Domestic carriers need Rs 35,000 crore capital

Domestic carriers, which are grappling with high jet fuel cost and falling rupee coupled with cut-throat competition, would require a massive capital infusion over the next three-four years, rating agency Icra said

35% – rise in the average jet fuel price during April-November this year over the same period last year

7.8% – fall in rupee against the US dollar during the same period

Rs 3,640 crore – combined net loss reported by the three listed airlines in first half of this fiscal

Rs 20 crore per day – lost by three listed airlines during the first half of fiscal 2019

Fund infusion would help bring down the high debt levels in the airline industry

Airlines are resorting to predatory pricing to maintain their passenger load factors 

On the other hand,  capacities are on the rise with addition of new aircraft