Tata Group’s aviation business under Air India Group has made significant strides in financial performance, according to the Tata Sons FY24 annual report.
Finance
Rakesh Gangwal, co-founder of InterGlobe Aviation, prepares to sell up to $804 million of his stake in IndiGo Airlines (6E) through a block deal.
Norse Atlantic Airways experienced growth and narrow losses in Q2 of 2024, with ASK increasing by 105%, and flight numbers rising by 89%.
IndiGo Airlines (6E) is fined $5,832.60 by US Customs and Border Protection due to a delay in immigration fee payment.
United Airlines (UA) reported second-quarter 2024 financial results with pre-tax earnings of $1.7 billion and a pre-tax margin of 11.6%.
Alaska Airlines announced retrofit of 737 fleet with first class and premium seats alongside the second quarter financial reports for 2024.
World’s best airline, Qatar Airways (QR) Group has announced its strongest financial performance in its 27-year history, reporting record profits of QAR 6.1 billion (US$1.7 billion) in its Annual Report for the 2023/24 financial year.
Today, IndiGo Airlines (6E) parent company InterGlobe Aviation reported a strong profit of around 1900 crore INR for the fourth quarter (Q4) of 2023.
Singapore Airlines (SIA) reported a record full-year net profit on May 15 and is planning to increase dividend payouts for shareholders and offer larger bonuses for staff.
Avianca (AV) LifeMiles, a member of the Star Alliance, boasts one of the most esteemed frequent flyer programs, particularly favored by experts in award travel.