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

16 Sep 2025

Automotive Skills MoU Aims to Train 5,000 Youth by 2028

The Automotive Skills Development Council (ASDC), the Federation of Automobile Dealers Associations (FADA Academy), and Prayaas Trust have signed a tripartite Memorandum of Understanding (MoU) to create a scalable, industry-aligned skill development framework for India’s automotive sector.The initiative aims to bridge skill gaps, provide inclusive employment, and empower economically marginalised youth. Training centres will expand from three to twenty nationwide, targeting 5,000 youth over three years, with 30 per cent of seats reserved for women.ASDC will lead the development and upgrading..

Engineers India Wins Rs 6.2 Billion Contract for Fertilizer Project

Engineers India rose 2.38 per cent to Rs 213.95 after securing a contract worth Rs 6.18 billion to provide project management consultancy (PMC) and engineering procurement and construction management (EPCM) services for a new fertilizer plant in Africa.The contract, awarded by an African-based fertiliser firm, covers comprehensive consultancy and engineering services for establishing the new facility. The project is scheduled for execution over a 24-month period, the company stated in a regulatory filing.While specific terms and conditions remain undisclosed due to confidentiality agreements, ..

PM Modi Visits Kolkata to Inaugurate Commanders’ Conference

Prime Minister Narendra Modi arrived in Kolkata on Sunday evening for a two-day visit during which he will inaugurate the 16th Combined Commanders’ Conference. This is the Prime Minister’s second visit to West Bengal, where assembly elections are expected early next year.Upon arrival at the airport, he proceeded directly to Raj Bhavan, where he will stay overnight. Defence Minister Rajnath Singh has also reached the city to attend the conference, which is set to begin on Monday. National Security Adviser Ajit Doval, Chief of Defence Staff General Anil Chauhan and Defence Secretary Rajesh K..