Indian airlines likely to post loss of over $600 million this fiscal: Report
Indian carriers are estimated to report a consolidated net loss of over USD 600 million (over Rs 4,230 crore) in 2019-20, according to aviation consultancy CAPA as it downgraded its full-year profitability projection made in June. In June, it projected a consolidated net profit of USD 500-700 million in the optimistic case.
Currently, there are four budget carriers and two full service airlines — IndiGo, GoAir, SpiceJet, AirAsia India, Vistara and Air India. In its quarterly market update report on aviation outlook FY2020, CAPA India said it is the “most significant downgrade within one quarter in more than 16 years”.
