NEW DELHI: Failing to capitalise on Jet Airways’ closure and relatively softer fuel prices, Indian carriers are estimated to report a consolidated net loss of over USD 600 million in 2019-20, according to aviation consultancy CAPA.
The new projection is in sharp contrast to the previous projection it had made in June 2019. Five months back, when airfares were relatively higher on account of capacity crunch in the aviation market, CAPA had projected a consolidated net profit of USD 500-700 million for the ongoing fiscal.
