CAPA India, via its official Twitter account, stated (20-May-2018) it expects that Indian airline full year financial results for FY2019 relative to FY2018 will be impacted by rising fuel costs, weakened INR and aggressive capacity inductions. Revised projections will be released by Sep-2018. In Jan-2017, CAPA forecast Indian LCCs combined would report net profit of USD450 million to USD500 million in FY2018. Actual result is in line with estimates, likely to be close to USD450 million. Total industry financials (LCC+FSC) is also set to be within CAPA forecast of net loss of USD350 million to USD375 million.
CAPA India expects rising fuel, weakened Rupee, capacity to impact FY2019 results
22 May, 2018