NEW DELHI: Budget carrier IndiGo has roped in former United Airlines executive Cindy Szadokierski as a consultant for its airport operations. Szadokierski would be the third executive from United Airlines to be on board with IndiGo after Greg Taylor and Rohit Philip in the recent past. One of the promoters of InterGlobe Aviation -- the parent of IndiGo -- Rakesh Gangwal has also served at United Airlines. Sources said Szadokierski has been roped in by IndiGo as a consultant for airport operations.
In its weekly views and valuations, Deutsche Bank has expressed its concerns about the weakening of major currencies against the US dollar, and its negative impact on the US airline industry. The sell-side research firm suggested the strengthening UD dollar would weigh more on Passenger Revenue per Available Seat Mile (PRASM) than Revenue per Available Seat Mile (RASM), of the US air carriers abroad.
Diageo plc (ADR) (DEO) announced today that it is offering to increase its stake in Indian spirits-maker United Spirits Ltd., for around $1.9 billion. The world’s largest spirits company, which markets brands such a Johnnie Walker whiskey and Smirnoff vodka, said that it would pay 3,030 rupees ($50) a share for an additional 26% stake in United Spirits.
United Airlines reported strong first-quarter earnings Monday but airline executives said the carrier still needs to focus on improving customer service following the forcible removal of a passenger who refused to give up his seat. Oscar Munoz, chief executive of United Airlines, used the upbeat...
By Zacks Investment Research:
United Rentals, Inc. (URI) seems to be well positioned to benefit from improving U.S. construction activities. Plus, an expansion in the rental market will definitely help the growth prospects of the stock.