{"id":387949,"date":"2020-12-05T08:32:32","date_gmt":"2020-12-05T03:02:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387949"},"modified":"2020-12-05T09:24:04","modified_gmt":"2020-12-05T03:54:04","slug":"indian-aviation-industry-to-report-a-net-loss-of-rs-21000-cr-in-fy21-icra-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-aviation-industry-to-report-a-net-loss-of-rs-21000-cr-in-fy21-icra-2\/","title":{"rendered":"Indian aviation industry to report a net loss of Rs 21,000 cr in FY21: Icra"},"content":{"rendered":"<p>The Indian aviation industry is expected to report a net loss of Rs 21,000 crore in the current financial year (FY21) against a net loss of Rs 12,700 crore in FY20 due to lower revenues and high fixed costs, according to ICRA. <\/p>\n<p>The industry&#8217;s debt level will increase to Rs 50,000 crore (excluding lease liabilities) over FY 2021-22 and the industry will require an additional funding of Rs 35,000 crore to 37,000 crore over FY21 to 23. <\/p>\n<p>While some airlines have sufficient liquidity and financial support from a strong parentage which will help them sustain over the near term, there are other airlines which are already in financial stress and are now facing several issues. <\/p>\n<p>Besides, said ICRA, even for the former, credit metrics and liquidity profile have deteriorated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian aviation industry is expected to report a net loss of Rs 21,000 crore in the current financial year (FY21) against a net loss of Rs 12,700 crore in FY20 due to lower revenues and high fixed costs, according to ICRA. The industry&#8217;s debt level will increase to Rs 50,000 crore (excluding lease liabilities) over FY 2021-22 and the industry will require an additional funding of Rs 35,000 crore to 37,000 crore over FY21 to 23. While some airlines have sufficient liquidity and financial support from a strong parentage which will help them sustain over the near term, there [&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-387949","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\/387949","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=387949"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387949\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}