Thu, Sep 05, 2024
Domestic passenger traffic is set to witness 7-10 per cent growth (year-on-year) in FY25 as the Indian aviation industry is likely to navigate towards clearer skies, a report showed on Thursday. Rating agency ICRA forecasts the domestic passenger traffic to reach 164-170 million in FY25.
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Wed, Sep 04, 2024
Minister said the civil aviation ministry plans to set up a special purpose vehicle for taking forward efforts to start aircraft manufacturing in the country.
Tue, Mar 26, 2024
Interglobe Aviation's analyst meet, what are the important points of the analyst meet, why did brokerages' confidence in the company increase?
Wed, Dec 06, 2023
IATA has more than 300 airlines as members. The airline industry's operating profit is expected to touch USD 49.3 billion in 2024 from USD 40.7 billion this year. In 2024, the total revenue is estimated to grow 7.6 per cent to USD 964 billion compared to 2023.
Fri, Oct 06, 2023
ATF Prices: From October 6, Indigo has started charging on fuel, Indigo has increased the fare by ₹ 300-1000 and SpiceJet can also impose its own fuel charge.
Shares of InterGlobe Aviation, the parent company of IndiGo Airlines, soared on Friday after the airline announced a fuel surcharge of Rs 300–Rs 1,000 on domestic and international flights. The stock rose 2.11%, or Rs 52.15, to close at Rs 2,526.85.The fuel surcharge is expected to help IndiGo offset the rising cost of aviation fuel. The airline has been struggling with profitability in recent months due to high fuel costs and other factors.
Thu, Dec 22, 2022
According to the Civil Aviation Ministry, the details of losses incurred by the industry are: FY 2019-20 Rs 4,770 crore; FY 2020-21 Rs 12,479 crore; and FY 2021-22 Rs 11,658 crore.
Tue, Jun 14, 2022
DGCA on Tuesday imposed a fine of Rs 10 lakh on Air India. The penalty has been imposed for denying boarding to passengers holding valid tickets and thereafter not providing mandatory compensation to them.
Mon, Oct 11, 2021
As the aviation sector is likely to head for re-rating and revaluation, as analysts predict after the Tatas winning the bid of Air India, the shares of airline companies — InterGlobe Aviation (IndiGo) and Spice Jet — was surging during Monday’s intraday trade on the exchanges.
Fri, Feb 14, 2020
Government expects to complete sale of national carrier Air India in the first half of the next fiscal, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said on Friday
Indira Gandhi International Airport on Friday announced that it has started a doorstep baggage transfer facility for passengers flying to and from its Terminal 3. This service will also be extended to Terminal 1 and Terminal 2 of the airport, stated the press release by GMR group-led Delhi International Airport Limited (DIAL)
Wed, Dec 18, 2019
Small towns got air travel facilities after 'UDAN' scheme came in existence. Watch this video to know more. #UDAN
Sat, Jun 22, 2019
ICRA report said the growth comes after the aviation industry reported a 4.4 per cent "de-growth" in traffic in April.
Tue, Oct 09, 2018
India is amongst the fastest growing aviation market in the world has placed an aircraft order of more than 1,000 aircraft valued at around $50 billion, which in unit terms is third only behind the US and China.
Wed, Jun 07, 2017
The International Air Transport Association (IATA) on Tuesday revised its 2017 industry profitability outlook upwards to $31.4 billion. According to IATA, airlines are expected to report a $31.4 billion profit up from the previous forecast of $29.8 billion.
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