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Indian airways are projected to report a consolidated lack of $8 billion within the subsequent monetary yr, aviation consultancy CAPA India stated on Monday.

The total-service carriers are anticipated to incur a lack of $1.1-1.2 billion.

In line with CAPA India’s forecast for 2023-24, Indian airways are estimated to have a web induction of 132 planes subsequent fiscal and can take the entire fleet of all carriers to round 816 plane.

A rise in ATF costs would put strain on prices. Additionally, there could possibly be a decline in yields because of important capability addition, it added.

“Home and worldwide air site visitors are anticipated to be within the vary of 160+ million and 72-75 million in FY24, respectively, with each growing 20% or extra YoY,” it stated.

Within the subsequent fiscal, Indian airways are anticipated to see a web addition of 132 planes and the entire fleet measurement is projected to be 816. For this monetary yr, the fleet measurement is estimated at 684, together with these plane on the bottom.

CAPA India additionally stated that greater than 100 planes of varied Indian carriers are on the bottom on account of provide chain and non-supply chain points.

. Learn extra on Enterprise Information by BloombergQuint.

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