Mumbai: Domestic carriers, including Jet Airways and SpiceJet, may report yet another quarter of losses for October-December, 2013, owing to high operational costs and high discounting of fares.
According to a latest report by Center of Asia Pacific of Aviation (Capa), the total estimated losses for domestic carriers are expected to be Rs 1,065-1,600 crore, despite the third quarter being the strongest quarter traditionally for airlines on account of festive period.
In September 2013 quarter, Indian airlines collectively lost over $500 million (Rs 3,000 crore).
As per the estimates, Jet Airways may report a loss of Rs 400-500 crore, while SpiceJet may witness a loss of Rs 170-215 crore in the December quarter.
Air India may post a loss of Rs 900-1,100 crore during the period.
18/01/14 Yuga Chaudhari/Daily News & Analysis
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According to a latest report by Center of Asia Pacific of Aviation (Capa), the total estimated losses for domestic carriers are expected to be Rs 1,065-1,600 crore, despite the third quarter being the strongest quarter traditionally for airlines on account of festive period.
In September 2013 quarter, Indian airlines collectively lost over $500 million (Rs 3,000 crore).
As per the estimates, Jet Airways may report a loss of Rs 400-500 crore, while SpiceJet may witness a loss of Rs 170-215 crore in the December quarter.
Air India may post a loss of Rs 900-1,100 crore during the period.
18/01/14 Yuga Chaudhari/Daily News & Analysis
