India’s airlines are finding themselves deep in the red after the dual headwinds of Covid disruption and high fuel prices sent the industry into a tailspin.
According to a study by market research firm CRISIL, the three top Indian carriers, IndiGo, SpiceJet and Air India, are expected to see a combined net loss of over Rs200bn (US$2.7bn) – the worst ever – in the fiscal year ending 31 March.
This is 44% …

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Source: The Loadstar