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INFRA, PLANNING NEEDED FOR INDIAN AVIATION TO SOAR
October 30, 2024
|The New Indian Express
INDIGO Airlines' big net loss of ₹987 crore in the June- September quarter has taken India Inc by surprise. India's largest airline, which has been profitable in the last seven quarters, was expected to turn in a modest profit in view of its near-monopoly, stable aviation fuel prices and rising passenger numbers.
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In their conversations with investors, IndiGo officials highlighted local factors like the grounding of around 70 aircraft of a fleet of 350 due to issues with the Pratt and Whitney engines. This in turn has forced IndiGo to lease a large number of planes at a high cost. However, the plummeting bottomline draws attention to the serious challenges the aviation sector faces in the country.
Considering the rise in income levels and soaring air traffic, aviation should not be a troubled industry. Operational airports have doubled over the last decade to 157 in 2024.
هذه القصة من طبعة October 30, 2024 من The New Indian Express.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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