Indian Airlines Likely to Post Loss of Over $600mn This Fiscal, Reveals CAPA Report

Indian carriers likely to post loss of over $600mn this fiscal, as per a CAPA report. 

 

COMPANIES

Indian airlines likely to post loss of over $600mn this fiscal.

A Bleak House: As per a report by aviation consultancy CAPA, Indian carriers are estimated to report a consolidated net loss of over $600mn (c. INR4,230cr) in 2019-20. 

 

Flip Flop: CAPA has revised its earnings estimate for Indian carriers from its June forecast of $500-700mn in profit, following weak results by market leader IndiGo and SpiceJet.

 

In its quarterly market update report on aviation outlook FY2020, CAPA India said it is the “most significant downgrade within one quarter in more than 16 years”. Hindu BusinessLine

RBI discusses policy framework for cooperative banks, NBFCs. 

Thinking Over: The Central Board of Reserve Bank of India in its meeting on Friday discussed the policy for cooperative banks and non-banking financial companies (NBFCs).

 

The board's discussions focussed on issues related to urban cooperative banks, extension of enforcement policy and framework to cooperative banks and NBFCs, the RBI said in a statement. Business Today

FIN.

Hand-curated Business News from Top Publishers & Platforms, Richly Crafted to Fit into One Wholesome Email. Subscribe Now to receive a nuanced 360 Degree account of key events from the World of Business and Finance every day.