IndiGo Profit Slumps 20% on Border Conflict, Air Crash Impact
Net income in the three months ended June fell 20% to 21.8 billion rupees ($249 million), InterGlobe Aviation Ltd., the operator of IndiGo, said in an exchange filing Wednesday. That was less than the 22.62 billion rupees average of analyst estimates.
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Yahoo
3 hours ago
- Yahoo
Would You Ride in a Flying Car? This Company Could Make It a Reality (and Yes, It's Publicly Traded).
Key Points Joby Aviation has developed an aircraft that's similar to a flying car. The company appears to be close to launching its first air taxi service. Joby could have tremendous growth prospects, but investing in the stock is risky. 10 stocks we like better than Joby Aviation › The invention of the wheel and the domestication of horses revolutionized human transportation roughly 5,500 years ago. Sailing vessels were first used around the same time. Progress slowed until the steamboat was invented in 1807. Within a century, people were traveling aboard trains, planes, and automobiles. Those three modes of transportation remain the most widely used today. However, the next leap forward could be right around the corner. Would you ride in a flying car? One company could make it a reality -- and yes, it's publicly traded. Meet George Jetson? In the 1960s animated TV show The Jetsons, George Jetson flew to work every day in a flying car. Along the way, he dropped his kids, Elroy and Judy, off at school, and his wife, Jane, at a shopping center. The Jetsons was set in 2062, less than 40 years from now. However, a version of George Jetson's flying car is already soaring through the skies. JoeBen Bevirt founded Joby in 2005 to develop consumer products. He had previously co-founded robotic laboratory systems developer Velocity11 before selling it to Agilent Technologies. In 2009, Bevirt created Joby Aviation (NYSE: JOBY) to push the boundaries of aviation. By 2012, Joby Aviation was selected by NASA to work on electric flight projects. Within three years, an early prototype of the company's electric vertical take-off and landing (eVTOL) aircraft flew for the first time. In 2019, Toyota invested in Joby and assigned engineers to help the company develop manufacturing operations for its aircraft. Joby's aircraft could be aptly described as a flying car, albeit one that's different from the one seen on The Jetsons. It's powered by six electric motors that are as quiet as a mouse. One pilot and four passengers can zip through the skies at speeds up to 200 miles per hour. Joby says that flying in its aircraft "might feel more like getting into an SUV than boarding a plane." Building a business Instead of targeting individuals, Joby Aviation decided early on to go after the air taxi market. In 2019, the company partnered with Uber Technologies. That relationship deepened the following year, with Uber investing in Joby, while Joby acquired Uber's Elevate division. Joby has made significant progress toward building a full-fledged aerial ride-sharing service business. The company hopes to begin transporting its first air taxi passengers in Dubai next year. What about in the U.S.? Joby has fully completed stages one and three of the U.S. Federal Aviation Administration's (FAA) certification process. The company is 97% finished with stage two and 62% through its part of the stage four process. The primary remaining effort required is stage five -- showing and verifying the airworthiness of its fleet. When Joby is fully FAA certified, look for rapid commercialization. The company inked a deal with Delta Airlines in 2022 to provide home-to-airport transportation for Delta customers, starting in New York and Los Angeles. Delta also owns a 49% stake in Virgin Atlantic, which teamed up with Joby earlier this year to launch an air taxi service in the U.K. Is this futuristic stock a smart pick to buy? Joby Aviation's stock is sizzling hot, more than doubling so far this year. Is this futuristic stock a smart pick to buy now? Maybe. On the positive side, Joby has tremendous potential. The company seems to be getting close to the point where it can generate revenue. It also has an impressive lineup of partners, including Toyota, Uber, Delta, and Virgin Atlantic. However, Joby remains unprofitable. With no real revenue or earnings (and no reliable price-to-sales or price-to-earnings multiples), it's next to impossible to value the company with any level of confidence. Joby also faces competition from rivals pursuing the air taxi market, such as Archer Aviation, and others going after the personal eVTOL market, such as Jetson One (yes, it's named after The Jetsons). Joby Aviation is the kind of stock that could be a huge winner over the next decade -- or a big flop. However, one thing seems clear: Another major revolution in transportation could be on the horizon. Should you buy stock in Joby Aviation right now? Before you buy stock in Joby Aviation, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Joby Aviation wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Keith Speights has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Uber Technologies. The Motley Fool recommends Delta Air Lines. The Motley Fool has a disclosure policy. Would You Ride in a Flying Car? This Company Could Make It a Reality (and Yes, It's Publicly Traded). was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Times
4 hours ago
- New York Times
Why Even Basic Airline Seats Keep Getting More ‘Premium'
Basic economy once ruled the airplane. Aside from those few rows in the business class cabin, what most passengers got was a bare bones, bottom-rung experience. Now, even on budget airlines, premium seating is taking over. Wealthy leisure travelers have proven most resilient to economic turbulence. So airlines are finding new ways to profit from customers who are willing to pay for some perks. Sometimes that means turning previously included options, like a seat in the front half of the main cabin, into paid upgrades. It has also involved expanding the cabin between first class and coach, and introducing a torrent of small luxuries to justify higher fares in the not-quite-business class. For example: American Airlines introduced a Boeing 787-9 plane this summer with redesigned premium economy seats that have headrest wings for 'additional privacy,' water bottle storage, and calf and footrests. It has said it plans to expand its lie-flat and premium economy seating by 50 percent before the end of the decade. Delta expanded its premium economy service — which comes with amenities kits, meals and more legroom — to transcontinental flights last fall. Glen Hauenstein, the airline's president, said in the company's recent earnings call that it used segmentation of the main cabin (think fees for extra leg room) as 'the template that we're going to bring to all of our premium cabins over time.' United Airlines said in July that it would add more premium economy seats between business class and economy-plus seats on its wide-body jets. 'That's the cabin, I think, that is generating very good returns,' Andrew Nocella, the airline's chief commercial officer, said during the company's earnings call. Revenue growth in the premium cabin is outpacing the main cabin at all three carriers. As airlines add premium options, they have also made moves to further distinguish their top-tier tickets from other rungs. This summer, American Airlines debuted an aircraft with first-class suites that have privacy doors — a feature Delta already offered on some flights and that United will soon include in a new international business class that also comes with caviar service and designer pajamas. 'It's all about giving people more choice, more pricing options, and more products and services in every cabin,' Delta's Hauenstein said about expanding premium offerings on the earnings call. Meanwhile, basic fares are dropping. Airfares overall have decreased by 3.5 percent in the last year as inflation overall increased by 2.7 percent, according to the Department of Labor. Price drops at major airlines have caused a problem for budget airlines, which historically compete on price alone. Their response? You guessed it, also more perks. Spirit Airlines, once the largest ultra-low-cost airline in North America, emerged from bankruptcy protection this year with plans to rebrand as a premium airline. Southwest Airlines, which joined American and Delta in withdrawing its financial forecast for 2025, has created premium seats with more legroom on all flights. And even no-frills carrier Frontier Airlines is planning to debut 'first-class style' seats in late 2025. Want all of The Times? Subscribe.
CNN
5 hours ago
- CNN
The EU nearly triples entry fee for visitors, before it even starts
Sign up for Unlocking the World, CNN Travel's weekly newsletter. Get news about destinations, plus the latest in aviation, food and drink, and where to stay. In our travel roundup this week: the luxury death trap that was the world's first passenger plane, a forgotten but beautiful Bauhaus airport, and the rising cost of travel entry fees. The must-have travel accessory du jour is a big fat wallet. You likely have heard about the United States introducing a new $250 'visa integrity fee' for international visitors. The European Union has also been busy on the travel fee front, recently raising its upcoming European Travel Information and Authorization System (ETIAS) fee from 7 to 20 euros (about $23). The fee will apply to non-EU nationals from visa-free countries — so that means the US, the UK, Canada, Japan and more — and the plan is for it to be up and running by late 2026. The European Commission attributes this hefty increase to rising inflation, additional operational costs — and also to bringing it in line with other travel authorization programs, such as ESTAs in the US (with a price tag of $21) and ETAs in the UK. The UK hiked up the cost of its Electronic Travel Authorisation (ETA) in April, going from £10 to £16 (also around $21). Making a permanent move to another country proved just the change these Americans needed. Retired US veteran Christopher Boris was struggling to cope with the rising cost of living, so in 2024 he and his wife Maria Jesus moved from Maryland to Brazil. 'I could not afford the American Dream,' Boris tells CNN. 'But here, it's not about making money. It's establishing other factors, like friendships.' Janet Blaser, originally from New York, relocated from California to Mexico nearly two decades ago. As a single mother of three 'living paycheck to paycheck,' she says she always felt like she 'didn't have enough.' She started a magazine business and got herself a permanent resident visa. 'I feel like I succeeded here,' she tells CNN. 'I've given myself a wonderful life.' Nashville woman Linda Leaming was blown away by the beauty of the Kingdom of Bhutan when she visited in 1994. 'I knew I wanted to spend the rest of my life here,' she tells CNN. Three years later, she made the move, and has since found love and happiness in the Himalayas. 'Moving to Bhutan taught me to live mindfully,' she says. The de Havilland DH106 1A Comet was the world's first passenger jet. It was the height of 1950s luxury — but it was also a death trap with a fatal design flaw. Now it's been brought back to life. Read its incredible story here. Not long before the Comet took to the skies, a 20-minute flight between Hong Kong and Macao became a record-breaker in a different way. The world's first airplane hijacking took place on the Miss Macao seaplane in 1948. The goal? Rob the passengers and then hold them for ransom. Finally, aviation fans passing through Budapest would do well to squeeze in a visit to Budaörs, a beautiful but forgotten Bauhaus airport that's an aviation time capsule. It's been operating continuously since 1937, with its grassy airfield now used by hobby pilots, private planes and helicopters. China is telling its 1.4 billion people to abandon the nearly universal practice of 'stand right, walk left' on escalators. Instead, authorities are offering what they say is a safer and better alternative. Might the experiment catch on elsewhere? Watch the video and see what you think. If you're hitting the city streets, comfortable walking shoes are always a necessity. Our partners at CNN Underscored, a product reviews and recommendations guide owned by CNN, have a guide to the best, according to podiatrists and shoe experts. It's not just countries imposing new fees for entry. Fed-up Italian farmers have set up mountain turnstiles to charge access to Instagram hot spots. This former Soviet state is one of the world's most isolated countries. Now it's showing signs it's ready for more tourists. The new nudity. Read our 21st-century guide to taking off your clothes. Swim to work? See how Swiss residents switch up their commute.
