Mumbai: Airlines in India are expected to sharply narrow their annual losses in the next financial year as a result of a fall in jet fuel prices and higher fares, aviation advisory firm Capa India said on Tuesday.
Budget as well as full-services carriers are expected to lose between $550 million and $700 million in FY20, compared with a combined loss of up to $1.7 billion this year through March, said Kapil Kaul, Capa’s chief executive officer (CEO) and director South Asia, at the Capa India annual summit in New Delhi.
This year’s figure is an improvement from the $1.9 billion loss expected by Capa in its previous outlook issued in September when crude oil prices were trending higher.
