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Despite bottom line pressure, FY17 to be the best for airlines
Mon, Mar 13, 2017
"Airlines are maintaining healthy load factors backed by low fares. But since oil prices are on an uptrend, impact on profitability in Q4 is inevitable as average ATF price during the quarter are 37.9% higher YoY, while the yields continue to remain under pressure," says an Icra report.
Air India's low on-time performance due to 'legacy issues': Ashwani Lohani
Wed, Jan 11, 2017
Seeking to link Air India's failure to ensure timely operations of its flights to "legacy issues", Air India Chairman and Managing Director Ashwani Lohani on Wednesday said the low on-time performance (OTP) is the symptom of a disease "which we have identified".
Bring WiFi to flights, Assocham asks PM Modi
Wed, Dec 28, 2016
“Earlier India permits the IFC, the better both for the air passengers as also for India’s image as a progressive country. IFC also enables digital payment in the aircraft while in the air and eliminates the need of cash," Assocham said.
Air India reports Rs 105-crore operating profit in 2015-16; 1st time since 2007 merger
Sat, Oct 15, 2016
For the first time in a decade, Air India has reported an operating profit of Rs 105 crore in 2015-16, aided by lower fuel costs and higher passenger numbers, even as the national carrier incurred a net loss after interest of Rs 3,837 crore in the same period.
Air India chief says merger with Indian Airlines created 'chaotic situation'
Sat, May 21, 2016
Though Air India is now "slowly getting back on track", a lot more needs to be done to bring back the glory of the 'Maharaja'.
Aviation ministry likely to abandon "5/20 rule"
Tue, May 17, 2016
Aviation ministry likely to abandon "5/20 rule" which states that 20 airplanes for 5 years to the service. Watch complete news story of First Trade and stay updated with the latest trends and statistics in the stock market, commodity market and share market!