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ICRA AVIATION OUTLOOK
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...
Elevated energy prices to weigh on near-term credit conditions of Indian cos: Moody'sIndian companies face near-term credit challenges due to high energy prices. Geopolitical risks and trade developments also shape the corpo...
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...
Food, fuel prices push up March retail inflation to 3.4%India's retail inflation climbed to 3.4 percent in March. Higher food and fuel costs are driving this increase. Experts predict inflation c...
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' estimated losses may come down to Rs 11,000-12,000 crore next fiscal: ICRAIndian airlines anticipate reduced losses next fiscal year. Domestic air travel is set for growth, with passenger numbers expected to rise....
Supply chain challenges to hit aircraft deliveries for Indian airlines: ReportIndian airlines are facing supply chain challenges and engine failure issues, potentially impacting aircraft deliveries to domestic airline...
Domestic air passenger traffic rises about 23% to 1.24 crore in August: IcraIndia's domestic air passenger traffic in August increased by 23% compared to the previous year, reaching 1.24 crore. It was also 6% higher...
Domestic air passenger traffic to grow 8-13 pc this fiscal: ReportIcra in its report has predicted that domestic air passenger traffic in India will grow by 8-13% in the current fiscal year. The aviation i...
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...
India is flying high again: Domestic numbers touching pre-pandemic levelsIn terms of passenger revenue kilometres, the domestic aviation market was a mere 2.2 per cent shy of reaching pre-pandemic levels, shows a...
Domestic air passenger traffic projected at 1.19 crore in February, say IcraFor the first 11 months of the current fiscal, Icra said domestic passenger traffic is projected at around 12.29 crore, a y-o-y growth of a...
Domestic aviation sector outlook stable; losses to reduce next fiscal: ICRAWhile noting that the trend of passenger traffic is expected to continue in FY24, the agency said the industry has also witnessed improved ...
Domestic air passenger traffic grows 15 per cent in December"In the April-December period of the current fiscal, domestic passenger traffic is estimated at around 986 lakh, registering around 63 per ...
Indian aviation industry may incur losses worth Rs 26,000 crore in FY22, says new reportAccording to ICRA, in the near term, the balance sheets of Indian carriers will remain stressed until they are able to reduce their debt bu...
India’s recovery will be led by sectors such as ferrous and non-ferrous metals, auto and textiles: Moody’s and ICRA"A rising preference for personal mobility vehicles, along with the government's new voluntary vehicle scrappage policy, will support autom...
Pace of rating cuts up since March: IcraCredit rating agency Icra took 315 negative rating actions between March 1 and May 15, out of which 150 were downgraded.
Downgrades accelerated since March as India Inc deals with Covid shockIcra has a stable outlook for cement, contruction and downstream oil companies.
Aviation stocks plunge up to 10% on coronavirus jittersSpicejet stock cracked 6.06 per cent to a low of Rs 82.10.
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.