Indian airlines are projected to face a massive net loss of ₹36,000 to ₹38,000 crore in the current fiscal year, according to ICRA. This is a significant spike from earlier estimates of ₹11,000-₹12,000 crore. Factors contributing to this financial strain include high crude oil prices due to Middle East conflicts, a weakening rupee against the dollar, and rising operational costs. Passenger growth estimates have also been revised downward for both domestic and international segments. https://sambad.in/business/airlines-will-suffer-losses-of-rs-38000-crores-12113110 #creator program