Page 45 - Spicejet

Despite rebound, airline stocks to underperform; investors advised caution

Even as costs are lower, demand weakness likely to keep airlines in the red for most of FY21

Covid-19 impact: SpiceJet says pilots will not be paid for April and May

Only those flying cargo aircraft will be paid according to the hours they fly

SpiceJet plane with Covid-19 medical supplies from Shanghai reaches Kolkata

In a release dated April 15, SpiceJet had said that it was operating its first-ever B737 cargo freighter flight to China to carry Covid-19 related essential medical supplies from Shanghai to Hyderabad

SpiceJet lessors in talks to reclaim planes over missed payments: Report

One of the leasing companies started to pull out a few planes earlier this year after SpiceJet failed to pay maintenance fees due since late last year

Covid-19: India told airlines to stop selling tickets, but they wouldn't

Four of the country's top six airlines, which together control 80 per cent of the local market, are selling domestic flight tickets for as soon as the third week of May

Airlines seek 6 month lease rent deferral, rates reduction to cut costs

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.

IndiGo, SpiceJet tank over 5% as govt prohibits them from booking tickets

Aviation minister Hardeep Singh Puri said in a tweet on Sunday that airline services shall remain suspended even after the lockdown is lifted on May 3.

Spicejet launches cargo-on-seat flights to carry essentials amid Covid-19

It is the first such service in India. The plane will complete five rounds today

Coronavirus fear: Govt raises issue of layoffs, salary cuts with companies

Low-cost airline SpiceJet had announced a 30 per cent pay cut for employees for March and announced "leave without pay' during March 25-31

AirAsia opens flight booking from April 15, says open to any change by DGCA

In case there is any change based on the direction provided by the regulator, he said, "we will abide to the policies and notify guests accordingly.

Coronavirus impact: SpiceJet to reduce salary of employees by 10-30%

The airline's Chairman and Managing Director, Ajay Singh, has also opted for a 30% cut in his March salary

SpiceJet announces 10-30% cut in March salary for all employees

As tough as it seems, most Indian carriers have already announced a pay cut for their employees, SpiceJet said

SpiceJet pilot who last flew on March 21 tests positive for coronavirus

As a precautionary measure, the spokesperson said, all crew and staff who had been in direct contact with him have been asked to self-quarantine by staying at home for the next 14 days.

CRISIL downgrades ratings for SpiceJet to 'B' as business takes hit

Puts ratings for three airports "under watch negative"

IndiGo, SpiceJet hit lower circuit after govt suspends domestic flights

The move is part of the nationwide lockdown that the government has imposed to stem the spread of coronavirus. India had banned international flights for a week on March 20.

Coronavirus: SpiceJet to suspend most international flights till April-end

The spokesperson said the airline's Kolkata-Dhaka flight would continue to operate as per schedule.

GMR Hyderabad Aviation SEZ to build cargo warehousing facility for SpiceJet

SpiceJet on Friday signed an agreement with GHASL for developing the facility

Covid-19 scare: Airline shares tumble up to 14%; IndiGo hits 52-week low

InterGlobe Aviation, the parent of the country's largest airline IndiGo, saw its shares slump 14.08 per cent to hit 52-week low of Rs 875

Drop in demand due to travel curbs may stall airline revenues in Q4

Sharp fall in crude oil prices, however, is a positive

Coronavirus outbreak: It's safe to travel, SpiceJet, GoAir tell customers

Flight occupancy and fresh bookings have dropped over ten per cent in last few days as individuals and corporates defer trips. International travel is already hit due to a series of visa restrictions