{"id":387767,"date":"2020-12-04T11:39:39","date_gmt":"2020-12-04T06:09:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387767"},"modified":"2020-12-04T11:39:39","modified_gmt":"2020-12-04T06:09:39","slug":"indian-airlines-to-report-%e2%82%b921000-crore-losses-during-2020-21","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-airlines-to-report-%e2%82%b921000-crore-losses-during-2020-21\/","title":{"rendered":"Indian airlines to report \u20b921,000 crore losses during 2020-21"},"content":{"rendered":"<p>New Delhi: Indian airlines will post net losses of about \u20b921,000 crore during the fiscal year(FY) 2021 following a raft of travel restrictions and amidst diminishing travel appetite due to rising covid-19 infections, and would require additional fundings to the tune of \u20b937,000 crore over FY2021 to FY2023 to recover from losses and debt, credit rating agency Icra Limited said in a report on Thursday.<\/p>\n<p>Icra added that the agency maintains a negative credit outlook on the Indian airline industry.<\/p>\n<p>The profitability of the Indian airlines remains adversely impacted during FY2021 due to lower revenues and high fixed costs even though passenger traffic continues to improve sequentially.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Indian airlines will post net losses of about \u20b921,000 crore during the fiscal year(FY) 2021 following a raft of travel restrictions and amidst diminishing travel appetite due to rising covid-19 infections, and would require additional fundings to the tune of \u20b937,000 crore over FY2021 to FY2023 to recover from losses and debt, credit rating agency Icra Limited said in a report on Thursday. Icra added that the agency maintains a negative credit outlook on the Indian airline industry. The profitability of the Indian airlines remains adversely impacted during FY2021 due to lower revenues and high fixed costs even [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-387767","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387767","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=387767"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387767\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}