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Airline stocks crater after Delta issues slightly lower revenue growth outlook

Friday, January 4, 2019, 7:38 AM

Shares of U.S. airlines tumbled Thursday after Delta Air Lines forecast slightly lower revenue growth, following downbeat sales projections from iPhone-maker Apple that stoked concerns of global slowdown. Delta shares fell nearly 9 percent, their steepest percentage decline in more than six years, to close at $45.61. American Airlines shed more than 7 percent, recovering slightly after hitting its lowest price since July 2016.
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IndiGo CEO-designate Gregory Taylor may be on his way out

Wednesday, December 12, 2018, 8:05 AM

Gregory Taylor, the CEO-designate at IndiGo Airlines, may be on his way out, three people aware of the development told FE. The move dovetails with the appointment of Ronojoy Dutta, an industry veteran as a principal consultant earlier this month to develop a five-year business plan for the aggressively growing budget carrier. "They don't see eye-to-eye of late", an industry executive said.
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Government reviewing IndiGo, SpiceJet web check-in fee for seats after complaints

Monday, November 26, 2018, 7:46 PM

The Ministry of Civil Aviation is reviewing IndiGo and SpiceJet's new policy to introduce a charge for passengers who check-in over the internet. The ministry tweeted that it had noted that the airlines are now charging for web check-in for all seats. "We are reviewing these fees to see whether they fall within the unbundled pricing framework," the ministry tweeted.

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