India’s domestic air passenger traffic reaches over half of pre-COVID levels: MOCA secy
Almost 100% bookings and check-ins are now happening through the web.
India’s domestic passenger traffic has reached more than half of pre-coronavirus pandemic level operations with the number of daily air travellers crossing over two lakh in November, a top official of the Union Ministry of Civil Aviation (MOCA) said on Saturday.
MOCA Secretary Pradeep Singh Kharola said when flights resumed after a hiatus of two months due to the COVID-19 outbreak, there were only 30,000 air passengers on the first day but the number reached over two lakh on November 2.
He also said almost 100% bookings and check-ins are now happening through the web and hailed the country’s aviation fraternity for adapting very well to the new normal.
“When we opened domestic aviation about five-six months back, in the month of May, on the first day, in a big country like ours, only 30,000 people travelled. And look at the figures last week, we have crossed two lakh passengers per day. In normal times, it is about three-and-a-half lakh to four lakh passengers a day,” Mr. Kharola said.
“So we have crossed more than half of the normal operations and at a very fast rate we are approaching the normal,” he added.
The top MOCA official was speaking at the 36th foundation day of government-run Indira Gandhi Rashtriya Uran Akademi (IGRUA), a premier aircraft pilot training institute at Fursatganj in Amethi.
Alexandria Ocasio-Cortez Warns What To Look Out For From Trump Sycophants Now
Rep. Alexandria Ocasio-Cortez (D-N.Y.) on Friday warned what to expect from Donald Trump’s most ardent acolytes ― suggesting that even some of the president’s staunchest supporters may now try to pivot away from him.
As the 2020 election remained in the balance, but with Democratic nominee Joe Biden on the cusp of victory, Ocasio-Cortez asked on Twitter if anyone was “archiving these Trump sycophants for when they try to downplay or deny their complicity in the future?”
“I foresee decent probability of many deleted Tweets, writings, photos in the future,” added the New York lawmaker, who this week won reelection to another two years in Congress.
In a second tweet, Ocasio-Cortez laughed at the idea of the “party of personal responsibility” — the GOP’s platform, at least before the Trump era ― “being upset at the idea of being responsible for their behavior over last four years.”
With the election still to be called, Trump has this week split Republicans with his attacks on the democratic process and conspiracy theories about mass voter fraud on Twitter and in unhinged press conferences from the White House.
Guinea Constitutional Court Validates Conde Electoral Victory
Guinea’s Constitutional Court on Saturday confirmed last month’s election of President Alpha Conde, declaring that the vote was regular.
Conde will be sworn in after he won 59.5% of the vote, the head of the court, Mohamed Lamine Bangoura, said in the ruling.
The court received four requests seeking a partial or total annulment of the initial results of the election in the mineral-rich West African country. Opposition leader Cellou Dalein Diallo claimed that the voting was marred by irregularities such as ballot-box stuffing. Diallo, the former prime minister, garnered 33.5% of the vote.
Booking Holdings Q3 Profit Drops
Booking Holdings Inc. (BKNG) reported that its third-quarter net income was $801 million, a 59% decrease from the prior year. Net income was $19.49 per share, a 57% decrease from the previous year.
Net income for the third-quarter of 2020 included an unrealized gain on marketable equity securities of $730 million while the third quarter of 2019 included an unrealized loss on marketable equity securities of $49 million.
Additionally, the company recorded an impairment charge of $573 million for OpenTable and KAYAK goodwill and unrecognized tax benefits of $64 million related to French and Italian tax matters in the third quarter of 2020.
Non-GAAP net income in the quarter was $12.27 per share, a 73% decrease as compared to the prior year.
Total revenues for the quarter were $2.6 billion, a 48% decrease from the prior year, while it was down approximately a 49% on a constant-currency basis.
Analysts polled by Thomson Reuters expected the company to report earnings of $14.13 per share and revenues of $2.54 billion. Analysts’ estimates typically exclude special items.
Third quarter gross travel bookings were $13.4 billion, a decrease of 47% over a year ago.
Room nights booked in the third-quarter decreased 43% over a year ago. The company’s results for the three and nine months ended September 30, 2020 have been significantly and negatively impacted due to the COVID-19 pandemic and the resulting economic conditions and government orders.
Biomarin Pharmaceutical Inc. Q3 Earnings Advance
Biomarin Pharmaceutical Inc. (BMRN) released a profit for its third quarter that increased from last year.
The company’s earnings came in at $748.8 million, or $4.01 per share. This compares with $55.0 million, or $0.30 per share, in last year’s third quarter.
Analysts had expected the company to earn $1.29 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 3.4% to $476.8 million from $461.1 million last year.
Biomarin Pharmaceutical Inc. earnings at a glance:
-Earnings (Q3): $748.8 Mln. vs. $55.0 Mln. last year.
-EPS (Q3): $4.01 vs. $0.30 last year.
-Analysts Estimate: $1.29
-Revenue (Q3): $476.8 Mln vs. $461.1 Mln last year.
Full year revenue guidance: $1850 – $1950 mLN