Airports in Jaipur, Guwahati, Lucknow, Trivandrum, Patna and Chennai will do away with the domestic passengers' hand baggage tags from June 1.
Airlines gain in 3-5 percent range, while paint stocks rally between 3 and 8 percent on the back of cut in input cost prospects.
In an interview to CNBC-TV18, Mayur Milak, Senior Research Analyst at IndiaNivesh Securities spoke about the impact of goods and services tax (GST) on airline sector.
Jet Airways falls over 8 percent, while SpiceJet ends 6 percent lower.
Fuel costs rose 71 percent at Rs 1,750.5 crore against Rs 1,023.6 crore a year ago; net profit was reported at Rs 440.2 crore against Rs 185.2 crore YoY.
Making it the fifth non-stop destination in the United States, a direct service would start to Washington from July 7, followed by a flight to Los Angeles from September 1 and then to Dallas.
The Centre for Asia Pacific (CAPA), the Sydney-based aviation think-tank, in its report titled "Global Fleet and Financing Review 2017," also said that the airline is likely to opt for Boeing 777X for long haul operations.
The government willask airlines to promote the use of Aadhaar by fliers while purchasing tickets and encourage travellers to link their flight tickets to their Aadhaar cards for a seamless experience.
ATF has been subject to an excise duty of 14 percent. On top of the excise duty, state governments impose a value added tax which varies from 4 percent to 30 percent.
The process to induct these first officers or co-pilots is in the final stage and they are expected to join Air India by next month, an airline source said here.
The domestic air traffic was up about 15 percent in March but that is below the 20 percent that it was managing to notch up about couple of months back. In an interview to CNBC-TV18, Mayur Milak, Research Analyst - Institutional Equity at Anand Rathi shared his views and outlook of the aviation and tyre sector.
He was responding to a question whether Lufthansa had any plans to set up a local carrier in India following Qatar Airways announcing its plans to foray into domestic airline business.
This is the highest number of flights operated by an Indian airline on a single day. Aditya Ghosh, enthused by the news, is gunning for 1000 flights for the airline soon.
The airline spent around Rs 2,316 crore in FY17 on salaries of 15,000 employees, out of which 2,000 are pilots that account for nearly half of the wage bill. In addition, employee cost was up by 26 percent on a year-on-year basis for the period.
The Airports Authority of India (AAI) plans to recruit 400 air traffic controllers this year, Union Minister Jayant Sinha said today. In a written reply to the Lok Sabha, the Minister of State for Civil Aviation said AAI recruited 200 air traffic controllers in 2015 and out of them 179 have joined.
After airlines banned the Shiv Sena MP for assaulting an Air India staffer, Gaikwad said he did not thrash anyone and did not create any ruckus inside the aircraft.
The experts generally keep a positive on the stock, but remain slightly cautious since it has rallied 38 percent in March alone.
The aviation company is in talks with investors to raise funds via minority stake sale, sources say.
Domestic air traffic has shown a consistent growth of 20 -25 per cent throughout 2015 and 2016, peaking in January this year at 25.13 per cent.
Despite tremendous gains in SpiceJet, Jet Airways, which saw 11 and 4.5 percent rise respectively in a single day, analysts see further uptrend for aviation stocks.
Civil Aviation Minister Jayant Sinha said that certain restrictions will be imposed on foreign players and they may not get all the privileges that Indian airlines enjoy.
Talking to Ashpreet Sethi of CNBC-TV18 he said that he is willing to offer land clearances to foreign companies for maintenance, repair and operations (MRO) set up.
The company will sell its own brand of products sourced from hundreds of vendors across the country and overseas. The venture will not be an aggregator like Flipkart, Amazon or Snapdeal.