Icra: Indian airlines benefit from low oil price

Analysts Icra have determined that Indian domestic airlines will be able to reduce their losses from around Rs 8,500 crore last year to around Rs 5,500 crore due to low crude oil prices, increases in efficiency and an increase in air traffic. The report from India rating agency Icra states that operating performance of the domestic airlines is likely to improve even though concerns on their structural viability still remain. “We expect the domestic airlines to continue to improve their performance in FY16 given the favourable jet fuel pricing environment. We expect their aggregate losses to further come down to