Indian airlines and airport operators are swinging back to profit after a challenging two years when the pandemic sapped demand for air travel.
Among those scoring a turnaround is the state-run Airports Authority of India (AAI), which expects to report a net profit of ₹1,900 crore for FY23, mirroring the success of airlines in the third quarter.
IndiGo, India’s largest airline by market share, has announced record profit, and privately-held Vistara said it has broken even for the first time since inception. SpiceJet Ltd also unexpectedly reported a fourfold jump in net profit to ₹106.8 crore. AAI’s profit surge is being aided by the better performance of privately run Delhi and Mumbai airports that share a certain percentage of revenues with the state-owned airport operator.
Diese Geschichte stammt aus der March 04, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der March 04, 2023-Ausgabe von Mint Mumbai.
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