Airline companies are ready to benefit from an expanding middle class and the induction of fuel-efficient aircraft, which will also enable them to overcome the chronic problems associated with high fuel prices and the depreciating rupee.
Domestic aviation companies are now facing turbulence with crisis- hit Jet Airways suffering a loss of Rs 588 crore in the third quarter of the current fiscal and now in the midst of a resolution plan. SpiceJet has a reported a 77 per cent drop in net profits and IndiGo’s bottomline sagged 75 per cent in the same period.
However, according to a report from brokerage Prabhudas Lilladher, the industry is set to fly past the difficult times.
