United Airlines Profit

After the twin shocks of a cash ban in 2016 and the chaotic introduction of a consumption tax last year, India's economic recovery is gaining momentum. Businesses are taking advantage of the solid demand to raise prices, lifting profits, but also fanning inflation at a time of higher oil prices and a currency slump.

United has vowed to stop the practice of using police to remove passengers and will likely undertake further changes after a full audit of the incident.

United Continental reported sharply lower first-quarter earnings Monday but they still bested analyst expectations, and the airline vowed to remake its customer service after its rough treatment of a passenger stoked global outrage.

On the surface the outrage over United Airlines forcibly removing a man from a flight after he refused to "voluntarily" give up his seat for a United employee looks like just another case of airline overbooking gone awry.

Efficient functioning and reduction in operational costs has helped national carrier Air India turn from a loss-making airline into an "operational profit unit", the Lok Sabha was informed on Tuesday.

Liquor baron Vijay Mallya's son Sidhartha has quit as a director from the board of United Breweries (Holdings) Ltd, a firm that holds investments in companies such as United Spirits and United Breweries.

The Kingfisher Villa is part of the collateral pledged by United Breweries (Holdings) Ltd and Mr Mallya, guarantors to the Rs 7,000-crore loan that his Kingfisher Airlines had taken from a consortium of banks. SBI has the highest exposure of Rs 1,600 crore to the defunct Kingfisher Airlines.

United Breweries Holdings shares slumped nearly 14 per cent on Tuesday after the Vijay Mallya-controlled company was declared a wilful defaulter by state-run Punjab National Bank.

Major US airlines are facing a boon thanks to lower fuel prices and enjoying record profits, but doubts remain as to whether the industry can reach long-term profitable levels.

The airline founded by Mr Mallya failed to make a profit during the eight years from launch to the grounding of its fleet in October 2012 and has been unsuccessful in efforts to find new investors to revive operations.

United Breweries Holdings on Thursday reported an over two-fold jump in net profit at Rs 802.10 crore for the quarter ended June 2014, boosted by 'exceptional items'.

A de-listing would pave the way for Khazanah to revive the ailing carrier, possibly by selling off its profitable engineering, airport services or budget airline units, trimming its bloated payroll and installing a new management team.

Global airline sector profit is likely to grow to $7.5 billion this year, with Asia Pacific and Middle East based airlines dominating the international passenger market and leading the way in terms of improved operating margins, according to IATA data.

AirAsias India venture may hit rough weather, aviation sources told NDTV Profit, based on the ministrys interpretation of foreign direct investment (FDI) norms in the sector.

The BSE Sensex fell on Friday, posting its biggest weekly fall in four weeks, led by falls in State Bank of India, after the country's biggest lender posted its smallest profit increase this year as bad loans constrained earnings growth.

After the twin shocks of a cash ban in 2016 and the chaotic introduction of a consumption tax last year, India's economic recovery is gaining momentum. Businesses are taking advantage of the solid demand to raise prices, lifting profits, but also fanning inflation at a time of higher oil prices and a currency slump.

United has vowed to stop the practice of using police to remove passengers and will likely undertake further changes after a full audit of the incident.

United Continental reported sharply lower first-quarter earnings Monday but they still bested analyst expectations, and the airline vowed to remake its customer service after its rough treatment of a passenger stoked global outrage.

On the surface the outrage over United Airlines forcibly removing a man from a flight after he refused to "voluntarily" give up his seat for a United employee looks like just another case of airline overbooking gone awry.

Efficient functioning and reduction in operational costs has helped national carrier Air India turn from a loss-making airline into an "operational profit unit", the Lok Sabha was informed on Tuesday.

Liquor baron Vijay Mallya's son Sidhartha has quit as a director from the board of United Breweries (Holdings) Ltd, a firm that holds investments in companies such as United Spirits and United Breweries.

The Kingfisher Villa is part of the collateral pledged by United Breweries (Holdings) Ltd and Mr Mallya, guarantors to the Rs 7,000-crore loan that his Kingfisher Airlines had taken from a consortium of banks. SBI has the highest exposure of Rs 1,600 crore to the defunct Kingfisher Airlines.

United Breweries Holdings shares slumped nearly 14 per cent on Tuesday after the Vijay Mallya-controlled company was declared a wilful defaulter by state-run Punjab National Bank.

Major US airlines are facing a boon thanks to lower fuel prices and enjoying record profits, but doubts remain as to whether the industry can reach long-term profitable levels.

The airline founded by Mr Mallya failed to make a profit during the eight years from launch to the grounding of its fleet in October 2012 and has been unsuccessful in efforts to find new investors to revive operations.

United Breweries Holdings on Thursday reported an over two-fold jump in net profit at Rs 802.10 crore for the quarter ended June 2014, boosted by 'exceptional items'.

A de-listing would pave the way for Khazanah to revive the ailing carrier, possibly by selling off its profitable engineering, airport services or budget airline units, trimming its bloated payroll and installing a new management team.

Global airline sector profit is likely to grow to $7.5 billion this year, with Asia Pacific and Middle East based airlines dominating the international passenger market and leading the way in terms of improved operating margins, according to IATA data.

AirAsias India venture may hit rough weather, aviation sources told NDTV Profit, based on the ministrys interpretation of foreign direct investment (FDI) norms in the sector.

The BSE Sensex fell on Friday, posting its biggest weekly fall in four weeks, led by falls in State Bank of India, after the country's biggest lender posted its smallest profit increase this year as bad loans constrained earnings growth.