{"id":397149,"date":"2021-01-25T10:55:54","date_gmt":"2021-01-25T05:25:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397149"},"modified":"2021-01-25T10:55:54","modified_gmt":"2021-01-25T05:25:54","slug":"aviation%e2%80%8a-firms%e2%80%8a-losses%e2%80%8a-to-%e2%80%8alower%e2%80%8a-sequentially-demand-revival-is-key","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aviation%e2%80%8a-firms%e2%80%8a-losses%e2%80%8a-to-%e2%80%8alower%e2%80%8a-sequentially-demand-revival-is-key\/","title":{"rendered":"Aviation\u200a firms\u2019\u200a losses\u200a to \u200alower\u200a sequentially; demand revival is key"},"content":{"rendered":"<p>Airlines are still gasping for breath under the pandemic\u2019s dark clouds. Travel demand has been underwhelming. Needless to say, this would reflect in the December quarter results (Q3FY21). SpiceJet Ltd and InterGlobe Aviation Ltd are expected to continue reporting losses, although sequentially lower. InterGlobe runs IndiGo, India\u2019s largest airline.<\/p>\n<p>Note that in the September quarter, InterGlobe and SpiceJet had reported a net loss of about \u20b91,200 crore and \u20b9112 crore, respectively.<\/p>\n<p>\u201cAlthough aviation turbine fuel prices for the December quarter were up 3.5% (down by 31% year-on-year), increasing scale of operation and an appreciating rupee (1% quarter-on-quarter) are likely to enable narrowing of losses sequentially,&#8221; wrote Paarth Gala, an analyst at Prabhudas Lilladher Pvt. Ltd in a report on 11 January.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airlines are still gasping for breath under the pandemic\u2019s dark clouds. Travel demand has been underwhelming. Needless to say, this would reflect in the December quarter results (Q3FY21). SpiceJet Ltd and InterGlobe Aviation Ltd are expected to continue reporting losses, although sequentially lower. InterGlobe runs IndiGo, India\u2019s largest airline. Note that in the September quarter, InterGlobe and SpiceJet had reported a net loss of about \u20b91,200 crore and \u20b9112 crore, respectively. \u201cAlthough aviation turbine fuel prices for the December quarter were up 3.5% (down by 31% year-on-year), increasing scale of operation and an appreciating rupee (1% quarter-on-quarter) are likely to [&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-397149","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\/397149","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=397149"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397149\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}