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Friday July 4, 8:30 AMIndian Carriers Can Earn Profit Despite Fuel Prices: KPMGNEW DELHI, July 4 Asia Pulse - Airlines in India can become profitable and achieve breakeven despite rising fuel prices if they focus on improving efficiencies, processes and cost optimise their business operations, a study by research firm KPMG has said.Although high jet fuel price is affecting profitability of airlines, the study points out it is not possible for any airline in India to make profits within three years of starting operations as average airline break even based on prevalent capital expenditure typically occurs in a minimum of five to seven years of operations. Commenting on the aviation sector, KPMG Executive Director Raajeev Batra said, "The airline business today is one of the most complex industries. Its profitability, revenue and yield are predominately driven by economic and external factors." During the last financial year, both domestic and international passenger traffic in India registered a noteworthy increase. While the international passenger traffic grew at a rate of 15 per cent, the domestic air traffic rose at 23.8 per cent which led to aircraft movement. (PTI) |
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