Indian airlines likely to post loss of over $600 million this fiscal: report

New Delhi: Indian carriers are estimated to report a consolidated net loss of over $600 million (over Rs 4,230 crore) in 2019-20, according to aviation consultancy CAPA as it downgraded its full-year profitability projection made in June. In June, it projected a consolidated net profit of $500-700 million in the optimistic case. Currently, there are…

Airlines cancel flights to Assam amid ongoing unrest over Citizenship Bill

All airlines have cancelled or rescheduled their flights to Assam which is seeing a violent unrest against the passage of Citizenship (Amendment) Bill 2019 by the Parliament. The airlines - Vistara, GoAir, Spicejet and IndiGo - are giving full ref... ET Online|Dec 12, 2019, 10.46 AM ISTAgenciesAll airlines are now allowing passengers to get full…

Global airlines cut 2019 profit forecast over trade tensions

GENEVA: Airline profits are on course to fall faster than expected in 2019 as trade wars hit global commerce and broader confidence, the industry's main global body said on Wednesday, while predicting a modest recovery next year. Cutting its full-year net profit forecast to $25.9 billion, a 5.1% decline from 2018, the International Air Transport…

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