Page 6 - Domestic Airlines

Domestic air traffic slips to 7-year low in 2020 amid Covid-19 lockdown

In calendar year 2020, domestic airlines flew 63 million passengers, compared to 144.1 million in the previous year.

Airlines get ready for Covid-19 vaccine journey ahead of inoculation drive

Government has asked airlines to get ready to transport 30 tonnes of vaccines immediately

Vistara to continue with pay cut till March; to hike allowance for pilots

Full-service carrier Vistara will continue with pay cuts of its staff till March but will do away with the three-day leave without pay for pilots effective from January 1. For the pilots, the carrier will implement a 10 per cent salary cut while at the same time increase their monthly base flying allowance to 40 hours from 20 hours at present, a Vistara spokesperson said in a statement to PTI on Thursday. Vistara, the joint venture of Tata Group and Singapore Airlines, on June 30 announced a reduction in salary of its nearly 40 per cent of the total workforce till December 31, to deal with the low cash flow amid a weak passenger demand in the wake of the pandemic. For pilots, who were getting base flying allowance since April, which is a fixed component of the salary, for 70 hours per month, the allowance was reduced to 20 hours till December 31. In September, the airline also introduced a three-day 'Leave Without Pay' for the pilots. "The pay cut scheme at Vistara will continue t

Tatas spread wings in aviation, hike stake in AirAsia India to 84%

Malaysian parent planning to quit the joint venture fully

Airlines seek easier Kamath panel's parameters on loan restructuring

Have sought intervention of Ministry of Civil Aviation for fresh credit lines

A swayamvar and a high-maintenance bride

The analogy of Sita's swayamvar seems to work perfectly for the sale of Air India

Domestic carriers may post loss of Rs 21k cr in FY21 on revenue loss: Icra

The ratings agency has also revised downward its passenger traffic forecast with domestic passenger traffic estimated to decline 62-64 per cent this fiscal from the earlier forecast of 41-42 per cent

Airlines sceptical about recovery in winter, play safe on number of flights

None, save IndiGo & Vistara, are confident enough deploy even 50 per cent capacity for winter schedule, reducing chance of a faster recovery

Caught in Covid air pocket, SpiceJet posts Rs 593-crore pre-tax loss in Q1

Market leader IndiGo had registered a pre-tax loss of Rs 2,849 crore during the same period

Government allows airlines to increase capacity upto 60% of total capacity

Indian airlines resumed their domestic operations from 25 May after being grounded for two months due to the lockdown to contain Covid-19 pandemic

Delhi, Mumbai airports to partner firms for on-arrival Covid-19 testing

Also talking to airlines to see if test costs can be included in ticket price

Air India allowing travel agents to sell seats only on select flights

Air India said it has received several complaints from passengers about overcharging by agents or their sub-agents

DGCA blocks SpiceJet's promo offer, says it breaches govt pricing order

SpiceJet was offering one-way fares starting at Rs 899 and a complimentary voucher of up to Rs 2,000 which could be used for future booking

Before swinging the axe on jobs, retire the retired first: Air India staff

Say they must be the 'first targets' for LWP scheme

AAI cracks whip on SpiceJet, puts airline on 'cash and carry' mode

While SpiceJet was to be placed on a 'cash and carry' mode from Thursday midnight, the proposal was deferred upon a request from the airline.

ICRA reaffirms IndiGo's long-term rating at A-plus with negative outlook

Agency acknowledges India's largest airline's strong market position, cost-efficient structure and robust liquidity profile among its peers

IndiGo flies into the red on Covid curbs, posts loss of Rs 2,843 cr in Q1

Posts loss of Rs 2,843 cr in Q1FY21 against PBT of Rs 1,509 cr Q1FY20

IndiGo to raise $268 mn via sale, leaseback of planes and other assets

Airlines globally are looking for ways boost their finances after the coronavirus crisis kept travellers at home

Covid-19 impact: Govt extends cap on airline capacity, fares till Nov 24

On June 26, the government had had allowed airlines to increase flights upto 45% of their total capacity, from the initial cap of one- third of their total capacity.

Domestic airfare cap to remain in place till November 24: Aviation Ministry

Domestic passenger services resumed on May 25 after nearly two months of suspension to combat the coronavirus outbreak.