{"id":561094,"date":"2023-03-07T09:32:39","date_gmt":"2023-03-07T04:02:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=561094"},"modified":"2023-03-07T10:33:25","modified_gmt":"2023-03-07T05:03:25","slug":"icra-raises-aviation-industry-outlook-to-stable","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/icra-raises-aviation-industry-outlook-to-stable\/","title":{"rendered":"ICRA raises aviation industry outlook to \u2018stable\u2019"},"content":{"rendered":"<p>Credit rating agency ICRA on Monday raised Indian aviation industry outlook to \u2018stable\u2019 from \u2018negative\u2019 as net losses of the sector is estimated to decline sharply to around Rs 5,000-7,000 crore in 2023-24 from around Rs 11,000-13,000 crore in the current fiscal on the back of jump in passenger traffic.<\/p>\n<p>As per ICRA, domestic passenger traffic is expected to grow by 8-13 per cent in the financial year 2023-24 after growing by 55-60 per cent in the current fiscal.<\/p>\n<p>The size of domestic passenger traffic is estimated to reach 145-150 million in 2023-24, which is much higher than the pre-Covid levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit rating agency ICRA on Monday raised Indian aviation industry outlook to \u2018stable\u2019 from \u2018negative\u2019 as net losses of the sector is estimated to decline sharply to around Rs 5,000-7,000 crore in 2023-24 from around Rs 11,000-13,000 crore in the current fiscal on the back of jump in passenger traffic. As per ICRA, domestic passenger traffic is expected to grow by 8-13 per cent in the financial year 2023-24 after growing by 55-60 per cent in the current fiscal. The size of domestic passenger traffic is estimated to reach 145-150 million in 2023-24, which is much higher than the pre-Covid [&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":[176,146,130],"tags":[],"class_list":["post-561094","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/561094","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=561094"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/561094\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=561094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=561094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=561094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}