Page 2 - Domestic Airlines

Domestic airlines expected to fly back into profitability next FY: CRISIL

Domestic airlines industry is expected to fly back into profitability next fiscal, for the first time since the outbreak of Covid, amid easing cost pressures and reduction in leverage to support credit profiles, a report said on Wednesday. As per the report by credit rating agency Crisil, the industry is also likely to pare its net loss by as much as 75-80 per cent year-on-year to Rs 3,500-4,500 crore this fiscal, compared with around Rs 17,500 crore last fiscal. Strong recovery in passenger traffic and easing cost pressures are supporting this turnaround in operating performance of airlines, Crisil said. The projections are based on Crisil Ratings analysis of three airlines that account for around 75 per cent of domestic air traffic. Domestic and international passenger traffic recovered to 90 per cent and 98 per cent, respectively, in the nine months through December this fiscal, compared with the corresponding period of fiscal 2020 (pre-pandemic). Business and leisure travel ..

Domestic airlines reported 2,613 technical snags in last 5 years: Singh

Domestic airlines reported 2,613 significant technical snags in their planes in the last five years, Union minister V K Singh told the Lok Sabha on Thursday. The Minister of State for Civil Aviation said the regulations require occurrences relating to system and component failure to be reported to the Directorate General of Civil Aviation (DGCA). "These occurrences, based on their severity are investigated either by the concerned airlines under the supervision of the DGCA or by the DGCA under Rule 13(1) of the Aircraft (Investigation of Accidents and Incidents) Rules, 2017," he said in a written reply. Giving details, Singh said there were a total of 2,613 "significant technical snags" reported by various airlines in the country during the 2018-2022 period. In this period, IndiGo reported 885 snags, SpiceJet (691), Vistara (444), Air India (399), AirAsia (India) Ltd (79), Go Air (54), TruJet (30), Alliance Air (13), Blue Dart Aviation (7), Akasa Air (6) and Fly Big (5), as per the

IndiGo's Turkish treat: Wide-body plane, hot meals, blankets on flight

The carrier has leased Turkish Airlines Boeing 777 for operations to Istanbul starting Wednesday

DGCA imposes Rs 10-lakh penalty on Go First for 9 January incident

This is the third case of an airline getting penalised for lapses

Airlines in India to add 100 aircraft per year to fly 412 mn passengers

As Indigo Airline has expanded its fleet to 300 aircraft, the countrys airlines' fleet is likely to add over 100 aircraft every year till the next few years

Delhi HC dismisses plea against Sikhs carrying 'kirpans' on flights

The Delhi High Court on Thursday dismissed a plea opposing the permission given to Sikhs to carry kirpans while travelling on civilian flights in India

Delhi airport gives real time data on waiting time amid congestion at T3

As part of remedial measures to improve passengers flow at Delhi airport's T3 terminal, Delhi Airport has started informing people of the waiting time at entry gates

Slow-paced earnings recovery for domestic airlines due to high ATF prices

Amid recovery in domestic passenger traffic in FY2023, the earnings recovery for domestic airlines will be slow-paced due to elevated ATF prices in addition to the rupee depreciation against US dollar

Long-overdue brand reboot aims to rescue Air India's battered image

While Air India remains a high-profile operator in one of the world's biggest aviation markets, customer complaints about a decline in standards have hurt its reputation

Indian legal system a hurdle for aircraft lessors: Air India to govt

Lessors wish to set up SPVs outside India

Air India group most frequent flyer on 7 of 10 busiest domestic routes

Also runs IndiGo close on the other three

Tata group, Singapore Airlines finalise merger of Air India and Vistara

Combined entity will become India's largest international and second largest domestic carrier

Domestic airlines flew 409,831 passengers on Sunday, highest since May 2020

Air traffic touches nearly 96 per cent of pre-Covid level

Clipped wings: Post-Covid pandemic recovery in air travel stalls

The biggest decline has been in foreign tourist arrivals

Year-end fares go through the roof as airlines fly on low capacity

More than 75 planes are grounded; Goa to see 11% fewer flights in December

Airport slots for next season to be based on this season's usage: Govt

Usage of slots for more than 80 per cent of time in the previous winter season decides whether an airline would get the same slot again in the current winter season

69% Go First flights delayed on average in past three days; DGCA to probe

Airline forced to raise utilisation of its operational planes; delay as high as 82% on Saturday

Domestic airlines industry may see up to Rs 17,000 cr loss in FY23: Report

The domestic airlines industry is projected to post a loss of Rs 15,000-17,000 crore in the current fiscal as their financial performance is likely to remain under pressure in the near term, a report said on Friday. Credit rating agency ICRA said the recovery in domestic passenger traffic has been healthy but elevated Aviation Turbine Fuel (ATF) prices will continue to pose a major threat to earnings and the liquidity profile of the airlines in the near-to-medium term. The domestic passenger traffic grew around 26 per cent year-on-year to about 114 lakh in October. In the year-ago period, the number was at 90 lakh passengers. However, the latest October figure remained 8 per cent lower when compared to the pre-pandemic traffic level, the rating agency said in a report. ICRA has a negative outlook on the domestic aviation industry. According to the report, the depreciation of the Indian rupee against the US dollar will have a major bearing on the airlines' cost structure. The debt

IndiGo, Go First weighed down by grounded planes and engine shortages

IndiGo confirms 30 planes on ground, plots alternate strategies for capacity growth

Go First takes two ECLGS loans totaling Rs 203.5 crore amid cash crunch

Go First's loss more than doubled to Rs 1,807.91 crore in FY22 due to US-based Pratt and Whitney's delay in supplying engines and multiple waves of Covid-19 that affected air travel