Top Stories

Airlines in India expected to report net loss of INR 5,000-7,000 cr in FY24: ICRA

By TBM Staff - Mumbai Friday, 11 August 2023, 2:30 PM 417

Indian airlines are expected to see a sharp drop in net losses to INR 5,000-7,000 crore this fiscal as they continue to witness healthy passenger traffic growth and improvement in their revenue, rating agency ICRA said on Thursday. The net loss would be much lower compared to the INR 11,000-13,000 crore loss the industry is […]Continue Reading

Aviation Top Stories

IndiGo records highest ever quarterly profit of INR 3,090 crore in June

By TBM Staff - Mumbai Thursday, 3 August 2023, 9:30 AM 772

InterGlobe Aviation has reported a record profit after tax of INR 3,090.6 crore in the three months ended June. IndiGo reported its highest-ever quarterly total income of INR 17,160.9 crore in the first quarter of the current fiscal, according to a release. The carrier had registered a loss of INR 1,064.3 crore in the 2022 […]Continue Reading

OTAs Top Stories

MMT’s net profit at USD 18.6mn with record gross bookings of 31.4%

By TBM Staff - Mumbai Wednesday, 2 August 2023, 9:53 AM 912

For the quarter ended FY24, NASDAQ-listed MakeMyTrip (MMT) has witnessed a strong growth in travel demand for leisure and business , leading to a record in gross bookings. According to its unaudited financial and operating results for the quarter ending June 30, 2023, the company stated that its gross bookings grew by 31.4% YoY in […]Continue Reading

Hotels & Resorts Top Stories

ITDC posts INR 18 cr profit in Q1 FY 2022-23

By TBM Staff - Mumbai Saturday, 13 August 2022, 12:30 PM 718

The India Tourism Development Corporation (ITDC), the public sector undertaking under the aegis of the Ministry of Tourism, posted a remarkable performance for first quarter of the current financial year 2022-23. The total turnover in quarter ending June 2022 is INR 98.37 cr as compared to INR 47.72 cr in the corresponding quarter last year […]Continue Reading

Aviation Top Stories

Indian aviation industry may incur losses worth INR 26,000 cr in FY22: ICRA

By TBM Staff - Mumbai Thursday, 2 September 2021, 2:10 PM 1290

Pandemic-hit Indian aviation industry is expected to report a net loss of INR 25,000-26,000 crore while its debt level may increase to INR 1.2 lakh crore in the ongoing fiscal year, credit ratings agency ICRA said . Also, the industry will be requiring an additional funding of INR 45,000-47,000 crore over FY2022 to FY2024, it […]Continue Reading