Domestic airline industry could report Rs 15,000-17,000 crore loss this fiscal, says ICRA report

India’s domestic airline industry is expected to take a hit this fiscal, with a new report projecting at least a Rs 15,000 crore loss owing to increased aviation fuel costs.

Credit rating agency ICRA, in a new report, pointed to an 8% dip in traffic compared to pre-pandemic levels and the elevated prices of aviation turbine fuel (ATF) as the major threats to earnings and the liquidity profile of airlines in the near-to-medium term.