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Airlines in India expected to report net loss of INR 5,000-7,000 cr in FY24: ICRA

Airlines in India expected to report net loss of INR 5,000-7,000 cr in FY24: ICRA

Indian airlines are expected to see a sharp drop in net losses to INR 5,000-7,000 crore this fiscal as they continue to witness healthy passenger traffic growth and improvement in their revenue, rating agency ICRA

Ministry
IRCTC’s net profit dips by 7% at INR 231cr for Q1, FY24

IRCTC’s net profit dips by 7% at INR 231cr for Q1, FY24

The Indian Railway Catering & Tourism Corporation Ltd (IRCTC) has reported a 7 per cent year-on-year (YoY) decline in net profit at INR 231 crore for the quarter ending June 30, 2023. During the same

Ministry
Parliamentary panel asks MoCA to define ‘reasonable profit’ for airlines

Parliamentary panel asks MoCA to define ‘reasonable profit’ for airlines

Despite ‘reasonable profit’ is among the factors considered by airlines while fixing tariffs, it has no set definition, a parliamentary panel has pointed out. It has recommended that the Ministry of Civil Aviation (MoCA) define

Top Stories
India’s domestic passenger demand climbs 14.8% in June: IATA

India’s domestic passenger demand climbs 14.8% in June: IATA

The International Air Transport Association (IATA) announced that the post-COVID recovery momentum continued in June for passenger markets. Indian airlines’ domestic demand climbed 14.8% in June and was 1.3% above the June 2019 level. The

Top Stories
France announces 5-year Schengen visa for Indian alumni

France announces 5-year Schengen visa for Indian alumni

France has announced that the Indian students who have even spent just a semester in their country are now eligible for a 5-year short-stay Schengen visa. “France believes that when an Indian student spends even

Aviation
Air India unveils new global brand identity representing its bold ambitions

Air India unveils new global brand identity representing its bold ambitions

Air India, a Tata Group-owned airline, has unveiled a modern brand identity and new aircraft livery that capture the essence of a bold new India, marking a milestone in its Vihaan.AI transformation of the national