Air­lines ex­pected to book ` 81 bn profit in 2016: CRISIL re­port

Cargo Talk - - Report -

Crisil Re­search in a re­port said it ex­pects do­mes­tic car­ri­ers to post an op­er­at­ing profit of ` 81 bil­lion in 2016, a com­plete ‘U-turn’ from the ` 15 bil­lion loss posted in 2014. “How­ever, Air In­dia, Jet and Spice­Jet will have to wait re­cap­i­tal­i­sa­tion of a whop­ping ` 350 bil­lion in or­der to achieve net profit,” the re­search agency added.

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