'Domestic airlines may have suffered Rs 10,000 crore losses in FY13'

Panaji: The domestic airlines industry is estimated to have posted losses to the tune of over Rs 10,000 crore in the previous fiscal, nearly 18 per cent down from a year ago, according to a report.
"Capa estimated India's airlines industry posted a combined loss of Rs 105 billion in the FY13, down from the approximately Rs 127 billion the previous year," aviation think-tank Centre for Asia Pacific Aviation (Capa) airlines IT services provider SITA said in a report.
The report was released during the day-long Aviation ICT Forum 2013 here.
Observing that more than 40 per cent of these losses were incurred in the last quarter of 2012-13 fiscal alone, the report said, "This squandered the improved performance of the earlier three quarters."
Read News In Full 26/09/13 PTI/Economic Times