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Domestic carriers have trimmed their combined losses by an estimated 30 per cent at $1.21-1.27 billion in fiscal 2015, while budget carrier IndiGo reported an estimated record $150-175 million profit during the period, according to CAPA report. Lower fuel prices have helped slash costs immeasurably.</br><br> 1. Combined estimated losses of the three full-service carriers — Air India, Jet Airways and newly-launched Vistara — stood at $1.28-1.31 billion during the period, with the government-owned Air India alone accounting for a whopping $900-920 million. India currently has nine airlines in the country. (Reuters)
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2. IndiGo is estimated to have posted a record profit of $150-175 million in FY2015, representing net margin of 8-7 per cent. (Reuters)
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3. GoAir is the only other carrier that is understood to have been in black with an estimated profit of $14-15 million, close to its peak results posted in FY 13. This result was achieved on a record revenue of $450-475 million. (Reuters)
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Budget 2016: Arun Jaitley's Budget announcements have made air travel expensive due to increase in excise duty on aviation turbine fuel (ATF) to 14 per cent from 8 per cent besides the additional levy of Krishi Kalyan cess.
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5. Among other carriers, Jet Airways along with its subsidiary JetLite posted losses to the tune of $343 million in the previous fiscal, while SpiceJet estimated losses stood at $107 million during the period. (Reuters)
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InterGlobe Aviation runs the country's biggest airline by market share under the IndiGo brand. (Reuters)
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7. CAPA has also forecast that the domestic carriers are likely reduce their combined losses by another 40 per cent at USD 680-750 by March 2016 on an expected USD 60-70 per barrel oil prices and dollar-to-rupee rate at 64-66 mark. (Reuters)
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7. With respect to the On Time Performance (OTP) of airlines in the domestic market computed from four airports of Delhi, Mumbai Hyderabad and Bangalore, full service airline Vistara, GoAir and Jet Airways occupy the first three positions in the list with 90.6%, 79.3% and 78.5% flights operating on time, respectively.(Reuters)
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9. This would result in international traffic growing to 54-55 million and domestic traffic increasing to 80 million, it said, adding domestic traffic may see a higher growth if airlines engage in “sustained aggressive” pricing. (Reuters)
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10. Projecting a relatively modest capacity growth, CAPA said around 22 narrow-body planes and 10-12 regional aircraft are scheduled to be delivered to the domestic carriers during the next fiscal. (Reuters)
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