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Indian airlines likely to prune losses to Rs 3,000-5,000 cr this fiscal: ICRA
![IndiaTimes]()
Tuesday, 19 December 2023
Indian airline industry expects to reduce net losses in FY2023 to Rs 3,000-5,000 crore from an estimated Rs 17,000-17,500 crore. ICRA predicts domestic air passenger traffic to grow by 8-13% in FY2024 and FY2025. The industry's net loss is projected to shrink to Rs 30-50 billion in FY2024 and FY2025. Air passenger traffic in FY2023 surpassed pre-Covid levels, and international passenger traffic is expected to cross peak levels of FY2019. Indian carriers have growth potential in international traffic, but monitoring fuel prices and exchange rates is crucial for cost structure.
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Tuesday, 19 December 2023
