Monday, Nov 24, 2014

Indian airlines to post $1.3 bn -$1.4 bn losses for FY 2015

As Star Alliance member, Air India will share routes with other airlines to more than 1,200 destinations. (AP) 'The structural viability of airline business models will continue to face pressures as costs are expected to increase' (Photo: AP)
Mumbai | Posted: June 26, 2014 9:30 pm

The combined losses of domestic airlines plying in the domestic sector is expected to reach $1.3billion to1.4 billion in Fy 15, said a report by Centre for Asia Pacific Aviation (CAPA), India Private Ltd, on Thursday.

“The structural viability of airline business models will continue to face pressures as costs are expected to increase while yields are likely to remain soft with new entrants coming into the market,” it said.

According to CAPA data, the Indian aviation industry had posted a combined loss of $1.7 billion in FY 14 and its accumulated loss have reached $10.6 billion figure in the last seven years.

 

The Financial Express

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