Aviation funds crisis: Indian airlines need whopping Rs 35,000 crore capital
Aviation funds crisis: Domestic carriers, which are grappling with high fuel cost and falling rupee coupled with cut-throat competition, would require a massive capital infusion over the next three-four years, rating agency Icra said. Check out the state of aviation in India in brief:
Jet fuel price
35% - rise in the average jet fuel price during April-November this year over the same period last year. Image Source: Reuters
Fall in rupee
7.8% - fall in rupee against the US dollar during the same period. Image Source: Reuters
Combined net loss
Rs 3,640 crore - combined net loss reported by the three listed airlines in first half of this fiscal. Image Source: Reuters
The first half of fiscal 2019
Rs 20 crore per day - lot by three listed airlines during the first half of fiscal 2019. Image Source: Reuters
Fund infusion
Fund infusion would help bring down the high debt levels in the airline industry. Image Source: Reuters
Passenger load factory
Airlines are resorting to predatory pricing to maintain their passenger load factory. Image Source: Reuters
Addition of new aircraft
On the other hand, capacities are on the rise with addition of new aircraft. Image Source: Reuters