{"id":520453,"date":"2022-09-08T10:30:54","date_gmt":"2022-09-08T05:00:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=520453"},"modified":"2022-09-08T10:30:54","modified_gmt":"2022-09-08T05:00:54","slug":"report-puts-indian-aviation-industrys-fy23-net-loss-at-rs-15000-17000-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/report-puts-indian-aviation-industrys-fy23-net-loss-at-rs-15000-17000-crore\/","title":{"rendered":"Report puts Indian aviation industry&#8217;s FY23 net loss at Rs 15,000-17,000 crore"},"content":{"rendered":"<p>The net loss for India&#8217;s domestic airline industry is expected to be in the range of Rs 15,000-17,000 crore this fiscal.<\/p>\n<p>According to a report by credit ratings agency Icra, this projected loss is a function of elevated price of Aviation Turbine Fuel (ATF) and a weak rupee.<\/p>\n<p>In India, ATF accounts for around 45 per cent of the operational cost of an airline. Besides, 35-50 per cent of an airlines&#8217; operating expenses are US dollar-driven, which means a weak rupee makes a significant impact.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The net loss for India&#8217;s domestic airline industry is expected to be in the range of Rs 15,000-17,000 crore this fiscal. According to a report by credit ratings agency Icra, this projected loss is a function of elevated price of Aviation Turbine Fuel (ATF) and a weak rupee. In India, ATF accounts for around 45 per cent of the operational cost of an airline. Besides, 35-50 per cent of an airlines&#8217; operating expenses are US dollar-driven, which means a weak rupee makes a significant impact.<\/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":[192,130,136],"tags":[],"class_list":["post-520453","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/520453","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=520453"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/520453\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=520453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=520453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=520453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}