Four leading private airlines set to achieve Rs 1,120-cr profit this fiscal: Capa

New Delhi: India's four leading private airlines Indigo, SpiceJet, GoAir, Jet Airways and JetLite are estimated to have clocked a profit of around Rs 224 crore during the first quarter of this fiscal and are on track to achieve Rs 1,120-crore profit for the full year, according to the latest Centre for Asia Pacific Aviation (Capa) India report. The report does not include the financial performance of Kingfisher as the "uncertainty regarding the scale of the Vijay Mallya-controlled airline's operations means that any outlook for the year's financials is very difficult to estimate and its full-year loss could be higher than expected".
Capa, an aviation industry think tank, has concluded that since most commercial airlines' underlying profits remained modest at best after excluding sale and leaseback of aircraft and other non-operating income during the peak travel quarter (April-June), which saw strong yield improvement, structural imbalances still remain.
25/08/12 SPS Pannu/Business Today

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Categories: GoAir Aug 2012, Indigo Airlines Aug 2012, Jet Airways Aug 2012, spicejet Aug 2012