Latest news with #India-Pak
Hindustan Times
12 hours ago
- Business
- Hindustan Times
Air passengers in India likely to decline post-Air India plane crash: Report
Post recovery of Air passengers in May 2025 after the cessation of India-Pak hostilities, a report by ICICI Securities says the aviation ministry passenger travel data number indicates further decline in June. "As per daily data reported by MoCA, average daily passengers had seen a decline in May'25 following the geopolitical conflict. However, post-declaration of ceasefire, domestic air travel had returned to normalcy. Average daily passengers again declined post the unfortunate Air India accident on 12 Jun'25," the ICICI Securities report noted. According to the report the average daily passengers in April this year was at 490K, however, a decline was witnessed in May 2025 due to India-Pakistan geopolitical conflict. However, Average daily pax returned to 490l before 12 Jun'25 (before Air India incident), post which it has declined to 460k again. On the international travel side, international air travel has experienced a setback since May 2025, weighed down by geopolitical issues like the India-Pakistan conflict. Recently, Air India has reduced its international services on wide-body aircraft by 15 per cent for the next few weeks. The decision comes after the tragic loss of 241 lives on board Air India-171 flight, which crashed in Ahmedabad. "Air India cancelled 83 wide-body operations between 12 and 17 Jun'25. As per daily data reported by MoCA, average daily international passengers have declined from 118k in Apr'25 to 113k in May'25 and 102k in Jun'25," adds the report. However, ICICI securities believes that the weakness in Aviation Turbine Fuel (ATF) price could offset the weakness seen in passenger demand in May/Jun' prices have experienced weakness as average ATF prices declined 8.2 per cent in Q1FY26 to ₹86k/KL vs. ₹94k/KL in Q4FY25. But now, because of the recent geopolitical crisis, crude oil prices are going up, which can change the dynamics for the airline sector. "On the backdrop of the current geopolitical scenario, crude oil prices have increased approx. 20 per cent since the start of Jun'25 to USD 77/bbl., as on19 Jun'25. This surge in prices may pose a threat to earnings in the seasonally weak Q2 ahead," the report said.
India Gazette
14 hours ago
- Business
- India Gazette
Air passengers in India likely to decline in June, after tragic Air India incident: Report
New Delhi [India], June 20 (ANI): Post recovery of Air passengers in May 2025 after the cessation of India-Pak hostilities, a report by ICICI Securities says the aviation ministry passenger travel data number indicates further decline in June. 'As per daily data reported by MoCA, average daily passengers had seen a decline in May'25 following the geopolitical conflict. However, post-declaration of ceasefire, domestic air travel had returned to normalcy. Average daily passengers again declined post the unfortunate Air India accident on 12 Jun'25,' the ICICI Securities report to the report the average daily passengers in April this year was at 490K, however, a decline was witnessed in May 2025 due to India-Pakistan geopolitical conflict. However, Average daily pax returned to 490l before 12 Jun'25 (before Air India incident), post which it has declined to 460k the international travel side, international air travel has experienced a setback since May 2025, weighed down by geopolitical issues like the India-Pakistan Air India has reduced its international services on wide-body aircraft by 15 per cent for the next few weeks. The decision comes after the tragic loss of 241 lives on board Air India-171 flight, which crashed in Ahmedabad. 'Air India cancelled 83 wide-body operations between 12 and 17 Jun'25. As per daily data reported by MoCA, average daily international passengers have declined from 118k in Apr'25 to 113k in May'25 and 102k in Jun'25,' adds the ICICI securities believes that the weakness in Aviation Turbine Fuel (ATF) price could offset the weakness seen in passenger demand in May/Jun' prices have experienced weakness as average ATF prices declined 8.2 per cent on a QoQ basis in Q1FY26 to Rs 86k/KL vs. Rs 94k/KL in Q4FY25. But now, because of the recent geopolitical crisis, crude oil prices are going up, which can change the dynamics for the airline sector. 'On the backdrop of the current geopolitical scenario, crude oil prices have increased approx. 20 per cent since the start of Jun'25 to USD 77/bbl., as on19 Jun'25. This surge in prices may pose a threat to earnings in the seasonally weak Q2 ahead,' the report said. (ANI)
NDTV
a day ago
- Business
- NDTV
It Is The Best Of Times, It Is The Worst Of Times, For Pakistan
Pakistan Field Marshal Asim Munir's June 18 White House lunch hosted by US President Donald Trump offered plenty of hors d'oeuvres that we Indians need to munch and digest at leisure. The visiting Pakistani dignitary is also scheduled to meet the Secretaries of State and Defence before concluding his five-day visit, which has been shrouded in secrecy and frequent redefinition of its agenda and objectives. He was first said to be invited to attend the US Army's 250th anniversary, which he did not eventually attend. Chances are that its real agenda is to set the terms of engagement to enable Pakistan to resume, all over again, America's usual 'Dirty Work', albeit this time for a new objective: affecting a regime change in neighbouring Iran. Last-minute offer of an unprecedented White House lunch and the host's expression of effusive love for Pakistan and its Field Marshal are tell-tale signs that the two sides have agreed to pursue a comprehensive joint strategy on Iran, deemed important enough in Washington to risk riling New Delhi, at least in the short run. A Strange Turn Over the past two months, there have been many other straws in the air indicating the tailwinds for America's ties with Pakistan. While Trump and his team condemned the Pahalgam terrorist attack of April 22, they were deafeningly silent on Pakistan's culpability. While US Vice President JD Vance said on May 8 that the ongoing India-Pak hostilities were 'none of our business', two days later, Trump peremptorily took credit for effecting a ceasefire between the belligerents 'at the verge of a nuclear war' (he has repeated this claim despite India's stubborn denials). Meanwhile, Secretary of State Marco Rubio spoke to Gen Munir, the Chief of the Pakistani armed forces, ostensibly to discuss the ceasefire. A billion-dollar IMF (International Monetary Fund) bailout package for Pakistan was approved within hours of the May 10 ceasefire, ignoring New Delhi's strong reservations. In his June 10 House Committee testimony, the US Centcom Chief described Pakistan as 'a phenomenal partner' in counter-terrorism. While many of these American pronouncements were accompanied by balancing remarks for India and Prime Minister Narendra Modi, these only show a reversion to the India-Pakistan re-hyphenation. What's Behind These Words? It does not take a genius to guess the broad likely contours of the deal are being stealthily negotiated (while pretending that the Field Marshal was miffed at being forced to cool his heels in a hotel) before the White House lunch. Trump's White House is currently fixated on Iran. Pakistan, with a 909-km-long border with that country, is most probably being offered an opportunity to become a 'Frontline State' in return for the usual handsome rewards. For economically tattered and politically unstable Pakistan, this gratuitous offer is manna from heaven that it is in no condition to refuse. The ever-guileful Islamabad, however, is certain to drive a hard bargain: a long-term strategic partnership placing Islamabad near the fulcrum of the post-crisis Gulf security architecture with accompanying financial, military bailout and re-hyphenation with India. In return, Pakistan would be expected to render help in reshaping Iran in several ways: in the short term, to provide a staging post for the American forces to operate in Iran to defang the latter's nuclear programme, and, over the long run, depending on the outcome of the Tehran regime change project, collaborate by seeding and sustaining an insurrection and/or keeping the Mullah regime off balance. Pakistan's staging role would be preferable to both Washington and the Gulf Arabs, who although host many American military bases, are loath to be subject to Iran's threatened wrath. Not The First Time Indeed, Rawalpindi GHQ has been the Pentagon's useful and profitable minion many times before. During the Cold War, military-run Pakistan was among the early opt-ins as a lynchpin to South West Asia's Western security architecture through SEATO (Southeast Asia Treaty Organization) and CENTO (Central Treaty Organization) against Communism. Islamabad was rewarded with Patton Tanks and Sabre jets, which were unabashedly used against India in the 1965 and 1971 conflicts. Entry of the Soviet Union's Red Army into Afghanistan in 1979 was the second such opportunity, which made Pakistan a 'Front Line State' for the West. Gen Zia ul Haq's dictatorship, then an international pariah for the execution of Prime Minister Benazir Bhutto, was quickly rehabilitated and made a staging post for a not-so-secret campaign by the US and some Gulf states to train and equip the Mujahideen fighters to bleed the invaders till the Russians finally withdrew in 1989. Pakistan not only milked the aid pipeline but also got F-16s and other military hardware. Even more importantly, Americans turned a blind eye to its covert nuclear weapon programme under the infamous Dr AQ Khan, as Islamabad was deemed too important an ally to worry about such trifling matters as nuclear proliferation to Libya, Iran and North Korea. The Afghanistan Saga Once the Mujahideen took over Afghanistan in 1992, the US quickly lost interest in Pakistan, much to the latter's chagrin. But soon thereafter, September 11 happened, giving Islamabad a third such opportunity to help the Pentagon stage an invasion to dislodge the same Islamic militants it helped bring to power less than a decade ago. Americans rediscovered, at their peril, the Pakistani duplicity in helping them but also nurturing Afghanistan-based 'Taliban', al-Qaeda and other jihadists. This epoch lasted two decades, during which, once again, Pakistan was the base as well as a conduit for the massive US deployments in Afghanistan. By this time, Pakistanis had mastered the art of being perfidiously transactional towards Americans. Their gains during two decades of US involvement in Afghanistan are put at nearly $50 billion. Islamabad pretended to support the American campaign against the Afghan Taliban but also secretly sustained the latter, to eventually gleefully claim a victory when the Taliban Emirate was re-established in Afghanistan in August 2022 as the US troops left the country. The US spent over $2.3 trillion and suffered over 2,400 dead soldiers while chasing al-Qaeda all over the country, when all the while, its supremo, Osama bin Laden, was holed up in a safe house near a large Pakistani cantonment apparently under ISI protection, until the US special forces got him in 2011. 'Project Iran' Isn't Easy The proposed Iran project faces considerable odds. Firstly, the six-day-old Israeli Operation, 'Rising Lions', aimed at obliterating Iran's nuclear and missile capabilities, is not yet in its decisive stage, and despite staggering losses, the Islamic Republic, a system with staying power, is still standing and retaliating against Israel, whose capacity to wage a protracted war of attrition against a country ten times more populous over a thousand kilometres away is not infinite. Secondly, Iran is ten times more populous to be a scaled-up model of the past US-Pakistani schemes for Afghanistan. Thirdly, the Shia-majority Iran is socially very different from the Sunni-majority Pakistan to allow a natural soft landing. Pakistan becoming an American cat's paw could even unravel the former's delicate Shia-Sunni divisions. Relevant to note that Shia constitute around 15% of Pakistan's population and are sympathetic to Iran's Islamic Revolution. Socially, too, the sparsely populated common border is restive with mutual insurgencies: from the Balochistan Liberation Army in Pakistan to Jaish al-Adl, Sunni militants trying to secede from Iran. Their activities could complicate any calculus. Further, unlike Afghanistan, Iran is not a landlocked country dependent on access to the sea via Pakistan. A Bit Awkward For Both Trump And Pakistan Last, but not least, there is hardly any ethnic or political love lost between Iranians and Pakistanis. Historically, Iranians have mostly looked westwards, and the contacts with the East have been few and far between. The total bilateral trade in 2024 was estimated to be only $2.4 billion. Moreover, on several occasions in the past, Pakistan sought to mediate in Iran's disputes with the West and the Gulf Arab states. But nothing came out of these gratuitous efforts, mainly because the Tehran power elite suspected glib-talking Pakistanis of being insincere and biased. A case in point was earlier this week, when an Iranian General cited Pakistani assurance to nuke Israel in case it used nuclear weapons against Iran, only to have the Pakistani defence minister flatly deny the same. Rawalpindi GHQ's alacrity for working for the American regional agenda in past has had blowbacks for Pakistan's internal fabric, such as instability and insecurity due to illegal immigration, terrorism, gunrunning, rentier economy, and the army's political dominance to the detriment of democracy. The proposed collaboration on the Iran project this time is likely to invoke even more daunting specifics. Firstly, while Pakistan has always lived by its wits, this time, it faces the unpredictable, transactionalist Donald Trump, a dealmaker with a penchant for sudden surprises (ask Zelensky). Secondly, while anti-Communism and the Afghanistan conundrum had a national consensus in Pakistan, alignment against Iran can be very different, as it has the potential to split the society. In the same vein, an open collaboration with Israel and the US running amok against Iran is unlikely to make Islamabad popular in the Islamic Ummah. Thirdly, Pakistan's lurch from China to the US may lack elegance and credibility. There would be blowbacks for the Trump presidency, too, from a direct invasion of Iran with Pakistani connivance, such as a loss of credibility about 'not starting endless wars abroad', alienation of the over 5 million-strong Indian diaspora in the country, and loss of political synergy built with India. What Does India Need? A Nimbler Diplomacy What are the important takeaways for India from this slippery saga? Firstly, it attests to the correctness of our quest for 'strategic autonomy' in the long run. Secondly, it exposes our naivety in putting inordinate faith in the Trump presidency, which has adopted a cynical 'run-with-the-hare-and-hunt-with-the-hounds' geopolitical approach anchored to short-term transactions and permanent narcissism. While we may not be a direct victim of Trumpian vicissitudes on China, Pakistan, Iran sanctions, or Ukraine, we suffer considerable collateral damage and have shown the right stiff upper lip needed to manage his whims. It also calls for a reassessment of our strategic options in a notoriously dynamic world where predictive diplomacy is needed abroad instead of harping on age-old shared values. While there is no need to be as unprincipled as Pakistan, our diplomacy needs to be nimbler and less abrasive or prescriptive. We also need to consider the wisdom of the old Americanism: 'You fool me once, shame on you; You fool me again, shame on me.'
Hindustan Times
2 days ago
- Politics
- Hindustan Times
Donald Trump asked if US will launch attack on Iran? His reply to journalist
US President Donald Trump on Wednesday said he 'may or may not' order a strike by American armed forces on Iran. While interacting with reporters in the White House, Donald Trump claimed that Iran has a lot of troubles and wants to negotiate. Follow LIVE updates. 'I may do it (strikes), I may not do it, nobody knows what I'm going to do. I can tell you that Iran has a lot of troubles and they want to negotiate. Why didn't they negotiate with me 2 weeks ago?...' Trump also added that it's not 'too late' for Iran to give up its nuclear program and warned that next week is going to be 'very big'. 'Nothing's too late,' Trump said. 'I can tell you this. Iran's got a lot of trouble. Nothing is finished until it is finished,' Trump said while adding that 'the next week is going to be very big— maybe less than a week." Also Read | Donald Trump repeats stopping India-Pak conflict claim: 'I love Pakistan, Modi a fantastic man' He also replied to Iran's supreme leader, Ayatollah Ali Khamenei, who refused to respond to his demand for an unconditional surrender from Iran. 'Iran is in ruins…Good luck if they don't surrender," Trump said. Earlier in the day, Khamenei had warned that any United States strikes targeting the Islamic Republic will 'result in irreparable damage for them' and that his country would not bow to Trump's call for surrender. Also Read | Donald Trump says 'Iran is in ruins', wishes 'good luck' if Ayatollah Ali Khamenei 'doesn't surrender' "This nation will never surrender," Khamenei said in a speech, in which he called Trump's ultimatum "unacceptable". "America should know that any military intervention will undoubtedly result in irreparable damage," he said. On Tuesday, Trump had said that US knows where Khamenei is hiding but doesn't want him killed — 'for now.' 'He is an easy target, but is safe there - We are not going to take him out (kill!), at least not for now," Trump said.
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Business Standard
2 days ago
- Politics
- Business Standard
'I stopped the war': Trump claims, yet again, he halted India-Pak conflict
Describing Modi as a "fantastic man", Trump said, "Well, I stopped the war. I love Pakistan. I think Modi is a fantastic man. We're going to make a trade deal with Modi of India" New Delhi United States President Donald Trump on Wednesday repeated his claim that he stopped the recent conflict between India and Pakistan. His statement comes hours after his phone conversation with Prime Minister Narendra Modi. Describing Modi as a 'fantastic man', Trump said, 'Well, I stopped the war. I love Pakistan. I think Modi is a fantastic man. I spoke to him last night. We're going to make a trade deal with Modi of India. But I stopped the war between Pakistan and India.' #WATCH | On being asked about his meeting with Pakistani Army Chief Asim Munir, US President Donald Trump says, "I stopped the war. I love Pakistan. I think Modi is a fantastic man. I spoke to him last night. We are going to make a trade deal with PM Modi. I stopped the war… — ANI (@ANI) June 18, 2025 Trump's renewed claim comes just hours after India's Foreign Secretary Vikram Misri stated that Prime Minister Modi had told Trump that India does not, and will never, accept mediation on the issue of Pakistan. 'Prime Minister Modi clearly conveyed to President Trump that at no point during this entire sequence of events was there any discussion, at any level, on an India–US trade deal, or any proposal for a mediation by the US between India and Pakistan,' Misri said. 'The discussion to cease military action took place directly between India and Pakistan through the existing channels of communication between the two armed forces, and it was initiated at Pakistan's request. Prime Minister Modi firmly stated that India does not and will never accept mediation,' he added. Trump has repeatedly claimed that he played a role in easing tensions between India and Pakistan. He has said he told the two nuclear-armed neighbours that the US would engage in substantial trade with them if they ended the conflict. However, the same has been categorically denied by India's Ministry of External Affairs. The India-Pak conflict Tensions escalated between India and Pakistan after the Pahalgam attack in April, which claimed the lives of 26 people. In a retaliatory measure, India launched 'Operation Sindoor' in the early hours of 7 May, targeting nine terrorist training sites in Pakistan and Pakistan-occupied Jammu & Kashmir. After the Indian armed forces launched precision strikes, Pakistan resorted to heavy artillery firing across the border areas along the Line of Control (LoC), forcing India to strike Pakistani military assets. After four days of drone and missile exchanges, both India and Pakistan, on 10 May, agreed to an 'understanding to stop all firing and military actions'.
