Rs 30000000000: Indian aviation industry may lose huge amount of money due to..., no connection with recent Air India crash
The report said that companies may incur this loss due to the continuous increase in aviation fuel prices. During the financial year 2023-24, the companies had a net profit of Rs 1,600 crore. Also, the domestic air passenger traffic growth rate has declined to 7.6 percent. According to the report, the industry saw stable pricing power in FY 2025, stable yields and domestic air passenger traffic growth rate declined to 7.6 percent.
Domestic air passenger traffic in June grew 5.1 per cent year-on-year to over 1.38 crore, but declined marginally compared to May, it said in a report released on Friday, July 11. Domestic air passenger traffic estimated at 138.7 lakh in June 2025
Maintaining a stable outlook for the industry, ICRA said supply chain disruptions, including Pratt & Whitney engine problems, continue to impact capacity and costs. Domestic air passenger traffic was estimated at 138.7 lakh in June 2025, up 5.1 per cent from 132.1 lakh in June 2024.
However, it saw a marginal decline of 1.3 per cent on a sequential basis. Capacity deployment of airlines in June 2025 was 4.9 per cent higher than June 2024; however, it was 2.3 per cent lower than May 2025. How did India-Pakistan conflict affect Indian aviation industry?
The operating costs of the Indian aviation industry are likely to have increased over the past few months (due to flight cancellations and other operational challenges following the India-Pakistan conflict).
Rising crude oil prices (due to the Israel-Iran conflict), closure of airspace over Iran and Pakistan (for Indian carriers), likely increase in insurance premiums (after the recent plane crash) and possible hesitancy to travel – potential downside risks need to be monitored closely.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
6 minutes ago
- Business Standard
₹2.4 trn worth of housing plots launched in last 3.5 years: PropEquity
Housing plots worth ₹2.44 trillion have been launched in past three and half years because of higher demand post-Covid pandemic, according to PropEquity. Real estate data analytic firm PropEquity data showed that nearly 470,000 residential plots have been launched by developers between January 2022 and May 2025 across 10 tier-I and tier-II cities. These cities are Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur and Surat. "The estimated launch value of the residential plots in 10 tier I-II cities between 2022 and 2025 (May) is approximately ₹2.44 trillion," PropEquity Founder and CEO Samir Jasuja said in a statement on Tuesday. The demand for residential plots has risen in the past few years as this asset class is more liquid with potential of higher appreciation than apartments, he added. Jasuja said many prospective customers prefer plots as they desire to customise their living space. As per the data, the supply of residential plots in these 10 cities fell 23 per cent annually in 2024 to 1,26,556 plots from 1,63,529 plots in the preceding year. PropEquity said 45,591 residential plots have been launched during the the first five months of 2025. "For developers, plots generate quick cash flow as they involve faster sales and less upfront investment as compared to apartments," the company said. The weighted average launch price of residential plots in these 10 cities rose 27 per cent annually in 2024 to ₹3,679 per sq ft, which translates to ₹33,111 per square yard and Rs 39,586 per square metre. Commenting on the report, Kirthi Chilukuri, Founder and MD of Stonecraft Group, said, "The surge in plotted development across India's cities reflects a growing desire among people for ownership and personalisation." Yashank Wason, Managing Director, Royal Green Realty, said, "Indore's rise among the top three plotted development markets is a testament to its evolution into a dynamic real estate destination." Sam Chopra, President and Country Head, eXp Realty India, said the launch of 470,000 plots in these 10 cities in just over three years reflects a decisive shift in buyer behaviour, from built-up units to land ownership.
The Print
14 minutes ago
- The Print
Bihar Cabinet approves proposal of one crore jobs, employment opportunities
The CM on Sunday had announced that 'For the next five years (2025 to 2030), we are setting a target to double the 2020-25 goal by providing government jobs and employment opportunities to one crore youth. To achieve this, new job and employment opportunities will also be created in the private sector, particularly in industrial areas. For this purpose, a high-level committee is being constituted. The Cabinet meeting on Tuesday, chaired by Chief Minister Nitish Kumar, approved the proposal of the Labour department in this regard and also decided to constitute a 12-member committee headed by the Development Commissioner to explore the possibilities and take decisions in this effect. Patna, Jul 15 (PTI) The Bihar Cabinet on Tuesday cleared a proposal of 'one crore jobs and employment opportunities' in the next five years. Soon after the Cabinet meeting, Additional Chief Secretary (Cabinet Secretariat) S Siddhartha told reporters, 'The state Cabinet on Tuesday approved the Labour department proposal to provide one crore jobs and employment opportunities to youth in the state in the next five years (from 2025-2030). The government has also decided to constitute a 12-member committee, headed by the chief secretary, for the same.' The cabinet also approved 30 proposals of different departments on Tuesday. The decision assumes significance ahead of the assembly polls due later this year. 'I am delighted to share that, so far, 10 lakh youth in the state have been provided with government jobs, and approximately 39 lakh people have been given employment, and the target of providing government jobs/employment to over 50 lakh youth will certainly be achieved. 'Currently, under the Saat Nischay programme, the youth of the state are being provided with skill development training to connect them with self-employment opportunities. In the next five years, the ongoing programme under Saat Nischay for youth skill development will be expanded,' the CM wrote on X on Sunday. The cabinet also approved more than Rs 179 crore for the maintenance of the priority corridor of metro rail which will become operational from August 15, 2025, in Patna. A proposal of sanctioning of more than 179 crore for the maintenance of the priority corridor of metro rail and Rs 21.15 crore for hiring three metro car single sets on rent were also approved by the cabinet. The three-coach train set will run on a 6.49-km elevated section between Malahi Pakri and the New ISBT, a priority corridor designed to serve one of the busiest traffic zones in the city. PTI PKD RG This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
17 minutes ago
- News18
ED Raids In Mumbai: What Is Dabba Trading? How ‘Black Market Version Of Dalal Street' Operates?
Last Updated: ED raids in Mumbai in dabba trading, online betting case: Agency has seized Rs 3.3 crore cash, jewellery, imported cars, including a Mercedes, and a box full of luxury watches Mumbai's infamous money maze just got real. The Enforcement Directorate (ED) conducted searches at four locations across the city in connection with a major 'dabba trading' and online betting case. According to ED sources, it has already seized Rs 3.3 crore in cash, foreign currency, cash counting machines, jewellery, imported cars, including a Mercedes, and a box full of luxury watches. The searches started like any other quiet crackdown. However, behind the locked doors and encrypted servers, the ED unearthed a scandal straight out of a Bollywood thriller that is replete with flashy watches, high-end luxury cars, unaccounted cash, dark digital underworlds, and profit-sharing pacts carved out in percentages. The investigation uncovered a web of illegal dabba trading and online betting rackets operating from Mumbai, that is wired into wallets nationwide. What is dabba trading? In street speak or it is locally known, dabba trading is similar to stock market gambling minus the stock market. It is an informal way of trading, which is illegal and often turns out to be scams. There is official exchange, no regulator. It is just a parallel market where traders place bets on stock price movements, but without buying or selling a single share on record. Senior officers explain it as the black market version of Dalal Street. It is tax-free dealing with colossal risk and no existing digital footprint. This is seen as a dark digital world that has admins, not dons. Modus operandi: Click, bet, launder, repeat The ED's probe, initiated following a first information report (FIR) in Indore, revealed how tech replaced turf wars. Vishal Agnihotri, a digital kingpin, acquired 'ADMIN rights" of LotusBook—a betting platform—under a profit-sharing deal with almost a 5% cut. Stepping forward, the deals got murkier as he passed the reins to Dhaval Devraj Jain, handing over 4.875% while holding on to a neat 0.125% for himself. By doing this, he avoided being at the frontline. Together with John States alias Pandey (another scammer), Jain built a white-label betting empire, essentially franchised crime disguised as tech innovation. They floated several platforms IBull Capital Ltd, LotusBook, GamebetLeague, VMoney, VM Trading and so on. These are all betting platforms as dangerous as it is digital. From the illegal trading, the group enters Hawala circuit. Mayur Pandya, a hawala operator, orchestrated untraceable fund transfers, cash drops, and payouts, turning online gambling into an offline money tsunami. But he did everything from behind the curtain. From Indore FIR to Mumbai millions However, this did not begin like a Mumbai scandal. Instead, it is a national one. With FIR No. 0041/2025 filed at Lasudiya Police Station, Indore, under the new Bhartiya Nyaya Sanhita (Sections 319(2) and 318(4)), the ED is now peeling back layers of this pan-India racket. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
