting financial crisis raises serious questions over the fate of more than Rs 5,500 crore raised in recent years, its unpaid ...
- Air India CEO targets lower costs, higher passenger yields to steer airline towards profitabilityAir India CEO Tewolde Gebremariam said the airline is working to reduce operating costs and improve passenger yields as it pursues a financ...
- Parliamentary panel raises concerns over high airfares; IndiGo, Air India flag rising fuel costs, Pakistan airspace closureA parliamentary panel raised concerns over high airfares during discussions with IndiGo and Air India officials. Rising Aviation Turbine Fu...
- IndiGo to consider hedging fuel as it ventures on long haul routesIndiGo is evaluating the possibility of hedging fuel costs as it plans for long-haul international operations. The airline's planned introd...
- IndiGo expects first Airbus A350 delivery in second quarter of 2028, CEO Willie Walsh saysThe anticipated delivery of IndiGo's first Airbus A350 wide-body aircraft is scheduled for the second quarter of 2028, according to CEO Wil...
- Cyclone Arnab aftermath disrupts IndiGo flights in Visakhapatnam, airline issues advisoryIndiGo has issued a travel advisory due to disrupted flight operations in Visakhapatnam caused by Cyclone Arnab. The airline warned passeng...
- Alaska Air to cut 200 jobs, warns of potential $700 million annual lossAlaska Air Group will eliminate approximately 200 non-contract positions due to significant financial pressures. Rising fuel prices and oth...
- Cathay Pacific reports personal data security incident involving Amadeus ITCathay Pacific Airways has reported a data security incident linked to a third-party service provider. The incident reportedly affected aro...
- IndiGo shares rise 2% after Q2 losses narrow. What are Jefferies and other brokerages saying?IndiGo shares gained 2% after the airline reported a narrower year-on-year Q2 loss of Rs 1,879 crore, although profitability remained under...
- IndiGo posts Rs 1,879-crore loss as high fuel costs, geopolitical woes hit; capacity cuts & yield management offer only partial relief, says CEO Willie WalshIndiGo reported a net loss of Rs 1,879 crore in the September quarter as a sharp rise in jet fuel prices and foreign exchange costs offset ...
- IndiGo may hike ticket prices to offset soaring fuel bills, says CEO Willie WalshAmidst escalating fuel prices that heavily strain profitability, IndiGo is looking at the possibility of raising ticket prices. The airline...
- IndiGo Q2 Results: Loss narrows YoY to Rs 1,879 crore; revenue rises 26%IndiGo Q2 Results: Budget airline IndiGo reported narrowing of its consolidated loss to Rs 1,879 crore in the second quarter of FY27, compa...
- Iran war, rupee fall to push India airlines' losses to Rs 38,000 croreThe Indian aviation industry is expected to face significant financial challenges in the current fiscal year. A ratings agency has projecte...
- JetBlue shares surge 12% as airline seeks to calm financial concernsJetBlue Airways shares surged over 12% after addressing financial concerns despite reporting a larger quarterly loss. The loss was influenc...
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