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LOW PROFITS FOR AIRLINES
Airlines may fly low this fiscalIndian airlines face a profit drop this financial year. Higher fuel prices, airspace limits, and a weaker rupee are increasing costs. Fleet...- Falling crude oil price sends tyre, paint, oil marketing and airline companies soaring in relief rallyOn Friday, a significant drop in oil prices caused a ripple effect in the stock market, with companies linked to crude oil benefiting the m...
- Global airlines slash 2026 profit forecast on fuel shock from Iran warThe global airline industry has significantly lowered its 2026 profit forecast due to rising fuel costs and disruptions from the Iran war. ...
- Middle East conflict fuels airline bankruptcy risks, more mergers likely: IATASoaring jet fuel prices due to Middle East conflict are pushing budget airlines towards bankruptcy and industry consolidation, according to...
- US job growth likely slowed in May, labor market seen stable despite oil shockAmerica's job growth is expected to slow in May after strong previous months. The labor market remains stable. Economists believe the Middl...
- IndiGo shares fall as airline halts Manchester flights amid soaring operational costsIndiGo shares fell after it temporarily suspended its flights to Manchester from August 31 due to extended airspace restrictions and soarin...
- Iran war: Public sector banks asked to stay preparedPublic sector banks received guidance from the Centre to prepare for global uncertainties. The finance ministry reviewed bank performance a...
- IndiGo approves $450 million plan to acquire aircraft, enginesIndiGo's parent company, InterGlobe Aviation, has approved a significant plan. Up to $450 million will be deployed to acquire aircraft, eng...
- 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...
- Flight ticket fares to remain low in June-July but Europe's largest airline Ryanair warns about fuel shortageRyanair's suppliers this week said there would be no disruption between now and mid-July, Group Chief Executive Michael O'Leary said in a ...
- Ryanair sees peak summer fares flat as Iran uncertainty hits bookingsRyanair reported its annual profit slightly exceeded expectations, reaching 2.26 billion euros. However, the airline cautioned that economi...
- Summer travelers who relied on Spirit Airlines may struggle to find budget alternativesSpirit Airlines has ceased operations, leaving many Americans struggling to find affordable flights. Rising jet fuel costs, inflation, and ...
- US stocks today: US stocks fall as higher yields threaten AI-led rallyWall Street declined as rising Treasury yields and inflation concerns tied to the Middle East conflict weighed on sentiment. Tech stocks le...
- Air India's challenges 'largely external', transformation a long game: Singapore Airlines CEOAir India's transformation is a long journey with no quick fixes, according to Singapore Airlines CEO Goh Choon Phong. The Indian carrier f...
- Iran war creates new must-have for summer holidays: The plan BTravellers are changing holiday plans. Shorter trips in Europe are becoming popular. Rising airfares and conflict are causing concern. Many...
- IndiGo, SpiceJet & other travel stocks plunge up to 7%. Two big reasons whyTravel stocks, including IndiGo, SpiceJet, ixigo, Toman Cook and Yatra Online, fell sharply after Prime Minister Narendra Modi urged citize...
- AirAsia Co-Founder Tony about to give the world a new airlineTony Fernandes, co-founder of AirAsia X, is set to launch a new airline. This aggressive expansion comes despite rising oil prices. The new...
- Coforge’s Q4 profit doubles to Rs 612 crore on robust deal winsCoforge's net profit surged over 135% in Q4 FY26, driven by AI efficiencies and strong revenue growth. The IT service provider reported rob...
- Why are JetBlue and Frontier share prices up today? JetBlue and Frontier shares rise after Spirit shutdown creates growth opportunityWhy are JetBlue and Frontier share prices up today? Shares of JetBlue Airways and Frontier Airlines increased in premarket trading after Sp...
- Air India board meeting on May 7; cost-saving steps, CEO selection likely on agendaAir India's board meets May 7 to discuss cost cuts and a new CEO. The airline faces significant losses and challenges from rising jet fuel ...
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