Airlines Gain Altitude, But Will Fly into Losses this Fiscal, Too: CRISIL
0 Lower domestic air traffic compared with pre-pandemic levels, together with high fuel prices and only a gradual recovery in international operations, mean airlines will continue to log net losses, though this will be 35-40% below the fiscal 2021 mark, at Rs9,500-Rs10,000 crore, says ratings agency CRISIL. A CRISIL Ratings study of the top three airlines, which account for about 78% of total passenger traffic, indicates second Covid-19 wave, and rising prices of aviation turbine fuel (ATF) hurting the carriers due to which their credit outlook remains negative. "A resurgence of Cov...