The domestic aviation industry is expected to report a net loss of INR 25,000-26,000 crore this fiscal with elevated jet fuel prices and fare caps continuing to pose a major challenge for the airlines’ profitability, domestic rating agency ICRA said on Thursday. Domestic airlines, however, are likely to post a reduced net loss of INR 14,000-16,000 crore in the next financial year on the back of a “notable recovery” in air passenger traffic and lower level of debt, ICRA added. The ratings agency also estimates that the industry will require additional funding in the range of INR 20,000-22,000 crore during…
Author: Disha Ghosh
Sabre Corporation, a software and technology company has terminated its distribution agreement with Aeroflot, the largest government-majority owned carrier in Russia. Sabre is taking immediate steps to remove Aeroflot flight content from its global distribution system (GDS), a marketplace used by travel agencies, travel websites and corporations around the world to shop, book and service flight reservations. “Sabre has been monitoring the evolving situation in Ukraine with increasing concern. From the beginning, our primary focus has been the safety of our team members in the impacted region, as well as doing our part to support the much-needed relief efforts,” said…
Luxury outbound brand, Signature Tours from the Creative Travel family of brands, has been transformed to its new avatar, Away&Co. The company said that they are taking their deep knowledge, and the great partnerships across the world, to rewrite the idea of experiential travel in an ever-changing world. Away&Co is for a highly cultivated traveller with an appetite for the unusual, who are looking for something enriching and authentic, who like to wander, discover new secrets, and find new stories across the world. Commenting on this development, Rohit Kohli, Jt. Managing Director, Creative Travel, said, “The Indian outbound market has…
SriLankan Airlines adorns one of its aircraft with customised livery to reaffirm its status as the official airline of the much-awaited ‘Raid Amazones 2022.’ Raid Amazones 2022 is an annual sporting event that features a large number of French female athletes competing their way to victory through multiple sports events and activities against the backdrop of an iconic tourist destination. Every year, the event highlights an attractive tourist destination through inherent features such as its ecological beauty, citizens’ way of life and culture, which are prominently showcased to the world through global media that follow the athletes in their trail.…
BookingJini, a hospitality focused SaaS platform, is now the official partner of the Uttarakhand Tourism, streamlining reservation processes, property management and day to day activities for hotels and other accommodation providers. The state tourism has mostly been subjected to flat rates for decades, which mandates a substantial change in the process. BookingJini’s entry into the scenario will shake up the status quo, introducing a pricing based on demand and supply of services. The influx of this new practice will help hotels get best payment for their services, increase the valuation of the hospitality sector of Uttarakhand and boost the state’s…
In view of the significant decline in number of COVID-19 cases across the country, the Andaman and Nicobar administration decided that fully vaccinated people are exempted from the requirement of carrying RT-PCR negative test report to enter the union territory, an official said on Wednesday. Such fully vaccinated individuals shall produce the final vaccination certificate at the origin airport/seaport in the mainland and Port Blair airport/ seaport, an order issued by the principal secretary, health, Dr V Candavelou said. The order further said that all asymptomatic children below 5 years of age are exempted from carrying RT-PCR negative test report…
Recent figures released by the United States National Travel and Tourism Office (NTTO), have revealed that India ranked 3rd amongst US key source markets globally between January and December 2021. The USA welcomed 433,305 Indians in 2021 marking a 29% rise from 2020. When the U.S. borders reopened to international travellers on November 8, 2021, the number of Indians immediately shot up to 70,808 arrivals (compared to 17,701 in October 2021) and this continued to rise in December 2021 with 89,301 arrivals. The breakdown of travel reasons to the US for 2021 were: 55.4% leisure, 11.3% business travelers and 33.4%…
Kerala Tourism is preparing to roll out aggressive promotional campaigns across the country, targeting diverse segments of travellers, reports The Hindu. The campaigns to ramp up the state’s tourism and hospitality industry will be based on a variety of themes such as Long Stays, Homestays, Drive Holidays and ‘Change of Air’ besides new products like Caravan Holidays. The promotional initiatives will be bolstered by a series of travel trade networking activities, including participation in Trade Fairs, organising B2B Partnership Meets and roadshows, and promoting products and events through various media such as print, TV, radio, digital, OTT, and theatre. During…
The U.S. government has announced a ban on Russian flights from American airspace following similar moves by the European Union and Canada after Russia’s invasion of neighbouring Ukraine. “I am announcing that we will join our allies in closing off American airspace to all Russian flights, further isolating Russia and adding an additional squeeze on their economy,” Biden said in his State of the Union address. The U.S. Transportation Department Federal Aviation Administration orders will suspend operations of all aircraft owned, certified, operated, registered, chartered, leased, or controlled by, for, or for the benefit of, a person who is a…
As per the statement issued by the Civil Aviation of Thailand and the Ministry of Civil Aviation in India, Thai and Indian airlines are now allowed to offer flights through the travel bubble scheme between the two countries, allowing citizens and visa holders to travel. Commercial flights between the two countries have been suspended since March 23, 2020, after the arrival of Covid-19. According to the arrangement, commercial flights between the two countries will be allowed to fly passengers of Thai, Indian, Nepal and Bhutan nationalities as well as other nationalities that have visas to enter both Thailand and India.…
