Domestic airlines may cut losses to Rs 10,000 crore this fiscal: CRISIL Ratings

Lower domestic air traffic compared with pre-pandemic level coupled with high fuel prices and only a gradual recovery in international operations may lead to domestic airlines posting around Rs 9,500-10,000 crore losses this fiscal, ratings agency Crisil said on Thursday.

These losses, however, will still be 35-40 per cent lower compared to Rs 14,000-15,000 crore estimated losses in the previous financial year, CRISIL Ratings said.