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Fuel, forex and conflict hit airlines: Domestic carriers’ profits may fall 15% this year
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Indian airlines anticipate a 10-15% drop in operating profits this fiscal year. Soaring aviation fuel prices, airspace limitations, and a weakening rupee, exacerbated by the Middle East conflict, are significantly impacting the sector. Despite potential fuel price moderation, higher costs and lease rentals will continue to pressure airline finances. What's Your Reaction?
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