Congressional Panel Requests MoCA To Specify What ‘Reasonable Profit’ Is For Airlines

Although'reasonable profit' is one of the variables taken into account by airlines when determining tariffs, a parliamentary commission has noted that it lacks a clear definition. The Ministry of Civil…

Continue ReadingCongressional Panel Requests MoCA To Specify What ‘Reasonable Profit’ Is For Airlines

ICRA predicts that Indian airlines would post net losses of between INR 5,000 and 7,000 crore in FY24.

According to rating agency ICRA, Indian airlines forecast to see a substantial decline in net losses this fiscal, to INR 5,000–7,000 crore, as they continue to experience good passenger traffic…

Continue ReadingICRA predicts that Indian airlines would post net losses of between INR 5,000 and 7,000 crore in FY24.