Impacted by myriad factors ranging from high fuel costs to economic slowdown, the Indian aviation sector has recorded operating losses of ₹6,845.78 crore during the first eight months of this financial year, its highest since FY15.
For April-November, the private carriers’ losses rose to ₹2,311.79 crore, while that of the national carrier (and subsidiaries) were at ₹4,533.9 crore in the full financial year of FY2019.
According to industry experts, things are unlikely to change for the rest of the year.
For April-November, state-run carriers posted the highest losses, with Air India’s losses zooming to ₹4,685 crore, as against a loss of ₹1,658 crore recorded in FY2019.
