ICRA raises airline loss forecast to ₹36,000–38,000 crore
after close1 source ↓written by the desknot a recommendation
ICRA has revised its loss forecast for India's aviation sector, now estimating a combined net loss of ₹36,000–38,000 crore due to weak demand and rising costs. Factors include the depreciation of the rupee, high jet fuel prices, and geopolitical tensions affecting international travel. This marks a significant increase from previous estimates, indicating deeper financial stress for domestic carriers.
Not investment advice. For informational purposes only.