Despite passenger growth of 14.5pc in Jan25 (YoY), aviation industry likely to post loss in FY25, FY26: ICRA
1 month ago

Despite passenger growth of 14.5pc in Jan25 (YoY), aviation industry likely to post loss in FY25, FY26: ICRA

Live Mint  

New Delhi, February 21 : The Indian aviation industry is expected to report a net loss of ₹2,000-3,000 crore in both FY25 and FY26, according to a report by ICRA. The losses are primarily attributed to pressure on ticket prices as airlines aim to maintain healthy passenger load factors despite high aviation turbine fuel prices. ICRA said "the Indian aviation industry to report a net loss of Rs. ICRA noted that "The pace of recovery in industry earnings is likely to be gradual, owing to the high fixed cost nature of the business".

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History of this topic

Stocks to Watch: NHPC, Oil India, Cipla, L&T Finance, BHEL, Delhivery, and more
1 month, 1 week ago

Stocks to Watch: NHPC, Oil India, Cipla, L&T Finance, BHEL, Delhivery, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. NHPC: State-owned NHPC Ltd reported a 52.5 percent year-on-year decline in net profit to ₹231 crore for Q3 FY25, compared to ₹486.7 crore in the same quarter last year. Oil India: State-owned Oil India Ltd posted a 22.88 percent YoY decline in net profit to ₹1,221.80 …

PSU stocks tumble up to 8% as Budget 2025 lowers FY25 capex to ₹10.18 lakh crore
1 month, 2 weeks ago

PSU stocks tumble up to 8% as Budget 2025 lowers FY25 capex to ₹10.18 lakh crore

Live Mint  

Union Budget 2025: State-owned stocks, including those in the railway and defence sectors, are trading with significant losses in today's trade, February 1, due to the government's decision in the Union Budget 2025-26 to reduce the revised capital expenditure estimate for FY25 to ₹10.18 lakh crore. For FY26, Nirmala Sitharaman, in her budget for 2025-26, raised the capex target to …

Budget 2025: Will India’s aviation sector fly higher?
2 months ago

Budget 2025: Will India’s aviation sector fly higher?

Live Mint  

New Delhi: India's aviation sector is growing rapidly, this is evident from record breaking domestic passenger movement and pending delivery of over 1000 aircraft to Indian airlines. As per DGCA data, the domestic passenger numbers are set to reach yet another record high, crossing the 15 crore mark for the second year in a row. Kinjal Shah, Senior VP, Corporate …

Domestic passenger traffic rose 6.7% in April-November 2024 over 2023: ICRA
2 months, 3 weeks ago

Domestic passenger traffic rose 6.7% in April-November 2024 over 2023: ICRA

Hindustan Times  

NEW DELHI: Domestic air traffic from April to November 2024 stood at 107.49 million passengers, reflecting a year-on-year growth of 6.7% and a 12.3% increase over the pre-Covid level of 2019, research and rating firm ICRA said in a statement, indicating a strong rebound in the aviation industry as travel demand continues to rise. ICRA said added that the Indian …

Domestic Air Traffic Expected To Rise 7-10% In FY25: ICRA
3 months, 2 weeks ago

Domestic Air Traffic Expected To Rise 7-10% In FY25: ICRA

ABP News  

Domestic air traffic is expected to grow 7-10 per cent in the current fiscal year, reaching 164-170 million passengers, while the aviation industry is projected to incur losses of Rs 2,000-3,000 crore, according to a report from rating agency ICRA. In the first half of 2024-25, domestic air passenger traffic stood at 79.3 million, reflecting a 5.3 per cent year-on-year …

Domestic air traffic to rise to 164-170 million in FY25: Icra
3 months, 2 weeks ago

Domestic air traffic to rise to 164-170 million in FY25: Icra

Deccan Chronicle  

New Delhi: Domestic air traffic is projected to rise 7-10 per cent to 164-170 million in the current fiscal year, while the aviation industry's loss is pegged at Rs 2,000-3,000 crore during the same period, according to rating agency Icra. In the first half of 2024-25, Icra said domestic air passenger traffic stood at 79.3 million, marking a 5.3 per …

Corporate India saw 3.7 pc revenue growth in FY24: ICRA
9 months ago

Corporate India saw 3.7 pc revenue growth in FY24: ICRA

Deccan Chronicle  

Chennai: Corporate India reported 3.7 per cent revenue growth in FY24. The softening of input costs helped 17.4 per cent growth in earnings. This softening of input costs along with operating leverage benefits helped the companies see an expansion in operating profit margin by 92 bps to 17.2 per cent in Q4 FY2024. However, the OPM growth of 17.4 per …

Domestic air passenger traffic grows 5.1% to about 138.9 million in May: ICRA
9 months, 2 weeks ago

Domestic air passenger traffic grows 5.1% to about 138.9 million in May: ICRA

The Hindu  

Domestic air passenger traffic grew 5.1% year-on-year to an estimated 138.9 million in May and was significantly higher by around 14 per cent than pre-COVID levels, credit ratings agency ICRA said on Thursday. According to the agency, the domestic air passenger traffic for FY24 was around 154 million, with a year-on-year growth of around 13%. It thus surpassed the pre-COVID …

Domestic air passenger traffic likely touched 15.4 crore in 2023–24: Report
11 months, 1 week ago

Domestic air passenger traffic likely touched 15.4 crore in 2023–24: Report

New Indian Express  

NEW DELHI: Domestic air passenger traffic is likely to have witnessed an annual growth of 13 percent at around 15.4 crore in 2023–24, and the aviation industry's net loss is expected to have declined to Rs 3,000–4,000 crore during the same period, says a report. For FY24, it said domestic air passenger traffic is estimated at around 154 million, a …

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

Air India: ₹7,000 Crore write-offs in FY23
1 year, 8 months ago

Air India: ₹7,000 Crore write-offs in FY23

Live Mint  

Air India incurred significant write-offs amounting to an estimated ₹7,000 crore during the financial year 2022-23. However, despite these challenges, Air India managed to reduce its losses and achieve positive earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs at an operating level, the publication reported. Air India, along with its subsidiary Air India Express, achieved EBITDAR positivity …

Indian Aviation Industry Suffers Over Rs 24,000 Crore Loss In 2020-22
2 years, 1 month ago

Indian Aviation Industry Suffers Over Rs 24,000 Crore Loss In 2020-22

News 18  

India’s aviation industry suffered a loss of over Rs 24,000 crore in the last two financial years during 2020-22. As per the Union Ministry of Civil Aviation, the industry in FY 2020-21 suffered a loss of Rs 12,479 crore and in FY 2021-22 it was Rs 11,658 crore. In a reply at the Lok Sabha on Thursday, the Ministry said …

Uber India narrows net loss to Rs 216 crore in FY22; details here
2 years, 3 months ago

Uber India narrows net loss to Rs 216 crore in FY22; details here

Firstpost  

Uber India managed to grow its operational revenue by 7 percent to Rs 397 crore in the current fiscal year from Rs 370 crore in FY21. Amid this scenario, leading online cab service provider Uber India has managed to bring down its net loss to Rs 216 crore in Fiscal Year 22. Uber’s second-largest cost after the input expenditure, employee …

Byju's losses widen to ₹4,588 crore in FY21
2 years, 6 months ago

Byju's losses widen to ₹4,588 crore in FY21

The Hindu  

Byju's booked a loss of ₹4,588 crore for fiscal year ended March 31, 2021, 19 times more than the preceding fiscal, as the nation's most valuable start-up on Wednesday released audited financial statements after months of delay. But in the following fiscal, ending March 31, 2022, the company said revenue soared fourfold to ₹10,000 crore but it did not disclose …

IndiGo Q4 loss widens to ₹1,681 crore on zooming fuel costs, Omicron wave
2 years, 9 months ago

IndiGo Q4 loss widens to ₹1,681 crore on zooming fuel costs, Omicron wave

The Hindu  

India’s largest airline IndiGo reported a widening of loss to ₹1,681 crore for the quarter ended March 31 from the ₹1,147-crore loss a year earlier, on soaring fuel costs, the impact of the Omicron wave and a weakening rupee. IndiGo also recorded a widening of loss to ₹6,161 crore for FY22, compared with a loss of ₹5,806 crore in the …

Jet Fuel Prices At All-time High: Will Airlines Raise Domestic Flight Ticket Prices Soon?
2 years, 11 months ago

Jet Fuel Prices At All-time High: Will Airlines Raise Domestic Flight Ticket Prices Soon?

News 18  

As the jet fuel prices have been rising for quite some time and currently hovering at an all-time high levels, the aviation industry is facing the heat on its finances. ICRA on Jet Fuel Hikes Rating agency ICRA expects the Indian aviation industry to report a net loss of Rs 25,000-26,000 crore in FY2022. “Elevated aviation turbine fuel prices, which …

Airports in India to Become Profitable After Two Years in FY2023: ICRA
2 years, 11 months ago

Airports in India to Become Profitable After Two Years in FY2023: ICRA

News 18  

After a gap of two years, India’s airport sector is expected to become profitable in FY23. According to ICRA estimates, all India passenger traffic is likely to increase by 68-70 per cent YoY to 317-320 million in FY2023. Besides, domestic passenger traffic is expected to witness 64-66 per cent YoY growth in FY2023 and reach pre-Covid levels. On Sunday, the …

AAI estimates full passenger recovery by end of FY23
2 years, 11 months ago

AAI estimates full passenger recovery by end of FY23

The Hindu  

Indian airports could see total number of domestic and international passengers return to pre-pandemic levels by the end of financial year 2023, according to a forecast by the Airports Authority of India. Its forecast indicates that the traffic could be almost at pre-pandemic levels by the end of FY23 and reach 33.8 crore - 99.1% of FY20 passenger numbers. According …

Air India’s accumulated losses rise to ₹77,953 crore during FY2021
3 years, 5 months ago

Air India’s accumulated losses rise to ₹77,953 crore during FY2021

Live Mint  

Air India’s accumulated losses rose to ₹77,953 crore in the year ended 31 March 2021 from ₹70,820 crore in FY20, the airline said in a statement to BSE. The airline’s standalone net loss in FY21 reduced to ₹7,017.42 crore from a ₹7,765.73 crore loss in FY20, as expenses fell to ₹19,083.33 crore from ₹36,290.17 crore during the period, as the …

Indian aviation industry may incur losses worth ₹26,000 crore in FY22: Report
3 years, 6 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, 7 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 …

Air India's Net Loss Stands at Around Rs 2,570 Crore in First Quarter of 2020-21: Puri
4 years, 6 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, 6 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 …

Aviation firms may suffer losses of up to $3.6 bn: CAPA
4 years, 11 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, …

FY20 Domestic Air Passenger Traffic Could Grow 4.5%: ICRA
5 years, 3 months ago

FY20 Domestic Air Passenger Traffic Could Grow 4.5%: ICRA

ABP News  

New Delhi: Ratings agency ICRA expects domestic air passenger traffic growth for the current fiscal to be 4.5 per cent, after five years of double-digit growth. "A series of events during the current fiscal such as discontinuation of operations of Jet Airways, grounding of the Boeing 737 Max aircraft due to technical issues with its flight control software, and issues …

IndiGo reports ₹1,066 crore loss in Sept-quarter as costs surge
5 years, 4 months ago

IndiGo reports ₹1,066 crore loss in Sept-quarter as costs surge

Live Mint  

IndiGo, India's biggest airline, reported a bigger loss in the September quarter, hurt by higher expenses and as the aviation industry grapples with slowing passenger growth in a sluggish economy. The airline's owner InterGlobe Aviation Ltd's net loss in the three months to Sept. 30 widened to ₹1,066 crore from ₹652 crore in the same period last year. The results …

Indian airlines stare at steepest loss in a decade: Crisil
6 years, 4 months ago

Indian airlines stare at steepest loss in a decade: Crisil

Live Mint  

Mumbai: Indian airlines may plunge into their steepest loss in a decade this financial year, slammed by rising operating costs caused mainly by high jet fuel prices and a weak rupee, Crisil Ratings said on Thursday. “At an estimated ₹ 9,300 crore, the industry’s losses at EBIT level would surpass the ₹ 7,348 crore blow it was dealt in fiscal …

Airlines may post steepest losses in a decade in FY19 owing to higher aviation fuel costs and falling rupee: Crisil
6 years, 4 months ago

Airlines may post steepest losses in a decade in FY19 owing to higher aviation fuel costs and falling rupee: Crisil

Firstpost  

Pitching for a 12 percent hike in airfares to offset the increased costs, the report also forecasts debt liability of three listed airlines to go up by 10 percent by FY19 Mumbai: Domestic airlines are projected to post the steepest losses in a decade in the current fiscal year owing to higher aviation fuel costs and falling rupee, rating agency …

Air India's balance sheet is splashed with red ink; if the govt won't sell the ailing carrier, it has to bear the cross
6 years, 9 months ago

Air India's balance sheet is splashed with red ink; if the govt won't sell the ailing carrier, it has to bear the cross

Firstpost  

Air India has logged losses for over a decade, has a debt of over Rs 50,000 crore and faces stiff competition from private airlines. In a Rajya Sabha reply on 3 April, the Minister of State for Civil Aviation Jayant Sinha has been quoted as saying that as per provisional figures, AI’s net loss could be Rs 3,579 crore in …

Jet Airways reports Q4 standalone net loss of Rs 1,036 crore for FY18 on oil price rise, weak rupee
6 years, 9 months ago

Jet Airways reports Q4 standalone net loss of Rs 1,036 crore for FY18 on oil price rise, weak rupee

Firstpost  

Naresh Goyal-promoted Jet Airways reported a standalone net loss of Rs 1,036 crore in the March quarter due to rise in oil prices and a weaker rupee Mumbai: Naresh Goyal-promoted Jet Airways on Wednesday reported a standalone net loss of Rs 1,036 crore in the March quarter due to rise in oil prices and a weaker rupee. For the financial …

Air India's projected net loss for 2017-18 at Rs 3,579 cr against Rs 3,643 cr in 2016-17
7 years, 2 months ago

Air India's projected net loss for 2017-18 at Rs 3,579 cr against Rs 3,643 cr in 2016-17

Firstpost  

Civil Aviation Minister Ashok Gajapathi Raju said in a written reply that the projected net loss of Air India in the budget estimates for 2017-18 stood at Rs 3,579 crore as against Rs 3,643 crore for the year 2016-17 New Delhi: Air India’s projected net loss for 2017-18 is estimated at over Rs 3,500 crore, which was less than the …

Air India likely to post over Rs 100 crore operating profit in 2015-16
8 years, 7 months ago

Air India likely to post over Rs 100 crore operating profit in 2015-16

Firstpost  

As Modi spoke of Air India’s turnaround in his Independence Day speech, the state-run airline is expecting to log over Rs 100 crore operating profit in the last fiscal and projecting to cross the Rs 700 crore mark in the current financial year. New Delhi: As Prime Minister Narendra Modi spoke of Air India’s turnaround in his Independence Day speech …

Over Rs 5,840 cr loss for Indian airline industry, Air India leads pack: Centre
10 years, 7 months ago

Over Rs 5,840 cr loss for Indian airline industry, Air India leads pack: Centre

Firstpost  

The private carriers—Jet Airways, JetLite, SpiceJet, GoAir, IndiGo and now-defunct Kingfisher Airlines—reported a total loss of Rs 3,733 crore in 2009-10, Rs 2,902 crore in 2010-11, shot up to Rs 7,272 crore in 2011-12 and again slided to Rs 2,682 crore in 2012-13. New Delhi: The Indian airline industry suffered a total operating loss of over Rs 5,840 crore, including …

Domestic carriers likely to post $1.3-1.4 bn losses in FY15: CAPA
10 years, 8 months ago

Domestic carriers likely to post $1.3-1.4 bn losses in FY15: CAPA

India TV News  

Mumbai: Domestic carriers are expected to post losses to the tune of $1.3-1.4 billion this fiscal amidst an expected increased costs and other factors, according to a report slated to be released next month. “The structural viability of airline business models will continue to face pressures with costs expecting to increase and yields likely to remain soft with new entrants …

Jet Airways standalone losses jump eight-fold to Rs 891 crore
11 years, 4 months ago

Jet Airways standalone losses jump eight-fold to Rs 891 crore

India TV News  

New Delhi: Naresh Goyal-run Jet Airways has reported a eight-fold jump in losses at Rs 891 crore in the September quarter due to the fall in rupee's value and poor market conditions, coupled with grounding of some of its aircraft. The airline company, which sold 24 per cent stake to UAE carrier Etihad in April, had reported loss of Rs …

Air India incurred loss of over Rs. 5,500 crore in 2009-10
14 years, 6 months ago

Air India incurred loss of over Rs. 5,500 crore in 2009-10

The Hindu  

National carrier Air India incurred a loss of over Rs. 467.60 crore respectively in the said fiscal, Minister of Civil Aviation Vayalar Ravi said in a written reply in Lok Sabha. Various measures like equity infusion to Air India and persuading state governments to reduce the sales tax on Aviation Turbine Fuel have been taken to check, Mr. Ravi said. …

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