SME Times is powered by   
Search News
Just in:   • Startup India: Much more needs to be done  • First India-China high level Meeting on security cooperation  • Saudi Arabia: World's 3rd largest weapons buyer with US as its top supplier  • Sack Jaitley over bank frauds: Congress  • Data protection bill detrimental to economy, says advocacy group 
Last updated: 06 Dec, 2017  

Flight.9.thmb.jpg Aviation industry expected to reduce losses in FY18: ICRA

Flight.9.jpg
   Top Stories
» First India-China high level Meeting on security cooperation
» 'Air cargo industry must grow 12.9% yearly to achieve policy goal'
» Industries, govt must come together for education to all: Naidu
» Industry body CII forms Indian Digital Gaming Society
» RBI adopts calibrated tightening due to inflation risks
SME Times News Bureau | 06 Dec, 2017

Credit ratings agency ICRA on Tuesday said that healthy passenger load factors, along with a decline in competitive intensity is expected to aid the Indian aviation industry to reduce its losses in FY2018.

As per a research note by ICRA, healthy passenger load factors supported by a decline in competitive intensity due to moderation in capacity addition and suspension of operations of three regional airlines has augured well for the industry profitability.

"This coupled with a gradual improvement in the core growth drivers like economic environment, tourism demand and regulatory support and a strong demand during the peak season is expected to support the industry profitability during H2 FY2018," the research note said.

According to Kinjal Shah, Assistant Vice President & Co-Head, Corporate Sector Ratings, ICRA, the aggregate net loss of the industry (which does not includes Vistara and AirAsia India) is expected to reduce to "Rs 50 million to Rs 1 billion in FY2018 from Rs 10 billion in the previous year".

"It has to be noted that the loss is primarily on account of losses of Air India, while all other major airlines are expected to report profits during the year," he said.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 23 Oct, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(4)
» India needs strong, decisive leadership at Centre: Jaitley(1)
» Industries, govt must come together for education to all: Naidu(1)
» Indian artisans - crafting a way of life(1)
» All is not well with GDP growth(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter