With indications of a longer period of air transport grounding, many airlines are looking at further cuts in employee salary.
Aircraft lease rentals account for around 15 per cent of an airline's overall expense and since these are paid in dollars are also subject to currency fluctuation.
Starts door-to-door screening in Worli and Dharavi; 81% tested in Maharashtra are asymptomatic; BMC awaits rapid antibody test kits; isolation centres, Covid-19 beds being added rapidly
All airlines except Air India were accepting bookings for domestic flights beyond April 14 but now those would be cancelled as government extended the lockdown.
The enhanced options are available to affected customers who bought tickets on or before March 15 for travel from January 24 to May 31
Private joint venture airports (seven of them), including Mumbai, Delhi, Bengaluru, and Hyderabad accounted for over 54 per cent of the 349 million passengers in CY19.
Many are doing online product and sales workshops to enable staff to adapt to changed business scenario, even though there is little clarity on when travel curbs will be lifted
Several airlines have suspended refund facility to travel agents while making weekly payments of sales.
Air India, GoAir and IndiGo have already announced salary cuts to tide over cash crunch caused by suspension of operations
Around 50 pilots and cabin crew of the airline couldn't return before lockdown was announced
Extent of March pay cut not known, lowest pay grades will suffer least; domestic airlines have sought urgent funding from govt to pay 50% staff salaries for next three months
Stranded passengers petitioned external affairs ministry for help and allow them to return to India
\All government offices will function with 25 per cent attendance and local trains and buses will continue to operate as usual in Mumbai to allow for smooth functioning of essential services
Aviation consultancy CAPA estimates Indian airlines (except Air India) will post $500-600 million loss in first quarter
India sees over 300 international flights each day but the numbers have been shrinking by the day because of travel bans.
Around the world, airlines are responding to COVID-19 crisis with sharp reduction in capacity, pay cuts and layoffs
CAPA projects Indian airlines to post $500-600 mn loss in Q1 FY 2021, says most airlines in the world will be bankrupt by May end
Coronavirus shuts traffic on India's busiest international route
The aviation regulator issued the advisory as customers have been forced to cancel travel on government orders but are unable to claim a full refund from airlines because of fare rules
Those with reservations face potentially steep losses for cancelling; those contemplating trips must weigh the risk of getting sick or being quarantined