Indian aviation industry loss estimated to stay at Rs 30-40 billion in FY25

ICRA forecasts Indian aviation industry to reduce net loss to Rs 30-40 billion in FY2025 from Rs 170-175 billion in FY2023. Challenges include high ATF prices, rupee depreciation, supply chain issues, faulty P&W engines grounding fleets, flight cancellations, and financial distress.

May 14, 2024 - 14:00
Indian aviation industry loss estimated to stay at Rs 30-40 billion in FY25
ICRA forecasts Indian aviation industry to reduce net loss to Rs 30-40 billion in FY2025 from Rs 170-175 billion in FY2023. Challenges include high ATF prices, rupee depreciation, supply chain issues, faulty P&W engines grounding fleets, flight cancellations, and financial distress.