Home Posts tagged profitability
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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
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 said. As per the report by credit rating agency Crisil, the industry is also likely to pare its net loss […]Continue Reading
Top Stories Trade Associations
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 in 2022. In 2023, airlines are expected to post a small net profit of USD 4.7 billion—a 0.6% net profit […]Continue Reading
Top Stories Trade News
With strong demand for travel, SOTC Travel Ltd is looking to reach 2019 profitability levels by October, Vishal Suri, MD, said, reports Varuni Khosla for Mint. Currently, India is an attractive source market for global tourists, because the Chinese are not travelling and, most destinations are vying for the Indian traveller, he added. The company’s […]Continue Reading
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