• India’s Jet Airways quarterly losses narrow

    November 4, 2012
    India’s Jet Airways quarterly losses narrow

    NewDelhi -India’s second-biggest private airline Jet Airways has reported its quarterly loss narrowed by 86 per cent from a year ago as it benefited from troubles roiling rival Kingfisher Airlines.

    Jet announced  a net loss of Rs997 million rupees (Dh69.23 million, $18.5 million) in the second quarter, down sharply from a Rs7.13-billion loss posted in the same period a year earlier, as operating income surged.

    The results surprised aviation analysts who expected the airline to post a Rs2.6-billion loss for the three months to September.

    “An improvement in yields has helped the group to post an operating profit,” Jet chief executive Nikos Kardassis said.

    But he added an industry wide “slowdown in passenger traffic due to a weakened economic scenario and high fuel prices” pushed the carrier into the red.

    The airline owned by Indian tycoon Naresh Goyal — a former travel agent — posted its first profit in 18 months in the April-to-June quarter.

    Jet is among the carriers which have gained passengers from cash-strapped Kingfisher Airlines that until last year was India’s second-largest airline but now is its smallest.

    The airline industry’s regulator last month suspended debt-laden Kingfisher’s licence until it came up with a “viable” revival plan.

    Jet’s income from operations climbed 20 per cent year-on-year to Rs37.5 billion while overall revenues jumped 25 per cent to Rs41.37 billion.

    Sale and leaseback of aircraft and scrapping money-losing routes helped buttress performance, the carrier said.

    Jet is the second-biggest private airline in India by the number of passengers carried with a near 24 per cent share of the market.

    All of India’s airlines barring two — low-cost IndiGo and SpiceJet — are losing money and struggling to cope with heavy debt, intense competition and hefty fuel prices.

    The government recently cleared a $5.75-billion (Dh21.14 billion) bailout package for state-run Air India, which has debts of $8.3 billion.

    Declining passenger numbers are another problem facing India’s once vibrant aviation sector. The number of passengers flying shrank by one per cent between January and September, according to aviation regulatory data. – AFP

    • Connecting you with the world of travel and tourism

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      India announced  that it will open tourist visa applications to Chinese citizens from July 24, 2025. It was the first time in five years since the South Asian country suspended Chinese citizens’ tourist visa applications in February 2020.

      The Embassy of India in China announced via its Sina Weibo account  that, starting from July 24, 2025, Chinese citizens can apply for a tourist visa to visit India after completing an online application, scheduling an appointment, and personally submitting their passport and other required documents to three Indian visa application centers in Beijing, Shanghai, and Guangzhou in South China’s Guangdong Province.

      Responding to the related inquiry, Chinese Foreign Ministry spokesperson Guo Jiakun said  that “we take note of this positive move. Easing cross-border travel is widely beneficial. China will maintain communication and consultation with India to further facilitate travel between the two countries.”

      Chinese experts said the latest move taken by the India marks a phased milestone in the easing of relations between the two countries, and creates favorable conditions for further strengthening bilateral people-to-people exchanges.

      On February 2, 2020, India temporarily suspended its e-visa facility for Chinese travelers and foreigners residing in China amid coronavirus outbreak. – Global Times

      Trump to pause anti-immigrant

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      US President Donald Trump has decided to temporarily suspend raids on farms, hotels and restaurants, according a media report.

      The US government has ordered immigration officials to pause raids and arrests on farms, hotels and restaurants, according to a report by the New York Times.

      Immigration and Customs Enforcement (ICE) were sent a directive asking that they refrain from heading to such establishments, which also include meatpacking plants and aquaculture.

      Department of Homeland Security spokesperson Tricia McLaughlin confirmed the report, saying in a statement that “we will follow the president’s direction and continue to get the worst of the worst criminal illegal aliens off America’s streets.”

      The pause in the raids potentially reflects the government’s concerns about the negative impact these operations are having on vital economic sectors, as well as electoral support. The agricultural industry, particularly in states like California, relies almost exclusively on immigrant labour for its day-to-day operations.

      The recent protests in Los Angeles, which were triggered by large-scale immigration raids in local communities, have increased pressure on the government. This situation poses a dilemma for the president, who is seeking to maintain the support of key constituencies ahead of the upcoming congressional and midterm elections in 2026.

      Since returning to the White House in January, Trump has implemented an unprecedentedly heavy-handed immigration policy. His cabinet officials recently held meetings with ICE leadership, setting a minimum quota of 3,000 arrests per day, a mandate that has resulted in intensified immigration raids nationwide.

      The temporary suspension of the agriculture and hospitality raids likely does not represent a fundamental change in Trump’s immigration policy, which remains aggressive in rhetoric.

      Secretary of Homeland Security Kristi Noem pledhed that federal authorities are “not going away”, and that people who are in the country illegally, as well as violent protesters, will “face consequences”.

      The administration has relied heavily on a crime-focused message, which places significant emphasis on apprehending individuals illegally in the country who are also violent criminals.

      That message has been undercut, however, by statistics revealed this week which show the number of people arrested for immigration violations that have never faced other criminal charges or convictions has shot up from 860 in January this year to 7,800 this month.

      The number of individuals arrested with criminal charges and convictions also went up, but at a significantly lower rate of 91%. – Euronews , June 14, 2025

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      “Messe Berlin’s presence in India reflects our strategic intent to strengthen our international reach by being where the growth is. India is a key market for us — vibrant, diverse, and full of opportunities. With Messe Berlin India, we are laying down long-term foundations to build strong partnerships, support local industries, and elevate our global platforms,” said Dr. Mario Tobias, CEO, Messe Berlin.

      ITB India, inaugurated in 2023, continues as the flagship event under the new subsidiary. Held annually, ITB India is a three-day B2B travel trade show and convention that connects the global travel and tourism industry with the Indian market. Alongside MICE Show India, Travel Tech India, and the ITB India Conference, ITB India serves as a unique platform to forge new partnerships, strengthen existing ties, and capitalize on the fast-growing potential of the Indian and South Asian travel economies. The show hosts key players from the MICE, Leisure, Corporate Travel, and Travel Technology sectors. The upcoming edition, ITB India 2025, will take place from 2 – 4 September 2025  in Mumbai.

      FACTS —

      Tourism helps in:

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      World Tourism Day 2021: ‘Tourism for Inclusive Growth’

      In 2019, Travel & Tourism’s direct, indirect and induced impact accounted for:
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      -10.3% of global GDP
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