by BA StaffAmerican full service carrier Delta Air Lines reported its traffic results for September 2013. Unit passenger revenues continued the summer’s strong performance, increasing 5.5% year over year. Highlights include: 5.5% increase in passenger revenue per available seat mile (PRASM) Projected September quarter per gallon fuel price: $2.98 – $3.03 September mainline completion factor…
Ryanair has dropped legal proceedings against the Belfast Telegraph after the paper issue an apology to the carrier about a number of false claims made in an article posted on the Telegraph website on August 6th. Find the details below. 19th August 2013 RYANAIR WELCOMES BELFAST TELEGRAPH APOLOGYRyanair, Europe’s only ultra-low cost carrier (ULCC), today…
For little over a year now, US airframer Boeing, has been offering a ‘Performance Improvement Package’ (PIP) on its best selling 737NG aircraft. This includes the 737-800, 737-700 and 737-900ER, operated, in India, by the Jet Airways group and SpiceJet. PIP combines aerodynamic and engine performance improvements to reduce fuel burn by up to 2%.…
As with all of the Indian airlines, Delhi based low cost carrier SpiceJet faced disappointing financial results in the fourth quarter and full year of fiscal year 2012, posting a net loss of Rs. 605.8 Crore for FY 11-12 and Rs. 249.2 for Q4. After large net losses at India’s two other publicly traded carriers…
The following was posted as a guest post over at The Wandering Aramean, a great travel blog written by Seth Miller which also doubles as a travel tool site. Be sure to check his site out, and stay tuned, as we will have some guest content from him this week. When India’s Jet Airways, Kingfisher…
When Kingfisher Airlines, once India’s second largest domestic airline, reported a Rs. 2,328 Crore (1 Crore = 10 Million) net post-tax loss for fiscal year 2012, it was simply an affirmation of the dire straits that a once proud airline has fallen into. Of the Rs. 2,328 Crore net loss, a whopping Rs. 1151.5 Crores…
Continuing the series of Indian carrier financial analyses, today we take a look at Kingfisher. Previous Analyses: SpiceJet Following the trend of most Indian carriers, Kingfisher posted a drop in net income; facing a net pretax loss of Rs. 3.90 billion vs. a pretax loss of Rs. 2.64 billion in Q1 2011. As compared to…
Keeping in mind the five year term of the Lok Sabha, the first year is the thank you budget, years two and three are the hard and bold budgets, year four is the status-quo budget, and year five is the populist budget meant to garner votes. With coalition politics in full sway, the union budget…
Within the weekend the threatened strike action by the Federation of Indian Airlines (FIA) on August 18th has fizzled out. On Friday July 31, the FIA members barring state owned Air India, took India by storm and announced they would suspend all domestic flights on August 18th in protest of the vindictive tax policies on…
The Minister for Petroleum and Natural Gas, Mr Murli Deora, informed the Lok Sabha (lower house of the Indian parliament) that Indian domestic airlines Kingfisher Airlines, Jet Airways, National Aviation Company of India Ltd (Air India), Paramount and SpiceJet, still owe a whopping Rs. 2,225.52 Crore ($445 million) to the stated owned oil marketing companies…
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