No smooth landing: ICRA sees Indian airlines' losses widening up to ₹38,000 crore in FY27
India’s aviation sector faces a grim outlook, with ICRA projecting net losses to skyrocket to ₹36,000-38,000 crore in FY27. This sharp revision stems from a weaker rupee, soaring fuel costs, higher aircraft lease rentals, and subdued passenger demand, exacerbated by…
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