{"id":433393,"date":"2021-09-01T11:38:06","date_gmt":"2021-09-01T06:08:06","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=433393"},"modified":"2021-09-01T11:38:25","modified_gmt":"2021-09-01T06:08:25","slug":"icra-airlines-to-see-loss-of-rs-25000-26000-crore-in-fy22","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/icra-airlines-to-see-loss-of-rs-25000-26000-crore-in-fy22\/","title":{"rendered":"ICRA: Airlines to see loss of Rs 25,000-26,000 crore in FY22"},"content":{"rendered":"<p>NEW DELHI:  Indian aviation industry is expected to report a net loss of Rs 25,000-26,000 crore in FY22 on account of Covid-19 disruptions, regulatory fare-caps and significant increase in jet fuel (ATF) prices, rating agency Icra said on Tuesday. <\/p>\n<p>\u201cGiven the resurgence of the second wave of the pandemic, the recovery in passenger traffic will only be gradual, with the domestic passenger traffic expected to reach pre-Covid levels only by FY24. Elevated ATF prices (higher by 71% on Y-o-Y basis in 5M FY22) and fare caps continue to pose a challenge for the profitability of the airlines. Thus, the Indian aviation industry is expected to report a net loss of Rs 250-260 billion in FY22,\u201d said Kinjal Shah, Vice President and Co-Group Head, Icra. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Indian aviation industry is expected to report a net loss of Rs 25,000-26,000 crore in FY22 on account of Covid-19 disruptions, regulatory fare-caps and significant increase in jet fuel (ATF) prices, rating agency Icra said on Tuesday. \u201cGiven the resurgence of the second wave of the pandemic, the recovery in passenger traffic will only be gradual, with the domestic passenger traffic expected to reach pre-Covid levels only by FY24. Elevated ATF prices (higher by 71% on Y-o-Y basis in 5M FY22) and fare caps continue to pose a challenge for the profitability of the airlines. Thus, the Indian [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[208,130,143],"tags":[],"class_list":["post-433393","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/433393","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=433393"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/433393\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=433393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=433393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=433393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}