IATA forecasts positive outlook for global airline industry in 2025
The global airline industry in 2025 expects a slight increase in profitability amid ongoing cost and supply chain challenges, the International Air Transport Association (IATA) said
The global airline industry in 2025 expects a slight increase in profitability amid ongoing cost and supply chain challenges, the International Air Transport Association (IATA) said
Carsten Spohr, CEO of Germany's flagship airline Lufthansa, has warned about the risks to the country's aviation industry from rising government-imposed costs and new regulations.
Struggling low-cost carrier SpiceJet on Saturday said its board has approved the issuance and allotment of 48.70 crore equity shares to qualified institutional buyers at Rs 61.60 per share.
Leading low-cost carrier IndiGo on Friday said it was currently experiencing delays and cancellations of its flights due to global outages faced by its cloud server software and software provider.
Low-cost airline SpiceJet Ltd on Monday reported a consolidated net profit of Rs 127 crore for their January-March quarter of 2023-24 compared to a net loss of Rs 6.22 crore in the same quarter of the previous year.
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A senior DGCA official said that SpiceJet can operate at full capacity from October 30 onwards. During the 'Enhanced surveillance' period, SpiceJet has shown improvement in their operations, said an official. On September 21, DGCA had extended flight capacity restrictions on SpiceJet till October 29.
In its bid to enhance domestic connectivity, IndiGo has announced the launch of eight new exclusive flights on the Bhopal-Udaipur, Ahmedabad-Jammu, Ranchi Bhubaneswar, and Indore-Chandigarh routes in its winter schedule for 2022.
