Page 56 - Airlines

Covid-19 impact: Airlines' revenues set to dip by 55% in 2020, says IATA

It marks a sharp worsening of the forecast for the aviation industry, as just three weeks ago the decrease was predicted to be 44 per cent, or $252 billion

Trump admin to present airline rescue package soon, says US President

He did not rule out direct conversations with individual airlines in the coming days

Singapore Airlines offers full refund, bonus credit for cancelled flights

The enhanced options are available to affected customers who bought tickets on or before March 15 for travel from January 24 to May 31

How flights will operate after the lockdown is lifted

The Standard Operating Procedure being formulated by the DGCA will make it mandatory for airlines to keep all middle seats and the last three rows empty to minimise contact

Govt seeks ticket refund details from airlines as travel agents complain

Several airlines have suspended refund facility to travel agents while making weekly payments of sales.

Covid:19: With call centers shut, airports keep fliers busy on social media

Due to the suspension, passengers who had already booked their tickets to flights scheduled for this period have taken to social media platforms for their inquiries

Nowhere to go, Covid air pocket leaves flyers with forced vouchers

International airlines and Indian airlines are refusing to refund cash and giving credit that can be used later

Airlines, hotels stare at uncertain future amid coronavirus spread: CARE

The aviation industry, which includes airports and their vendors and suppliers, might not fully recover soon from the impact of the coronavirus disease (Covid-19) pandemic.

Major airlines urge US Treasury to disburse assistance of $58 bn quickly

In a letter dated Saturday and seen by Reuters, carriers wrote that "given the urgent and immediate need, it is essential that these funds be disbursed as soon as possible."

Transport, logistics woes clog ports and airports, custom clearance allowed

In many cases, duties are not being paid by importers due to temporary closure of manufacturing facilities

India to suspend domestic flights, seeks to lock down coronavirus spread

The country banned international flights for a week on March 20, and many states in the country have either curtailed or suspended public transport as preventive measures against the disease.

Covid-19: Jet fuel refining margins turn negative as airlines ground fleets

Refining margins for jet fuel plunged to minus 7 cents per barrel over Dubai crude on Monday, a level not seen in the last 11 years

Delhi airport turns one runway into parking bay as airlines ground planes

Delhi is the busiest airport in the country with over 1300 flights daily which have now come down to 800-900 flights a day

GoAir appoints aviation sector veteran Sanjiv Kapoor as its advisor

Kapur has also been associated in the past with SpiceJet, where he handled the position of Chief Operating Officer

Global airlines need up to $200 billion in emergency aid, says IATA

Airlines worldwide face an unprecedented existential threat as the COVID-19 pandemic, which has killed more than 9,000 people around the world, shuts down global travel.

Airlines disappointed with EC guidelines on EU261 passenger rights regime

Besides, both organisations had called for a limitation on extensive obligations to provide care and assistance in the event of cancellations due to COVID-19.

Govts offer airlines financial aid as Coronavirus drives deeper flight cuts

With airlines halting plane deliveries and new orders to conserve cash, Boeing Co called on the US government to provide at least $60 billion in access to liquidity

Airlines, travel agents seek relief as they fly into coronavirus turbulence

Globally, airlines have grounded aircraft and slashed flights as governments have suspended visas and restricted travel to stop the spread of Covid-19

Govt plans relief package for domestic airlines ravaged by Covid-19: Report

At present, the sector is the worst affected due to the outbreak

'Single biggest shock': Airlines, airports battle Covid-19 cash crunch

The only bright spot for the airline is the cargo market, where rates are surging as a result of the loss of capacity in the belly of passenger aircraft as those flights are cut