Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2012        Go!    
 
 
June 29, Thursday 2017 9:22 AM       

       HEADLINES: Attack on actress: Govt is with the victim, says Kodiyeri                                              Pulsar Suni hid phone in kitchen                                              Loknath Behera appointed state police chief                                              Half done things will be completed, says Behera                                              There are no known criminals in film industry: Innocent                                              Operations at Jawaharlal Nehru port in Mumbai hit by ransomware                                              Aadhaar-PAN linking must from July 1, govt notifies rules                                              Junaid Khan lynching: Four more including 50-yr-old arrested                                              Iran accuses US of 'brazen' plan to change its govt Advertisement                                              Modi world's most important PM: Israeli daily                                              Modi, Trump meeting a 'tremendous success': US experts                                              Need to be consistent to win big events, says Prannoy                                              FIFA discloses damaging Qatar World Cup bid report                                              Federer poised for record Wimbledon triumph                                              Anyone can apply: Ganguly on Shastri                                              Kaumudi Facebook
       BUSINESS Next Article: IIP bounces back in Jan, expands by 2.7 pc  
       Despite bottom line pressure, FY17 to be the best for airlines
 
         Posted on :08:16:42 Mar 14, 2017
   
A A
       Last edited on:08:16:42 Mar 14, 2017
         Tags: Despite bottom line pressure, FY17 to be the
 
MUMBAI: Airlines are likely to close the outgoing financial year with 22-23 per cent traffic growth, making it one of the best for the sector, even though the pressure on their bottom line is increasing as oil prices are on a northward-ho, says a report.
 
"Airlines are maintaining healthy load factors backed by low fares. But since oil prices are on an uptrend, impact on profitability in Q4 is inevitable as average ATF price during the quarter are 37.9 per cent higher YoY, while the yields continue to remain under pressure," says an Icra report.
 
The fuel cost per ASKM increased to Rs 1.16 in January from a low of Rs 0.82 a year ago, and the same is expected to increase further in February and March, according to Icra.
 
Backed by competitive pricing, the industry reported stellar passenger load factor of 84.4 per cent during the first 10 months of the year, which is also one of the best amongst the key markets in the world. The PLF stood at 88.3 per cent in January.
 
The aviation industry has reported YoY passenger traffic growth of 23.2 per cent during the first 10 months of the current financial year and is heading towards completing one of the best years in terms of passenger traffic growth, says the report.
 
The domestic passenger growth for last five years stood at 12.9 per cent, 5.3 per cent, 4.6 per cent, 15.5 per cent and 22.1 per cent, and the industry is likely to surpass the last year growth rate, making the domestic market the fastest growing in the world.
 
In January, traffic growth rose to healthy at 25.3 per cent, while the international traffic growth was moderate at 8.8 per cent. For the full year till January however this is the highest in world with 17.8 per cent growth in traffic.
 
The industry capacity, measured in available seat kilometres or ASKMs, reported 20.6 per cent YoY growth during the first 10 months of the year. Except Air Costa and Air Pegasus (which halted operations since August 2016), all the airlines reported capacity growth during the year.
 
Indigo continued to enjoy the leadership position with a market share of 40.1 per cent in the first 10 month fiscal 2017. This is the fifth year of market leadership for the airline as well as the first airline to achieve 40 per cent market share in the past eight years.
 
While Jet Airways and Air India continue to concede market shares, the new players Vistara and AirAsia, have reported gradual expansion in their market shares to 2.7 per cent and 2.5 per cent respectively, during the first 10 months of the year.
A A
       BUSINESS
Next Article: IIP bounces back in Jan, expands by 2.7 pc
 
 
BUSINESS HEADLINES
Mukesh Ambani draws salary of Rs 15 cr for 9th year in a row  
'Govt won't hike PDS foodgrain prices for another yr'  
EU fines Google $2.72 bn for breaching antitrust rules  
Sensex drops most in one month, banks take a beating  
Sensex, Nifty take a selling hit, reverse gear  
EU to slap Google with record fine this week: sources  
Kerala govt investing Rs 50,000 cr on infra projects: Issac  
AI privatisation welcome but clear salary dues first: Pilots  
Rupee halts 3-day slide v/s USD; up 7 paise at 64.52  
Spice GST Suvidha provider is all geared up for July 1st  
Sensex tumbles 153 pts on profit-booking  
Sensex hits all-time high of 31,522  
RBI to keep rates unaltered in near term: D&B  
Sensex surrenders record gains on GST blues, mixed global cues  
GST to be rolled at midnight June 30: Jaitley  
India plans SAARC meet for startups: Nirmala  
Rupee gains 11 paise against dollar, stocks play anchor  
"Rs 700 cr worth of Momentum Jharkhand proposals implemented"  
JK govt to seek complete consensus before GST implementation  
Mobile data consumption rose 142% in last 3 yrs: Kant  
Gold loses sheen on weak global cues, muted demand  
Rupee opens lower by 15 paise against dollar  
Nifty ends below 9,600 post Fed rate hike  
Paytm, 1mg offer discounts ahead of GST  
Customers may get Rs 5,000 if int'l SIM card fails  
 
Do you think there is conspiracy against Dileep?
yes
 
no
 
don't know
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy