TBM Staff - Mumbai
The Indian aviation industry is projected to report a net loss of INR. 20-30 billion in FY2025 and FY2026, slightly lower than earlier estimates but higher than the INR. 10 billion loss in FY2024,
TBM Staff - Mumbai
ICRA has revised its forecast for Indian airlines' cumulative net losses for FY25 and FY26, lowering the estimate by 25-33% due to improved pricing power and a stable cost environment. The new estimate is INR
TBM Staff - Mumbai
Medical tourism in India increased by around 33% year-on-year in 2023, with expectations to surpass the pre-pandemic levels of 700,000 visitors recorded in 2019 in calendar year 2024, credit rating agency ICRA said. This growth,
TBM Staff - Mumbai
According to a report in The Hindustan Times, flying expenses could soar in this September quarter due to increased traveller interest during festival weekends. Airlines, already facing aircraft shortages, may struggle to meet demand. Additionally,
TBM Staff - Mumbai
The momentum in air passenger traffic is expected to continue into the financial year 2025 (FY2025), though further expansion in yields from the current levels may be limited, according to a report by rating
TBM Staff - Mumbai
India's air passenger traffic is expected to grow by 8-11% year-on-year, reaching a record high of 407-418 million passengers in the current financial year (FY25), according to ratings agency ICRA. This surge is projected
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