Page 54 - Airlines

Global air travel unlikely to return to pre-Covid levels until 2024: IATA

Moreover, the overall domestic passenger traffic was 86.5 per cent less in June 2020 than what was observed a year ago, the global airlines body added

Covid-19 impact: In June, airlines could only fill two-thirds of seats

The passenger load factor of major scheduled commercial airlines stood between 54 per cent and 68 per cent, which means carriers were able to fill up to two thirds of the total seats in June.

1.98 mn people flew domestically in June; airline load factor was low: DGCA

Moreover, the occupancy rate or load factor for five out of six major Indian airlines was between 50 and 60 per cent in June 2020, it said

Airlines staring at Rs 1.1-trillion loss over 3 years: CRISIL Research

Airlines are unlikely to recoup this loss as growth is not expected to return to pre-pandemic levels of double-digit increase at least in the medium term, CRISIL Research said.

Air India to send some employees on leave without pay for up to five years

Air India has started the process of identifying employees, based on various factors like efficiency, health and redundancy, who will be sent on compulsory leave without pay

Asia-Pacific airlines to lose about $29 bn this year due to Covid-19: IATA

IATA said the region's airlines will see passenger demand measured in revenue passenger kilometres collapse 53.8 per cent this year

Tata Sons in talks to acquire AirAsia India stake at a steep discount

The Tata group is likely to tie up with other financial investors to acquire its Malaysian partner's 49 per cent stake in AirAsia India, said banking sources.

Vistara: Passengers can book adjacent seat at discount to keep it vacant

When it comes to concerns related to flying, 31 per cent of the customers expressed fear of exposure to coronavirus during the journey

India bars UAE airlines from operating flights; efforts on to resolve issue

A formal order has not been issued but UAE airlines, including Air Arabia, Emirates, Etihad and Flydubai, were verbally informed of the decision on Thursday.

Hammered by Covid-19 pandemic, Air France announces 7,500 job cuts

Activists from multiple unions protested at Air France headquarters at Paris' Charles de Gaulle Airport as talks began Friday

Covid-19 impact: Vistara announces 5-20% pay cut for 40% employees till Dec

The aviation sector has been hit hard by the pandemic and all airlines in India have resorted to cost-cutting measures like pay cuts to survive the crisis

Govt eases air travel norms for persons recovered from coronavirus

The ministry said the rule was being updated so that cured people don't face hardship in travelling by flights

AirAsia, GoAir eye revenue growth from charter flights amid Covid-19

Although limited in number, charters are lucrative for airlines

IndiGo to experiment with new revenue model to tide over Covid-19 crisis

InterGlobe Aviation, the parent firm of IndiGo, on Tuesday reported a net loss of Rs 871 crore in the March quarter and would not be doling out any dividend

Intl airlines initiate probe against Pak pilots, staff over fake licences

Last week, PIA grounded 150 pilots with "dubious licenses" after the preliminary probe report of the Karachi plane crash on May 22 blamed pilots and and air traffic control for the tragedy

First-person account: What it takes to make it home in the time of Covid-19

After being stranded in the US for over two months, he finally came back to India under the government's national repatriation scheme. Abhishek Waghmare gives a first-person account of the experience

Covid-19: Airlines don't have to keep the middle seat vacant, says SC

The apex court dismissed a plea against a Bombay High Court order that allowed middle-seat occupancy on domestic flights

Air freight rates return to earth as virus-driven boom cools; airlines fret

About half of the air cargo carried worldwide normally flies in the belly of passenger jets rather than in dedicated freighters

Covid-19 crisis: $30-billion deal renewal headache for IT companies

Outsourcing deals are either going to be renewed at a lower price or they will be delayed, say experts.

World coronavirus dispatch: Fresh outbreak in Beijing gathering momentum

Hundreds of flights in and out of Beijing were cancelled on Wednesday as authorities stepped up measures to rein in a sudden outbreak of coronavirus in the Chinese capital