Airlines tumble on Paris attack as Asia stocks retreat

Asian markets mostly fell Monday following the deadly weekend terror attacks in Paris -- with airline stocks taking a beating on concerns over the tourism industry.

Air Costa in funding talks ahead of launch of pan-India ops

Regional carrier Air Costa, which is awaiting aviation regulator's nod to fly pan-India, is in talks with various investors for raising funds.

Russia-Ukraine direct flights to stop from Sunday

Russia and Ukraine will close their airspace to each other's airlines from Sunday, ending direct flights between the two countries, the media reported.

Airline losses to come down 35 to Rs 5,500 crore this FY: ICRA

Low crude prices, increasing efficiency and rising air traffic will help the domestic airlines bring down their losses massively this fiscal to around Rs 5,500 crore from around Rs 8,500 crore last year, says an analyst report.

AirIndia, GoAir to shift domestic operations to T2 shortly

As part of the phased integration of domestic and international operations from the spanking new facility (T2) of the city's airport, more airlines will shift their operations to the new terminal beginning next week.

Krishnan Balakrishnan new CFO of GoAir

Wadia Group-promoted no-frills airline GoAir has appointed Krishnan Balakrishnan as its Chief Financial Officer (CFO).

Seventh heaven: IndiGo net profit rises for 7th straight year, quadruples to Rs 1,304 cr in FY15
Seventh heaven: IndiGo net profit rises for 7th straight year, quadruples to Rs 1,304 cr in FY15

This is also the highest ever annual profit registered by the airline -- which is also preparing for a Rs 2,500 crore initial public offer -- since its inception in 2005.

Govt may ask airlines to reduce price of air fares

The central govt. is upset with high airline fares during festivals and may ask all airlines to reduce the fares.

Domestic airlines to discuss high airfares issue on Sept 15

Domestic air carriers have been called for a meeting on September 15 by the government to discuss the issue of high airfares, especially during festival seasons and emergency travel, after Prime Minister Narendra Modi expressed serious concern over the issue.

Aviation Ministry working on airfares after PM Modi's concerns

The Civil Aviation Ministry is working on options to address the issue of airlines charging high fares, especially during festive seasons, in the wake of serious concerns expressed by Prime Minister Narendra Modi on the issue but ruled out regulating ticket prices.

Government mulls 2% cess on air tickets

The money raised through the cess would be utilised for viability gap funding of domestic carriers operating flights to regional and remote areas.

PM Modi's concern over predatory airfares, likely cess on tickets

Prime Minister Narendra Modi has expressed serious concern over the predatory pricing by the domestic airlines, an issue that will be addressed shortly by the civil aviation ministry, which is also mulling a two per cent cess on tickets in its new aviation policy.

Air India likely to seek more time to decide on Boeing proposal

The airline has constituted a three-member panel to go into the pros and cons of the proposal, which has been pending for nearly four years, Air India sources said on Wednesday.

SpiceJet announces special fare scheme starting at Rs 799

Under the new discount scheme, single one-way fare between Delhi and Mumbai or Mumbai and Chennai will work out at Rs 1,899 (excluding taxes).

British Airways server hacked; mileage points stolen

More than 2 crore mileage points of British Airways passengers have been stolen.

Ghost airports highlight risks as PM Modi spends to grow

Not a single passenger has passed through the gates of an airport big enough to handle more than 300,000 travellers a year, with parking bays for three 180-seater narrow-body jets.

Air traffic grows 29% in July; airlines carry 67.45 lakh people

The number of passengers ferried by domestic carriers climbed 29 percent to 67.45 lakh in July as discounts and fall in fuel prices made airfares more affordable.

Boeing says domestic airlines on way to break-even

Boeing's main customers in the country include Air India, Jet Airways and Spicejet which also have Airbus planes, while the largest carrier Indigo has only Airbus aircraft.

Bill to revise airlines' liability introduced in Lok Sabha

The Carriage by Air (Amendment) Bill, 2015, introduced by Civil Aviation Minister Ashok Gajapathi Raju, would enable the government to revise the liability limits of air carriers in line with the Montreal Convention, which was acceded to by India in May 2009.

SpiceJet shares close over 3% higher on stake sale reports

Shares of low-cost airline SpiceJet were in demand Friday, rising over 3 percent, amid media reports of stake sale.