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ICRA AIRLINES
No smooth landing: ICRA sees Indian airlines' losses widening up to Rs 38,000 crore in FY27India's aviation sector faces a grim outlook, with ICRA projecting net losses to skyrocket to ₹36,000-38,000 crore in FY27. This sharp revi...- 'Nobody will fly': India's plane versus train battle gets a twistIndia's Railway Minister said upcoming bullet trains will dominate short-haul routes like Mumbai-Pune and Bengaluru-Chennai, mirroring glob...
- India's domestic air passenger traffic grows 1.4 pc to 1,677.4 lakh in FY26: ReportIndia's domestic air travel saw a 1.4 percent rise in FY26, carrying 1,677.4 lakh passengers. March 2026 traffic also increased by 1 percen...
- The energy shock at 35,000 feet is burning a hole in your pocketAs aviation fuel prices reach a new high globally, the airline industry is feeling the crunch, with ticket prices climbing and schedules be...
- ICRA revises aviation outlook to Negative amid West Asia tensions, weak rupee, fuel costsIndia's aviation sector faces a negative outlook. Geopolitical tensions, a weaker rupee, and higher fuel costs are increasing pressure on a...
- Indian airlines expected to report net loss of Rs 5,000-7,000 crore in FY24: ICRAThe airlines have improved the cost of available seat kilometre to the cost of available seat kilometre (RASK-CASK) spread through better p...
- Domestic aviation industry on recovery path; passenger traffic 60% higher in FY23Despite remaining 4% below pre-pandemic volumes of 14.15 crore, domestic air passenger traffic has increased by almost 60% YoY, logging in ...
- Domestic air passenger traffic touched 1.25 crore in January: IcraIcra is maintaining a negative outlook on the Indian aviation industry, reflecting the view that the financial performance of Indian airlin...
- Elevated ATF prices, rupee depreciation likely to pose threat to domestic carriers' recovery: ReportAn area of concern remains the ATF prices, which surged by around 77 per cent Y-o-Y in August, given the elevated crude oil prices due to g...
- UDAN scheme: only 47% of total routes operational, COVID to impact scheme furtherRating agency ICRA in its report on Tuesday said that there is likely to be a further delay of two years in achieving the target of operati...
- Indian aviation industry to report net loss of Rs 21,000 crore in FY21: ICRAICRA predicts that the ongoing increase in the number of infections, and expectations of non-availability of a vaccine on a wide scale unti...
- Some domestic airlines are facing existential crisis: ICRAMany airlines have already started undertaking salary cuts for their employees, including leave without pay and laying off pilots and crew ...
- Icra assigns negative outlook to domestic airline industry"The strong passenger demand is offset by capacity additions leading to intense competition and continued pressure on yields," it said.
- ICRA cuts ratings on IndiGo loan facilitiesICRA downgraded the long-term rating to A+ from AA and reaffirmed the short-term rating of A1 on the loan facilities.
- Jet Airways tanks 7% as ICRA downgrades long-term loansThe stock fell 7.36 per cent to hit a low of Rs 182.60 on BSE.
- Domestic airlines to trim losses by upto 90% this fiscal:IcraThe projections, however, do not include the financials of full-service carrier Vistara and budget airline AirAsia India.
- GST won't have major impact on air passenger growth: ICRAGST on the economy class air travel has been finalised at 5%, which is 100 basis points lower than the existing service tax rate while the ...
- ICRA upgrades Jet Airways to investment gradeCredit rating agency ICRA, an affiliate of Moody's, has assigned an investment grade rating (BBB-) to Jet Airways, the airline said.
- Jet Airways executives to meet Icra following downgradeJet Airways executives are expected to meet the domestic rating agency Icra tomorrow following a downgrade of its debt rating after the air...
- Jet Airways shares hit air pocket, slump 5 per cent on Icra ratings downgradeDuring the day, the scrip declined by 5.13 per cent to Rs 232. At the NSE, the airline's scrip fell by 4.86 per cent to Rs 232.80.
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