{"id":305659,"date":"2019-12-16T10:14:03","date_gmt":"2019-12-16T04:44:03","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=305659"},"modified":"2019-12-16T10:17:47","modified_gmt":"2019-12-16T04:47:47","slug":"airlines-fail-to-gain-from-fuel-price-cut-may-post-600-mn-loss-in-fy20","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airlines-fail-to-gain-from-fuel-price-cut-may-post-600-mn-loss-in-fy20\/","title":{"rendered":"Airlines fail to gain from fuel price cut, may post $600 mn loss in FY20"},"content":{"rendered":"<p>Indian carriers are estimated to report a consolidated net loss of over $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. <\/p>\n<p>In June, it projected a consolidated net profit of $500-700 million in the optimistic case. <\/p>\n<p>Currently, there are four budget carriers and two full service airlines &#8212; IndiGo, GoAir, SpiceJet, AirAsia India, Vistara and Air India. <\/p>\n<p>In its quarterly market update report on aviation outlook FY2020, CAPA India said it is the &#8220;most significant downgrade within one quarter in more than 16 years&#8221;. <\/p>\n<p>The carriers are anticipated to post a consolidated net loss of more than $600 million this financial year, as per projection at the end of November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian carriers are estimated to report a consolidated net loss of over $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 $500-700 million in the optimistic case. Currently, there are four budget carriers and two full service airlines &#8212; 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 &#8220;most significant downgrade within one quarter in more than 16 years&#8221;. The carriers [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-305659","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=305659"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/305659\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=305659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=305659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=305659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}