Indian airlines likely to prune losses to Rs 3,000-5,000 cr this fiscal: ICRA

Indian airline industry expects to reduce net losses in FY2023 to Rs 3,000-5,000 crore from an estimated Rs 17,000-17,500 crore. ICRA predicts domestic air passenger traffic to grow by 8-13% in FY2024 and FY2025. The industry's net loss is projected to shrink to Rs 30-50 billion in FY2024 and FY2025. Air passenger traffic in...