{"id":27042,"date":"2022-09-08T12:02:16","date_gmt":"2022-09-08T06:32:16","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=27042"},"modified":"2022-09-08T12:02:19","modified_gmt":"2022-09-08T06:32:19","slug":"indian-aviation-industrys-fy23-net-loss-at-rs-15000-17000-crore","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2022\/09\/08\/indian-aviation-industrys-fy23-net-loss-at-rs-15000-17000-crore\/","title":{"rendered":"Indian aviation industry’s FY23 net loss at Rs 15,000-17,000 crore"},"content":{"rendered":"\n

This fiscal year, the Indian domestic aviation sector<\/strong> is anticipated to post a net loss of between Rs 15,000 and Rs 17,000 crore. <\/p>\n\n\n\n

This expected loss, according to a research by credit rating firm Icra, is a result of the high cost of aviation turbine fuel (ATF) <\/strong>and the depreciating value of the rupee.<\/p>\n\n\n\n

\"This<\/figure>\n\n\n\n

ATF makes up roughly 45% of an airline’s operating expenses in India. Additionally, 35\u201350% of an airline’s operating costs <\/strong>are denominated in US dollars, therefore a weak rupee has a sizable effect.<\/p>\n\n\n\n

The industry suffered losses of almost Rs 23,000 crore during the previous fiscal year. <\/p>

As of March 31, 2023, the industry is estimated to have debts of over Rs 1 lakh crore. <\/p>

Lease liabilities are among them. <\/p><\/blockquote>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The industry’s debt levels fell toward the end of FY22 as a result of a significant reduction in Air India Limited’s debt prior to its sale<\/strong>, and this is likely to result in a lower interest burden in FY23. <\/p>\n\n\n\n

The severe rivalry and airlines’ efforts to preserve and\/or grow their market shares will prevent a large increase in air fares, the agency stated, even though the civil aviation ministry abolished the fare limitations with effect from August 31. <\/em><\/p>\n\n\n\n

Stay Informed with us!<\/p>\n\n\n\n

Join our telegram group for Latest Aviation Updates :- https:\/\/t.me\/aviationa2z<\/p>\n","protected":false},"excerpt":{"rendered":"

This fiscal year, the Indian domestic aviation sector is anticipated to post a net loss of between Rs 15,000 and Rs 17,000 crore. <\/p>\n","protected":false},"author":2,"featured_media":27044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6761],"tags":[],"class_list":{"0":"post-27042","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"_links":{"self":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/27042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/comments?post=27042"}],"version-history":[{"count":1,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/27042\/revisions"}],"predecessor-version":[{"id":27045,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/posts\/27042\/revisions\/27045"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media\/27044"}],"wp:attachment":[{"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/media?parent=27042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/categories?post=27042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aviationa2z.com\/index.php\/wp-json\/wp\/v2\/tags?post=27042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}