India's Airline Losses to Widen Despite Passenger Surge

06 Jun 2024 CW Team

Losses for India's airline industry are anticipated to increase to between $400 million and $600 million in fiscal 2025 as rising costs overshadow the growth in passenger demand, according to a report from leading aviation consultancy CAPA India released on Wednesday.

CAPA India projected losses for fiscal 2024 at $300 million to $400 million. The consultancy also forecasts a 1% rise in yields?the average fare per passenger per kilometer?for the current year.

However, airline costs are expected to increase by 3.8% in fiscal 2025, further straining the industry. Despite these financial challenges, India's aviation market remains the fastest-growing globally, with demand exceeding the available supply of aircraft.

The Indian airline market is primarily dominated by low-cost carrier IndiGo, which holds a 60% market share. The Air India group, which includes two budget airlines and two full-service carriers, accounts for roughly 30% of the market. Other key players include the new low-cost carrier Akasa Air and SpiceJet.

CAPA India also estimated that domestic passenger traffic will grow from approximately 154 million to between 161 million and 164 million. International passenger traffic is expected to rise to between 75 million and 78 million.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..