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AIRLINE PROFITS 2023
Global airline chiefs to confront Iran war fuel shock at industry summitAirline leaders meet in Rio de Janeiro facing a major industry crisis. The Iran war is increasing jet fuel costs and disrupting flights. Th...- US stock market crashes today: Dow Jones, S&P 500, and Nasdaq fall hard as bond yields hit 19-year high - Nvidia, Broadcom, AMD, and Amazon lead massive Wall Street selloffUS stock market crashes today as Dow Jones, S&P 500 and Nasdaq plunge. The Dow Jones Industrial Average dropped more than 237 points, while...
- Global investors Temasek, Alpha Wave Global eye $1.3 bn investment in Adani AirportsAdani Airports: In all, four investors are expected to join the consortium seeking a stake in India's largest private airport operator, bet...
- AI spending boom soars but no returns for big tech giants, warns Jefferies’ Chris WoodRising AI investments by global tech giants are straining cash flows, with capex nearing record levels relative to operating cash flow. Des...
- Trump weighs Spirit Airlines takeover, eyes resale after oil price drop report saysPresident Donald Trump is exploring a government takeover of Spirit Airlines. The plan involves buying the struggling airline with taxpayer...
- $7.27 billion and counting: How checked baggage fees became a goldmine for airlinesAirline companies are making huge profits from baggage fees. Earlier, airlines provided free baggage service. Now, passengers pay extra for...
- IndiGo places order for another 30 wide-body A350 aircraft with Airbus: Pieter ElbersIndiGo, India's largest airline, is expanding its fleet with an order of 30 Airbus A350 aircraft, aiming to double its size by the decade's...
- Pak authorities make fresh effort to sell cash-strapped PIAPakistan is making another attempt to privatise Pakistan International Airlines (PIA) after a failed effort last year. The Privatisation Co...
- Etihad Airways announces special 30% discount for Indians ahead of summer travel seasonEtihad Airways is offering its biggest annual summer sale with up to 30% off on flights to various destinations including Turkey, Greece, S...
- IndiGo set to cover more of the globe giving wings to its yieldsAnalysts have increased the earnings per share (EPS) estimates of InterGlobe Aviation by 5-7% for FY25 amid expectations of rising yields i...
- Air India-Vistara merger in progress; awaiting regulatory approvals: Singapore AirlinesThe merger of Vistara with Air India under a deal, wherein Singapore Airlines will acquire a 25.1 per cent stake in Air India, was announce...
- India will become the most exciting market for global aviation: IATA DG Willie WalshIndia is expected to be the most exciting global aviation market due to investments made by the Indian government on airport infrastructure...
- IndiGo announces salary hike for pilots, cabin crew after stellar Q1 performanceThe hike announcement comes three months after the no-frills airline paid a bonus of 3% of salary to its crew after recording a profit in t...
- Singapore Airlines plans to expand India network, to add more flights to and from Indian citiesSingapore Airlines (SIA), which has reported another record quarter with net profits surging 98.4 per cent from a year ago to hit SGD 734 m...
- IATA says Indian aviation market has a big potentialIndia presents significant growth opportunities for the aviation industry, according to the International Air Transport Association's (IATA...
- Stock Radar: 17% rally in May! This airline stock likely to hit fresh record highs in next 12 monthsInterGlobe Aviation's stock price in the airline industry rose by 17% in May 2023, hitting a record high of Rs 2412 on May 30, 2023. Expert...
- Each passenger carried expected to contribute on average $1.1 to airline industry's net profit: IATA chiefThe global airline industry is projected to report a lower loss of USD 6.9 billion in 2022 and post a small net profit of USD 4.7 billion n...
- Global airlines see return to profitability in 2023Airlines lost tens of billions of dollars in 2020 and 2021 due to the pandemic, but air travel has partially recovered and some airports ha...
- Global airline industry to post USD 6.9 billion loss in 2022: IATAIn June, the International Air Transport Association (IATA) projected the industry loss at USD 9.7 billion. In October 2021, it forecast a ...
- Global airlines to narrow losses in 2022, profits likely in 2023“Industry-wide profitability in 2023 appears within reach with North America already expected to deliver an $8.8 billion profit in 2022,” s...
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