Despite achieving its best-ever quarterly net profit of Rs 3,091 crore in the April-June period of the financial year 2023-24 (Q1FY24), InterGlobe Aviation-operated IndiGo is likely to face problems in the near future, as indicated by analysts.
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Preventing Middle East carrier Qatar Airways (QR) from increasing its flight capacity is projected to result in a loss of over $500 million in annual tourism income for the Australian economy, as indicated by industry projections.
Air India (AI), under the ownership of Tata, has reportedly amassed total losses of around ₹14,000 crore by the end of FY23, as per individuals familiar with the situation.
GERMANY- On August 3, 2023, German flag carrier Lufthansa (LH) Group posted a record Q2 result amid strong travel demands.
In the first quarter of the fiscal year 2023-24 (FY24), India’s largest carrier IndiGo (6E), owned by InterGlobe Aviation [NSE: INDIGO], surged into profitability, achieving an all-time high quarterly net profit of Rs 3,090.6 crore.
Industry insiders suggest airlines may face a doubling of insurance premiums due to recent war-related losses, leaving them with no choice but to pay higher costs to protect against future damages.
The leading aerospace company, Boeing [NYSE: BA], has announced the second quarter results for 2023, along with some good news related to the 737 and 787 production ramp-up.
Heathrow Airport (LHR) has kicked off 2023 on a strong note, witnessing resilient demand and exceptional service.
Qantas (QF), the national carrier of Australia, is making a renewed effort to remind Australians about the approximately $400 million in travel credits that remain unused with the airline since the COVID-19 era.