Current competitive dynamics of the Indian aviation industry are not aligned with a profitable structure, market advisory CAPA said Tuesday.
The Centre for Asia Pacific Aviation (CAPA) in its outlook for Indian aviation market for the next fiscal also pointed out that a clear long-term strategy is not visible for some carriers. The outlook has come at a time when major Indian airlines have reported a sharp drop in their profits.
Budget carrier SpiceJet on Monday reported a massive 77 per cent fall in its net profit at Rs 55 crore owing to higher aviation fuel cost and rupee depreciation. Read More