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
Qatar Airways has announced a remarkable 39% surge in its annual net profit, reaching a record 6.1 billion Qatari riyals (USD 1.67 billion), for the fiscal year ending March 31st. The government-owned airline also reported
TBM Staff - Mumbai
For 2023, the net profit is estimated at USD 23.3 billion, significantly higher than the USD 9.8 billion projected by the International Air Transport Association (IATA) in June this year. IATA has more than 300
TBM Staff - Mumbai
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
TBM Staff - Mumbai
Domestic airlines industry is expected to fly back into profitability next fiscal, for the first time since the outbreak of Covid, amid easing cost pressures and reduction in leverage to support credit profiles, a report
TBM Staff - Mumbai
The International Air Transport Association (IATA) expects a return to profitability for the global airline industry in 2023 as airlines continue to cut losses stemming from the effects of the COVID-19 pandemic to their business
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