The DGCA officials called it a routine incident.
To avail this offer, a passenger will have to book the tickets through GO FIRST website and mobile app, and then enter the promo code GOVACCI.
IndiGo in October 2021 flew 48.07 lakh passengers, accounting for 53.5 per cent of the total domestic traffic. Whereas, Air India, which is now set to go to its new owner Tata Group, transported 10.61 lakh passengers with an 11.8 per cent market share, according to data.
Airline lists two new objects of issue and adds one risk factor to the draft red herring prospectus for the public issue.
In the past, Air India had been the most aggressive in price wars because of government and taxpayer backing. Now, the Tatas are likely to take a more prudent approach to pricing.
The pandemic curtailed flight operations across the country, widening the combined losses of 138 airports to Rs 2,882.74 crore. Still, the airports at Kandla and Chandigarh did better than the year before
On 194 of the 531 routes that IndiGo operates, the airline had an absolute monopoly. On several routes, it muscles out competitors by increasing frequency of flights or through better fares.
Airlines are bleeding and planning to raise capital to survive. Experts say airlines will have to either contract operations or resort to mergers and acquisition to become viable but both options have pitfalls and challenges
By opting to fly to Haneda and not Narita, Vistara will also be able to offer connections to US-bound passengers
Spicejet’s finances are worse than they were six years ago, when its balance sheet seemed about to crashland. Its income is propped up by assumptions of hefty compensation from Boeing for grounding of aircraft, and it is operating in a tough, pandemic-hit environment, but its small and rapidly growing, cargo business offers a ray of hope
Regulator sends show cause notice to Bombay Dyeing alleging irreguarities.
Less than a quarter of planes operated by Indian carriers were idled by the pandemic on June 11, in contrast with airlines in other countries that placed their aircraft in long-term storage
Also, starting June 1, the base fare will increase across the country. The argument for it is that there are very few passengers across the country and there is no need to increase the ceiling price since flights aren’t full. Also, since discretionary travel is not around, the increase in fare won’t impact demand directly.
Air traffic has fallen back close to the level seen a year ago, when airlines resumed operations after a two-month halt. Airlines now face much higher regulation and uncertainty about when their business will return to pre-COVID levels
The aviation sector tumbled in April, in line with rising COVID-19 infections, and has shrunk further in May, with traffic at 15 percent of the pre-pandemic level. Airlines have taken a beating but market leader IndiGo maintained its dominance.
The airline is in a desperate situation if it is not even able to pay for its fuel. Its numbers don’t inspire confidence
In the draft papers filed with market regulator SEBI, GoAir detailed how its performance compares with rival Indian carriers.
GoAir had in May 2020 announced a salary cut for pilots and other employees.
Given the sharp loss due to COVID-19 the company' net worth has dipped in the negative territory.
GoAir IPO: The airline listed "certain important factors that could cause actual results to differ materially from our expectations"
Wadia group-owned GoAir has filed the Draft Red Herring Prospectus (DRHP) for its initial public offering (IPO).
Strict lockdown last year in April and most of May derailed air travel, particularly international flights, which have taken a much bigger hit.
IndiGo is the clear leader. What about the second slot?
Like all other carriers, GoAir is at best a low-fare carrier and not a low-cost carrier since every other trick in the book to keep costs low are absent in India.
The low-cost airline wants to become an ultra low-cost airline. And it is banking on this model to differentiate itself from peers as it heads for a possible IPO.