Abu Dhabi’s Etihad Airways said on Wednesday the majority of its pilots and cabin crew had received two of the required doses of a coronavirus vaccine. The airline earlier said flights were only being operated by pilots and cabin crew who had been vaccinated, which a spokeswoman later said meant had received at least one […]
Day: February 11, 2021
SpiceJet clocks loss for fourth quarter in a row
No-frills carrier SpiceJet Ltd on Wednesday reported a consolidated loss of ₹66.78 crore for the December quarter, its fourth consecutive quarterly loss, primarily due to low travel demand following the coronavirus outbreak. SpiceJet had reported profit of ₹77.97 crore in the same period of the previous year. The airline’s auditors Walker Chandiok and Co. LLP […]
Oil rally extends for 9th day on OPEC+ cuts, demand hopes
Oil extended its rally for a ninth day on Wednesday, its longest winning streak in two years, supported by producer supply cuts and hopes that vaccine rollouts will drive a recovery in demand. The American Petroleum Institute said on Tuesday crude inventories fell by 3.5 million barrels, versus expectations for a 985,000-barrel build. The Energy […]
Mahanagar Gas Q3 performance strong, outlook remains firm
Mahanagar Gas Ltd’s (MGL) performance for the quarter remained strong led by recovery in gas demand. At 2.77mmscmd (million metric standard cubic meter per day), total gas volumes rebounded 34% sequentially. Though still down 9% year-on-year, it was in line with estimates, said analysts at Motilal Oswal Financial Services Ltd. With lower gas prices, the […]
Cairn CEO wants to meet Sitharaman on arbitration award
NEW DELHI : Cairn Energy Plc CEO Simon Thomson has said he expects to meet Finance Minister Nirmala Sitharaman next week in an attempt to get India to ‘swiftly’ honour a $1.4 billion tax verdict. Last month, the Edinburg-based firm had written to the government saying it would be forced to seize Indian government assets […]
Oil nations face $9 tn shortfall as demand falters: analysis
Oil and gas producing nations face up to nine trillion dollars in lost income as the world accelerates the transition to renewable energy, saddling poorer but resource-rich nations with higher risk of stranded assets, an analysis showed Thursday. Over 400 million people live in the worst affected countries, where declining fossil fuel revenues could see […]
Singapore Airlines starts flights with crew fully vaccinated against covid
Singapore Airlines (SIA) began operating flights on Thursday with full sets of crew members vaccinated against COVID-19 as the city-state seeks to rejuvenate its status as an international travel hub. The airline said pilots and cabin crew on three international flights from Singapore had received both of the required doses of the Pfizer-BioNTech vaccine. The […]