Indian carriers to report USD 1.6-1.8 billion consolidated loss in FY24: CAPA

Updated: Mar 20 2023 10:57PM

Indian carriers to report USD 1.6-1.8 billion consolidated loss in FY24: CAPA

New Delhi, Mar 20 (PTI) Indian airlines are projected to record a consolidated loss of USD 1.6-1.8 billion in the next financial year, aviation consultancy CAPA India said on Monday.

The full-service carriers are expected to incur a loss of USD 1.1-1.2 billion.

According to CAPA India's forecast for 2023-24, Indian airlines are estimated to have a net induction of 132 planes next fiscal and will take the total fleet of all carriers to around 816 aircraft.

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