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Airlines may fly into a $600-mn loss: CAPA
Why is it in the news ?
- The Centre for Asia Pacific Aviation (CAPA) estimates a full-year loss of $500-600 million for Indian carriers.
- It had earlier predicted a profit of $500700 million for Indian airlines.
- CAPA is an aviation consultancy.
Concepts
- Why Loss?
(1) It is primarily due to a sharp fall in airfares on some of the most profitable routes as the airlines mounted additional capacity in a bid to capture coveted airport slots owned by the now defunct Jet Airways.
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