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

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

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

Top Stories
Thomas Cook India reports record growth in Operating Profits for Q1 FY 2024

Thomas Cook India reports record growth in Operating Profits for Q1 FY 2024

Thomas Cook India Ltd has reported a 27 fold increase in consolidated operating profits and a 166 percent jump in the Group’s operating EBITDA in the first quarter of FY24. The group reported INR. 1,474

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

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

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

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

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

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

Aviation
SpiceJet Net Profit jumps fivefold to INR 107 Crore in Q3 FY2023

SpiceJet Net Profit jumps fivefold to INR 107 Crore in Q3 FY2023

SpiceJet reported a net profit of INR 107 Crore (INR 221 Crore excluding forex adjustment) for the quarter ending December 31, 2022 as compared to a net profit of INR 23.28 Crore (INR 20 Crore

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

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

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

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