New Delhi, May
23:
In the 12
months ending March 31, 2013, Air India is once again expected to be the worst
performer in the industry and to report a loss of Rs 700 crore.
This has been
brought out in the report ‘India Outlook 2012/13' prepared by the Centre for
Asia-Pacific Aviation. The study shows that Kingfisher Airlines is projected to
lose Rs 120-140 crore, although the remaining four private carriers combined
could post a modest profit of approximately Rs 110 crore.
The estimates
are based on assumptions for the whole year of an average brent crude price of
$120-125 a barrel, and an exchange rate of Rs 51-52 to the dollar.
Advantage Jet
Airways
Although the
troubles facing Air India and Kingfisher Airlines have been positive for all of
the other carriers, Jet Airways has been, and will continue to be, the largest
beneficiary, the study states.
The study does
not rule out a temporary shut down in Air India. “The government appears to be
preparing to adopt a firm stance, limiting discussions with the unions and it
may not shy away from a watershed moment in the next 2-3 months after the
report is accepted by the Government, which could include a temporary shutdown
of the airline,” the study adds.
The study is of
the opinion that Kingfisher Airlines' revival is completely dependent on
foreign airline investment being permitted to invest in the domestic aviation
sector.
CAPA expects
Jet Airways could place a large narrow-body order for over 100 aircraft in
FY12/13 to meet both replacement and growth requirements.
http://www.thehindubusinessline.com/todays-paper/tp-economy/article3450022.ece
No comments:
Post a Comment