Aviation firms may suffer losses of up to $3.6 bn: CAPA
4 years, 9 months ago

Aviation firms may suffer losses of up to $3.6 bn: CAPA

The Hindu  

Indian aviation companies, including airlines, airport operators and related services, are estimated to incur a loss of $3.3 billion to $3.6 billion in the April to June 2020 quarter on account of COVID-19 spread in India and the resultant lockdown, aviation consulting firm CAPA Advisory has said. “India’s airline system is certainly not prepared for such a severe systemic shock, and this will have an impact on the entire aviation value chain, including airport operators, duty free, retail, food and beverage, and other airport concessionaires; ground handlers; MROs, inflight catering companies, not to mention travel distribution,” said Kapil Kaul, CEO and Director, CAPA Advisory. “India’s aviation sector could incur losses of $3.3-3.6 billion in Q1 of FY2021,” CAPA said, adding that this preliminary estimate assumes that all domestic and international operations remain grounded till June 30, 2020. “The shutdown of aviation until at least April 15 means that Q1 of FY2021 is looking increasingly like a washout,” CAPA Advisory said in a report.

India Aviation Capa Capa Advisory  incur  sector  bn  billion  fy2021  india  airport  capa  loss  suffer  firms  losses  aviation  quarter  36

History of this topic

Indian airports to profit more and airlines to lose more this year: CAPA
7 months ago

Indian airports to profit more and airlines to lose more this year: CAPA

Hindustan Times  

Profits of Indian airports are expected to grow by 35% due to strong demand, according to aviation advisory and research firm CAPA. Passengers stand at the ticket counter of Indigo Airlines at the airport on the outskirts of Agartala, capital of India's northeastern state of Tripura, The airport industry's pre-tax profit will rise to Rs.10,370 crore, up about 35% from …

Aviation industry to bring down net loss to Rs 3-5k cr from Rs 17k cr
1 year, 2 months ago

Aviation industry to bring down net loss to Rs 3-5k cr from Rs 17k cr

Deccan Chronicle  

Chennai: The Indian aviation industry’s net loss is expected to come down to Rs 3000 to Rs 5000 crore in FY24, down from Rs 17,000 crore in FY23. Airline companies are expected to report an aggregate net loss of Rs 3000 crore to Rs 5000 crore in the current fiscal due to improved pricing power and yields. The domestic passenger …

Global airline industry sees $201bn in COVID-related losses
3 years, 3 months ago

Global airline industry sees $201bn in COVID-related losses

Al Jazeera  

The combined $201bn in net losses over the pandemic-blighted period eclipses close to nine years of industry earnings, according to the International Air Transport Association. Airline losses from the coronavirus pandemic are set to surpass $200 billion as travel curbs weigh on corporate and long-haul demand well into 2022, according to the industry’s main lobby. Carriers are poised to post …

Indian aviation industry may incur losses worth ₹26,000 crore in FY22: Report
3 years, 4 months ago

Indian aviation industry may incur losses worth ₹26,000 crore in FY22: Report

The Hindu  

Pandemic-hit Indian aviation industry is expected to report a net loss of ₹25,000-26,000 crore while its debt level may increase to ₹1.2 lakh crore in the ongoing fiscal year, credit ratings agency ICRA said on Tuesday. The aviation industry is expected to witness a strong year-on-year growth of 45-50% in domestic air passenger traffic and80-85% in international air passenger traffic …

Indian airports report loss of ₹70 billion in FY2020: aviation consultancy
3 years, 5 months ago

Indian airports report loss of ₹70 billion in FY2020: aviation consultancy

The Hindu  

Indian airport operators are estimated to have posted a consolidated loss, before tax, of ₹70 billion in FY2021 compared with a profit of ₹51.6 billion in FY2020, according to aviation consultancy CAPA. The combined operating revenue of Indian airports declined by an estimated 64.1% to ₹83.1 billion in FY2021. However, as most airport expenses are fixed, Indian airports saw their …

Good News! India exits recession with 0.4% GDP growth in FY21 Q3
3 years, 10 months ago

Good News! India exits recession with 0.4% GDP growth in FY21 Q3

India TV News  

India has officially exited the technical recession phase that was brought about by the Covid-19 pandemic, as the country's Q3FY21 GDP grew by 0.4 per cent, official data showed on Friday. The National Statistical Office data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by 7.3 per cent from 24.4 per cent in the preceding quarter. …

Civil aviation revenues down 85%, 18,000 jobs lost
4 years, 3 months ago

Civil aviation revenues down 85%, 18,000 jobs lost

Deccan Chronicle  

Chennai: Revenues in the civil aviation sector have dropped by 85 per cent since the coronavirus lockdown. As per the data from the Ministry of Civil Aviation, domestic traffic fell close to 80 per cent from 5.85 crore during March-July 2019 to 1.20 crore in March-July 2020. International traffic too reduced 87 per cent from 93.45 lakh to 11.55 lakh …

Air India's Net Loss Stands at Around Rs 2,570 Crore in First Quarter of 2020-21: Puri
4 years, 3 months ago

Air India's Net Loss Stands at Around Rs 2,570 Crore in First Quarter of 2020-21: Puri

News 18  

Air India has incurred a net loss of about Rs 2,570 crore in the first quarter of 2020-21 as compared to a net loss of Rs 785 crore sustained in the corresponding period a year ago, Civil Aviation Minister Hardeep Singh Puri said on Thursday. "The net loss in quarter 1 of FY20-21 is about Rs 2,570 crore as compared …

Revenues of Indian airlines fell by over 85% in April-June period: Hardeep Singh Puri
4 years, 3 months ago

Revenues of Indian airlines fell by over 85% in April-June period: Hardeep Singh Puri

India Today  

The revenue of Indian airlines fell by over 85 per cent to Rs 3,651 crore during the first quarter of FY21 due to the severe disruption caused by the Covid-19 pandemic. Civil Aviation Minister Hardeep Singh Puri on Wednesday stated in a written reply in Rajya Sabha that Indian airlines suffered a 85.7 per cent revenue loss in comparison to …

Global Aviation Industry Need At Least $5 Billion Capital to Stay Afloat Amid Covid-19 Chaos: CAPA
4 years, 4 months ago

Global Aviation Industry Need At Least $5 Billion Capital to Stay Afloat Amid Covid-19 Chaos: CAPA

News 18  

Coronavirus-hit domestic aviation industry requires a capital infusion of around USD 5 billion to keep it afloat as expected consolidated industry losses may stand at USD 6-6.5 billion this fiscal, an aviation consultancy and advisory firm has said. According to it, the consolidated industry losses are likely to stand at around USD 6-6.5 billion in FY2021, excluding airport concessionaires and …

Clear Strategy Needed to Deal With Disruption Faced by Aviation Sector Due to Covid-19 Crisis: CAPA
4 years, 5 months ago

Clear Strategy Needed to Deal With Disruption Faced by Aviation Sector Due to Covid-19 Crisis: CAPA

News 18  

Aviation consultancy CAPA on Monday called for a "clear strategy" to deal with the turbulence that the domestic airline industry has been navigating in due to the coronavirus pandemic in the wake of demand slump and travel restrictions coupled with "regulatory challenges". In a series of tweets, CAPA India also said the viability of the Indian aviation industry will be …

Indigo's 10% job cuts heralds a bumpy ride
4 years, 5 months ago

Indigo's 10% job cuts heralds a bumpy ride

India Today  

The worst fears are coming true for staff in India’s airline industry. CAPA has further warned that ‘it will be impossible to survive this crisis without a strong balance sheet.’ In that sense, the fact that IndiGo, which had a 47.5 per cent share of the domestic passenger market in December 2019, should raise the red flag by announcing the …

Up in the air
4 years, 7 months ago

Up in the air

India Today  

Among the millions of viral memes floating around online recently, is one that juxtaposes a flying car next to rows of grounded aircraft—“Flying cars by 2020? Now, according to an infrastructure advisory report, published by ratings agency CRISIL on May 7, the industry this fiscal could bleed revenues worth Rs 24,000 crore to Rs 25,000 crore, and that it could …

Coronavirus Outbreak: Domestic aviation industry to crash-land this fiscal with Rs 24,000-25,000 cr revenue loss, says CRISIL
4 years, 8 months ago

Coronavirus Outbreak: Domestic aviation industry to crash-land this fiscal with Rs 24,000-25,000 cr revenue loss, says CRISIL

Firstpost  

The domestic aviation industry, which has been severely hit by the coronavirus outbreak and the subsequent lockdown, is expected to crash-land this fiscal with a massive revenue loss of Rs 24,000-25,000 crore, a Crisil report said on Thursday Mumbai: The domestic aviation industry, which has been severely hit by the coronavirus outbreak and the subsequent lockdown, is expected to crash-land …

World's biggest lockdown may have cost Rs 7-8 lakh crore to Indian economy
4 years, 8 months ago

World's biggest lockdown may have cost Rs 7-8 lakh crore to Indian economy

India Today  

The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said. World Bank on Sunday said India's economy is expected to grow 1.5 per cent to 2.8 per …

Air India could post over Rs 7,600 crore loss in 2018-19, highest so far
5 years, 6 months ago

Air India could post over Rs 7,600 crore loss in 2018-19, highest so far

India TV News  

In what could make Air India sale an uphill task for the government, the national carrier could report highest-ever loss of over Rs 7,600 crore in financial year 2018-19 on account of low fleet utilization and high fuel prices among others. In order to sweeten the deal for Air India this time, the government is likely to offer entire 100 …

Indian airline sector to shrink losses by two-thirds next year; domestic air traffic to rise by 14-16%: Report
5 years, 10 months ago

Indian airline sector to shrink losses by two-thirds next year; domestic air traffic to rise by 14-16%: Report

Firstpost  

Domestic air traffic is forecast to rise by 14 to 16 percent in financial year 2020 with international traffic set to be 10 to 12 percent higher as the Indian fleet expands by more than 90 aircraft. New Delhi: India’s airlines are poised to cut their cumulative losses by as much as two-thirds in the financial year starting in April …

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