profitability - TravelBiz Monitor: India travel news, travel trends, tourism

Domestic airlines industry expected to fly back into profitability next fiscal: Crisil

By TBM Staff - Mumbai Friday, 3 March 2023, 12:00 PM 63

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

Airlines to cut losses; return to marginal profit in 2023: IATA

By TBM Staff - Mumbai Wednesday, 7 December 2022, 12:00 PM 270

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

SOTC expects to reach 2019-level of profitability by Oct

By TBM Staff - Mumbai Thursday, 29 September 2022, 12:00 PM 517

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