Mumbai: With their sustainability at stake, India's domestic airlines are expected to slash their combined debt to Rs.58,000-60,000 crore in 2015-16 from Rs.70,000 crore in 2014-15 on account of lower fuel prices, said a study by rating firm ICRA Ltd released on Wednesday.
The study cautioned that the survival of many airlines hinges on their ability to reduce debt through better operating performance or by way of equity infusion.
In financial year 2015-16, Brent crude fell 28.14%.
02/06/16 PR Sanjay/Mcclatchy/AviationPros
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The study cautioned that the survival of many airlines hinges on their ability to reduce debt through better operating performance or by way of equity infusion.
In financial year 2015-16, Brent crude fell 28.14%.
02/06/16 PR Sanjay/Mcclatchy/AviationPros
