₹38,000 cr expected loss for airlines in India in FY27: ICRA

ICRA has revised its FY27 outlook for Indian aviation, projecting industry losses of ₹36,000-38,000 crore due to a weaker rupee, high fuel costs, rising lease expenses, and the impact of the West Asia conflict. Slower passenger growth and aircraft availability issues are adding to the pressure. While long-term demand remains strong, airlines face a challenging year.