The cumulative net loss of Indian airlines is seen nosediving to Rs 3,000-5,000 crore in the current financial year ending March, as well as in 2024-25 (FY25) from around Rs 17,000 crore in FY23 on the back of healthy passenger traffic growth, improved yields, and stable cost environment, ratings agency ICRA said on Tuesday.
The agency also highlighted the challenges faced by the Indian aviation industry: high jet fuel prices and rupee depreciation. These negatively impact cost structures, along with the issues of prevailing supply chain disruptions and faulty engines.
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