Mumbai: Domestic carriers are expected to post losses to the tune of $1.3-1.4 billion this fiscal amidst an expected increased costs and other factors, according to a report slated to be released next month.
"The structural viability of airline business models will continue to face pressures with costs expecting to increase and yields likely to remain soft with new entrants coming into the market," Sydney-based aviation think-tank Centre for Asia Pacific (CAPA) said in its FY2015 outlook, which is slated for release next month.
In the face of it, combined airline losses are expected to reach $1.3-1.4 billion in FY2015, it said adding in the last seven years accumulated losses have reached $10.6 bil'lion.
28/06/14 daijiworld.com
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"The structural viability of airline business models will continue to face pressures with costs expecting to increase and yields likely to remain soft with new entrants coming into the market," Sydney-based aviation think-tank Centre for Asia Pacific (CAPA) said in its FY2015 outlook, which is slated for release next month.
In the face of it, combined airline losses are expected to reach $1.3-1.4 billion in FY2015, it said adding in the last seven years accumulated losses have reached $10.6 bil'lion.
28/06/14 daijiworld.com
