All these carriers have been majorly hit by two cost components - aviation turbine fuel (ATF) costs and currency fluctuations.

Apple appoints Nokia's Ashish Chowdhary to lead India operations; Rupee rises to 72 level against dollar as crude oil price nears $65 per barrel; Binny Bansal quits Flipkart over personal misconduct allegations; Twitter CEO Jack Dorsey meets PM Modi; Govt masterstroke! 14 mega employment zones expected to create 10 million jobs. Watch more in this episode of Business Wrap.

Oil prices were seen climbing to $100 per barrel when sanctions on Iran's oil and gas sector came into effect on November 5. But prices have reversed direction during the last 12 straight days.

Apple appoints Nokia's Ashish Chowdhary to lead India operationsApple has appointed Nokia's Chief Customer Operations Officer (CCOO) Ashish Chowdhary as operation head for India to oversee the sales function. Chowdhary had joined Nokia in 2003 and will take responsibilities in Apple from January 2019. Apple CEO Tim Cook had recently said how the company has a \"long-term focus on the market\" in India. Chowdhary, replacing the company's current India operations head Michel Coulomb could be a ...

Brent crude, used to price international oils, dropped 30 percent to $65.17 a barrel. Oil has now fallen for 12 straight days, driven by worries over rising oil production around the world and weakening demand from developing countries, with expectations for increased supply from the US and OPEC.

On Monday, the airline reported its third consecutive quarterly loss at Rs 1,261 crore in three months to September.

Ruchit Jain, Technical Analyst at Angel Broking, takes viewers through all the market action today. The equity benchmark Sensex Tuesday recouped nearly 332 points following robust buying in energy, infra and banking stocks amid easing crude oil prices and strong recovery in the rupee. Similarly, the broader NSE Nifty jumped over 100 points to cross the key 10,500 level.

Jet Airways reports third consecutive quarterly loss of Rs 1,261 crore on higher fuel, steep rupee; TRAI discusses if WhatsApp, Skype, Viber should be under regulatory regime; Marvel Comics' Stan Lee, creator of Iron Man, Spider-Man, Hulk, dies at 95; Xiaomi sells over 8.5 mn devices during festive sales. Watch more in this episode of Business Wrap.

Apple has appointed Nokia's Chief Customer Operations Officer (CCOO) Ashish Chowdhary as operation head for India to oversee the sales function.

Brent crude prices were trading at $68.15 per barrel, down 2.08% from their previous close. Benchmark US crude fell 78 cents to $59.15 per barrel in electronic trading on the New York Mercantile Exchange. The contract sank 26 cents on Monday to $59.93.

However, most Asian markets ended lower after a rout in tech stocks, tracking a hefty sell-off on Wall Street, while the dollar hit a 16-month peak on safe haven bets amid China-US trade war worries.

The number of Indian visitors travelling to the Gulf Cooperation Council nations over the coming five years will create an extra 10.8 million room nights.