While no-frill carrier SpiceJet registered a loss of Rs 2,798.2 crore in
2012-13, Jet's low-cost subsidiary JetLite recorded a loss of Rs 2,468
crore, Minister of State for Civil Aviation G M Siddeshwara said in
reply to a question.
Low-cost airline IndiGo earned a profit of Rs 7,958 crore while GoAir recorded a profit of Rs 851 crore, he said.
A major reason for the losses was the changing air transport environment dictated by the global economic scenario, forcing airlines to seek structural adjustments in order to survive, Siddeshwara said.
In India, important causes include the high and growing debt burden, higher operating costs, huge taxation on fuel, high airport charges and maintenance costs which were afflicting the airline industry, he said.
Air India's provisional losses in 2013-14 stood at Rs 5,389 crore, as the government was taking a number of measures to beef up its financial position, Civil Aviation Minister Ashok Gajapathi Raju said in reply to another question.
Read news in full 07/07/14 Jagran
Low-cost airline IndiGo earned a profit of Rs 7,958 crore while GoAir recorded a profit of Rs 851 crore, he said.
A major reason for the losses was the changing air transport environment dictated by the global economic scenario, forcing airlines to seek structural adjustments in order to survive, Siddeshwara said.
In India, important causes include the high and growing debt burden, higher operating costs, huge taxation on fuel, high airport charges and maintenance costs which were afflicting the airline industry, he said.
Air India's provisional losses in 2013-14 stood at Rs 5,389 crore, as the government was taking a number of measures to beef up its financial position, Civil Aviation Minister Ashok Gajapathi Raju said in reply to another question.
Read news in full 07/07/14 Jagran
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