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With Jet out of skies, sector may fly into profit

The exit of Jet Airways from the civil aviation scene has changed the outlook of the airline Sector from negative to positive, according to an aviation consulting firm.

In its latest forecast, the Centre for Asia Pacific Aviation (CAPA) revised its FY20 profitability outlook from a consolidated loss of $550- $700 million to a Profit of $500-$700 million for the sector.

“India’s leading airlines are expected to report record profits, while Air India could break even at a net level. Low cost carriers are likely to report a combined profit of $500-$700 million, of which IndiGo alone could account for $400-$500 million,” CAPA said in its Q1 Outlook.

It said while SpiceJet and GoAir will make profit, AirAsia India and Vistara could be close to break-even for the first time since they launched operations over five years ago. Read More

The post With Jet out of skies, sector may fly into profit appeared first on Defenceaviationpost.com.



This post first appeared on Defence Aviation News In India, please read the originial post: here

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