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

New Delhi, March 20 Indian airlines are projected to record a consolidated loss of USD 1.6 to 1.8 billion in the next financial year, aviation consultancy CAPA India said on Monday. The full service carriers are expected to incur a...

PTI

Updated At : 04:39 PM Mar 20, 2023 IST

New Delhi, March 20

Indian airlines are projected to record a consolidated loss of USD 1.6 to 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 to 1.2 billion.

According to CAPA India, 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.

While announcing its outlook for 2023-24, CAPA India also said that more than 100 planes of various Indian carriers are on the ground due to supply chain and non-supply chain issues.