Aviation

Cash balance of Indian airlines at dangerous levels: CAPA

DELHI

Indian airlines are expected to post lesser losses in 2014-15 than last year but their cash balances are at “dangerous levels”, being equivalent to less than three weeks’ revenue, an aviation consultancy said today.

“Airline cash balances are in some cases at dangerous levels”, with the Centre for Asia-Pacific Aviation (CAPA) estimating that Indian carriers together had USD 585 million worth of cash in hand, with an annual industry turnover in excess of USD 10 billion.

“This represents the equivalent of less than three weeks revenue,” latest CAPA India Aviation Outlook Report showed.

Read more at Economic Times

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