Page 49 - Aviation Industry

Travel outlook uncertain, demand may fall amid Covid-19 crisis: Vistara

Domestic air travel resumed on Monday after a span of two months and a majority of passengers in the first four days were those, who were left stranded in different parts of the country.

EasyJet to cut a third of workforce as Covid-19 pandemic hits travel

The airline said it expects to have reduced its fleet size by around 51 aircraft to approximately 302 by the end of September.

Lockdown 4.0: Over 95% flight bookings for one-way trips, shows data

Domestic flight operations resumed on May 25 after a two-month suspension, allowing stranded people to return home.

Charter aircraft firms may see uptick in biz in next three months

Non-scheduled domestic operations, which include private and charter flights, began on Monday.

Day 1 of flights resumption: Airlines walk an extra mile to ensure safe ops

Domestic operations were suspended on March 24. While cargo and relief operations are underway, a majority of aircraft had to be maintained in proper condition.

'How do I get a printout?' New flying rules test some passengers' patience

India resumed commercial domestic flights on Monday after a gap of two months and the first day saw high cancellations and nervous passengers trying to adapt to the new normal of flying.

Germany set to take Lufthansa stake in landmark $9.8-billion bailout

The aid package involves taking an initial 20 per cent stake that could rise to a blocking minority of 25 per cent plus one share in the event of a hostile takeover, the carrier said on Monday.

Oppn accuses Centre of usurping states' powers, demands revised stimulus

The opposition demanded that the Centre "consult state governments while allowing international/domestic flights".

Covid-19 crisis: Airlines say flights between green zones unviable

Want services to resume only after at least three major airports in the country become functional

Domestic aviation sector will need extra Rs 35,000 cr between FY21-23: ICRA

In the forecast, Icra has included an aggregate of all the five private sector players -- IndiGo, SpiceJet, GoAir, Vistara and AirAsia India -- to make the balance sheet

Centre reverses stance, allows domestic flights to resume on May 25

Aviation minister's tweet caught airlines and airports off guard as they were preparing for a resumption from June 1

Covid-19 lockdown: Airlines go for cuts again as grounding may extend

With indications of a longer period of air transport grounding, many airlines are looking at further cuts in employee salary.

Qatar Airways to lay off staff as Covid-19 grounds global aviation industry

The Doha-based carrier offered no figures for the number of employees who will be laid off.

Covid-19 lockdown to cause Rs 25,000 cr loss in revenue to aviation: Crisil

Its estimates indicate that the aviation industry will crash-land this fiscal year with a revenue loss of Rs 24,000 crore to 25,000 crore.

Aviation sector stares at Rs 25,000 cr revenue loss due to lockdown: Report

The losses would reverse the trend growth of 11% per annum the industry has logged over the past ten years, making it one of the most adversely affected sectors of the economy

Domestic aviation industry to incur over Rs 24,000 cr loss in FY21: Report

This would reverse the growth trend of around 11 per cent per annum, which the industry has logged over the past ten years, making it one of the most adversely-affected sectors of the economy

EasyJet reveals hackers accessed 9 mn passengers' travel details, email IDs

It also said that following a forensic investigation, it found that the credit card details of only 2,208 people were accessed and that those affected have already been contacted.

Virgin Atlantic plans to cut over 3,000 jobs amid coronavirus outbreak

The spread of the novel coroanvirus has virtually brought airports around the globe to a standstill, leaving airlines taking drastic steps to make savings.

India's domestic air passenger traffic fell by 11.8% in March, says IATA

The International Air Transport Association (IATA), however, said global passenger traffic dived 52.9 per cent compared to the same period a year ago.

Indian airlines may suffer $11.2 bn revenue loss, 2.9 mn jobs at risk: IATA

IATA called for a combination of direct financial support, loans, loan guarantees and support for the corporate bond market, and tax relief