ICRA’s Indian Aviation Industry Report estimates industry losses at ₹170–180 billion in FY2026, with only partial recovery to ₹110–120 billion in FY2027. The report notes that “adverse currency and fuel price movements” are driving stress. With rising costs and geopolitical disruptions, ICRA has shifted the sector outlook from stable to negative, signalling prolonged financial pressure.
Rahul Bhadana is a digital editor at TravTalk with experience spanning multiple content niches, with a strong focus on travel trade journalism and digital publishing. A graduate of Delhi University, his work covers editorial writing, content strategy and platform-led storytelling, supporting TravTalk’s digital growth and industry engagement. A technology enthusiast, he enjoys films, poetry and exploring new ideas across media and culture.