Aviation

Airlines stare at losses, new players to fuel price war


MUMBAI
The airline industry in India will continue to incur losses, with four out of the five airlines e expected to report annual loss, as business environment continues to remain challenging.

The entry of new airlines during this year will make it more difficult for the incumbent airlines, whose finances have weakened further, said aviation consultancy Centre for Asia Pacific Aviation (CAPA) in a report.

As per CAPA, all airlines from India collectively lost over $500 million in the September, 2013, quarter. And despite the strong December quarter, the airlines are expected to report collective loss of $175-250 million, excluding one-off adjustments.

Full report here Hindu

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