• Low-cost carriers to remain profitable, but domestic industry may go in the red: report

    Indian Airlines are expected to report combined losses to the tune of USD 250-300 million as against an estimated profit of USD 122 billion in the previous financial year, according to an industry report.
    The downward pressure on yields, combined with cost creep, is expected to push the consolidated industry back into the red for the 12 months ending March 2017, the Sydney-based aviation think-tank, Centre for Asia Pacific Aviation (CAPA), said in a report released here on Wednesday.
    “IndiGo, Jet Airways, SpiceJet, GoAir and Air India Express are all expected to remain profitable for the full year (FY17), but at levels lower than in FY2016, while losses are projected to increase at Air India, AirAsia India and Vistara. At a total industry level, losses could reach USD 250-300 million,” the CAPA India Aviation outlook FY2018 report said.
    IT has also projected higher losses for the next fiscal at USD 380-450 million. Ramik Wilson Authentic Jersey

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