Even as air travel slowly rebounds with the rollout of vaccines gathering pace in most major economies, getting business travel back on track is a key objective for airlines.
Carriers in India had reached 87% of their pre-pandemic seat capacity through early April, which has now unraveled domestic flights are pulled back due to rising cases.
After months of deep discounts — with hotels offering lavish perks and airlines dangling fares — prices are set to make up at least part of the ground they lost.
The Dubai-based airline is the largest customer of the Airbus A380, whose sheer size has made it particularly unviable to maintain during the pandemic.
With international flights running at 12% of their levels a year ago, the usual path for companies to bring in cash is blocked. Still, there are many ways to provision your army.
The Hong Kong-based airline is also closing Cathay Dragon unit as part of a sweeping restructuring of the city’s flag carrier triggered by the hit to air travel from the pandemic.
The company has cut salaries for management and pilots, offered unpaid leave to employees, has sought payment deferrals and contract renegotiations since March.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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