Domestic airlines industry is expected to report a net loss of around Rs 15,000-17,000 crore this fiscal on account of elevated price of Aviation Turbine Fuel (ATF) and a weak rupee, a report said on Wednesday.
The losses for the industry in the previous fiscal were estimated at around Rs 23,000 crore, credit ratings agency Icra said in its report.
However, the debt levels for the industry are expected to be at around Rs 1 lakh crore (including lease liabilities) as on March 31, 2023, as per the ratings agency.
