Icra sees Indian airlines’ net loss at ₹26K cr in FY222 min read . Updated: 01 Sep 2021, 12:44 AM IST
- Most airlines have initiated fund-raising plans to tide over the liquidity crisis stemming from the cash burn due to impact on demand and increase in ATF prices
NEW DELHI : Indian airlines are expected to report a combined net loss of ₹250-260 billion in FY2022, and would require additional ₹450-470 billion between FY2022 and FY2024 to sustain operations, credit rating agency Icra said in a statement on Tuesday.
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