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Airline industry News

31 Dec 2020

COVID-19 impact: Vistara to continue with pay cut for staff till March

Vistara, the joint venture of Tata Group and Singapore Airlines, on June 30 announced a reduction in salary of its nearly 40% of the total workforce The airline took this decision to deal with the low cash flow amid a weak passenger demand in the wake of the pandemic The aviation sector continues to grapple with low passenger volumes and travel restrictions by various countries

19 Aug 2020

GoAir witnessed exit of half-a-dozen executives in recent weeks

The airline "continues to assess the current market situation and will align its cost structures with the current flight operations These are planned furloughs in order to minimise cash burn so that the staff count is aligned to the current scale of operations, said a company statement The airline industry has been grappling with strong headwinds due to the coronavirus pandemic, with many of the carriers laying off people as part of cost-cutting measures

Virgin Australia

21 Apr 2020

Cash strapped Virgin Australia collapses due to coronavirus crisis

Virgin Australia announced that it entered voluntary administration to recapitalise the business after being battered by the coronavirus pandemic, which has crippled the global airline industry

11 Jun 2015

IATA talks to consumer forums on transparent laws

"Looking at the nature of some of the regulations being produced, it seems that some governments are ignoring basic commercial principles. They are producing regulations that do not address the root causes of many travel disruptions. In light of this, IATA and the airlines need to contribute a new perspective to the conversation on consumer protection," he said.

Airline industry

16 Dec 2014

Airline industry suffered over Rs 5,964 crore loss in 2013-14: Govt

The domestic airline industry suffered a total operating loss of over Rs 5,964 crore, including more than Rs 2,874 crore of Jet Airways and Rs 2,123 crore of national carrier Air India, in 2013-14, Rajya Sabha was informed Tuesday.

Airline industry

20 Jun 2014

Airline industry to invest in new IT initiatives: Survey

Almost the entire airline industry plans to invest over the next three years in new IT initiatives ranging from managing flight disruptions to introducing self-service technologies for passengers to meet such challenges, a global survey has shown.

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