Indian domestic airline industry to log over 20% operating profit in FY25: CRISIL Ratings ...Middle East

Chennai: Following a near tripling of operating profit in FY24, the domestic airline industry will see its operating profit to touch over 20% next fiscal, said credit rating agency CRISIL Ratings Ltd. “The domestic airline industry will see operating profit rise more than 20% next fiscal, after a near-tripling this fiscal, fuelled by a strong recovery in passenger traffic, ability to pass on volatile fuel prices to flyers, and reduced fluctuation in foreign exchange rates,” CRISIL Ratings said. This will support their credit metrics despite significant increase in debt expected through this and next fiscals to fund fleet additions. An analysis of three airlines, which account for two-thirds

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Last updated : 13 February 2024 clock 12:04 PM

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Indian domestic airline industry to log over 20% operating profit in FY25: CRISIL Ratings ...Middle East

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