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Credit outlook negative for aviation industry: ICRA
Updated : 5 years, 2 months ago IST
New Delhi [India], March 10 (ANI): Rating agency ICRA has a negative credit outlook on Indian aviation industry, reflecting a view that financial performance of airlines is likely to remain weak in near-to-medium term amid weak air traffic.
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Aviation industry to report net loss of Rs 21,000 cr in FY21: ICRA
Updated : 5 years, 5 months ago IST
New Delhi [India], December 4 (ANI): The Indian aviation industry is expected to report a net loss of Rs 21,000 crore in the current financial year (FY21) against a net loss of Rs 12,700 crore in FY20 due to lower revenues and high fixed costs, according to ICRA.
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Airlines profitability to be eroded due to lower revenues, high fixed cost
Updated : 5 years, 8 months ago IST
New Delhi [India], September 8 (ANI): Domestic air passenger traffic is likely to witness a de-growth of 41 to 46 per cent in the current financial year while international traffic may see a fall of 65 to 72 per cent, according to investment information agency ICRA.
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