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Middle East conflict to cut airline profits 10-15% this fiscal as ATF costs, rupee pressure bite: Report
Operating profits of Indian airlines are expected to decline 10-15 per cent this fiscal year as elevated aviation turbine fuel (ATF) prices, airspace restrictions and rupee depreciation caused by the Middle East conflict weigh on the sector, a Crisil report said on Wednesday.
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timesofindia.indiatimes.com
Middle East conflict to cut airline profits 10-15% this fiscal as ATF costs, rupee pressure bite: Report
Operating profits of Indian airlines are expected to decline 10-15 per cent this fiscal year as elevated aviation turbine fuel (ATF) prices, airspace restrictions and rupee…
- ·
economictimes.indiatimes.com
Airlines may fly low this fiscal
Indian airlines face a profit drop this financial year. Higher fuel prices, airspace limits, and a weaker rupee are increasing costs. Fleet expansion will also raise lease…