SpiceJet posts Rs 446 cr consolidated loss in September quarter

New Delhi: SpiceJet on Tuesday reported a narrowing of consolidated loss of Rs 446.09 crore in the three months ended September, mainly as the crisis-hit carrier reduced overall expenses.The consolidated results include the financials of nine subsidiaries.On a consolidated basis, the airline recorded a total comprehensive loss of Rs 446.09 crore in the latest September […]

Airlines see stable profits, record traveller numbers in 2024

Geneva: Airline profits are set to stabilise in 2024 as continued growth in post-pandemic travel is offset by the high cost of capital and capacity constraints, industry group IATA said on Wednesday. The global airline sector has largely recovered from the COVID-19 pandemic, which saw planes grounded and travellers reluctant to fly, as demand has […]

SpiceJet board meet on Dec 11 to consider fundraising on preferential basis

Mumbai: No-frills carrier SpiceJet on Thursday said its board of directors will meet on December 11, to consider various options to raise fresh funds on preferential basis. The announcement comes amid reports that SpiceJet promoter Ajay Singh was in discussions with a bunch of global private credit funds to raise up to Rs 830 crore […]

Air India Express introduces premium economy

Bengaluru: With air travel rebounding strongly post-pandemic, Indian airlines have been quick to jump onto the premiumisation bandwagon. The latest to hop on is Air India Express, subsidiary of Tata-owned Air India, which, on Tuesday, announced the introduction of Vista VIP fares on routes operated by Boeing 737-8 aircraft, the airline’s latest addition to its […]

‘Non-recognition of DGCA standards by Europe a stumbling block to MRO development’

Touted to become the world’s third-largest aviation market in the next calendar year, the Indian aviation sector is expected to grow by 15%, touching 155 million passengers by the end of the current fiscal year. However, the year has been a roller coaster ride for the industry. Walking DH’s Lavpreet Kaur through the eventful year […]

300 flights grounded, 31 diverted from Chennai to Bengaluru due to Cyclone Michaung impact

Bengaluru: As many as 300 (inbound and outbound) flights were affected at Chennai Airport on Monday as Cyclone Michaung hit Tamil Nadu, official sources at the airport told DH. Of these, only 23 flights were diverted, while all others were cancelled. As per initial estimates, between 3,000-5,000 passengers were affected due to the suspension of […]