Recent years have seen consolidation in the airline sector, resulting in lower competitive intensity and healthier yields. With passenger traffic also surpassing pre-pandemic levels, operating profitability, too, has improved sharply this fiscal.
Meanwhile, sizeable fleet additions are underway, requiring substantial investments. This raises questions around demand and supply over the medium to long term. While near-term demand remains strong, how long will it sustain?
Also, will domestic carriers be able to garner a higher share of international traffic?
Then there are questions around adequacy of aviation infrastructure to support demand and fleet addition, and the ongoing issues related to aircraft engines and risk of higher groundings.
Besides, how would high aviation fuel prices impact the outlook on profitability? Combined with the demand outlook and fleet addition, how would this translate into cash accruals of the industry?
In this milieu, CRISIL Ratings is organising a webinar on the airline industry, titled 'Towards clearer skies' where its experts will present insights on:
Sectoral trends
Demand-supply dynamics
Operating parameters and industry outlook
Revenue and profitability of branded hotels
Capital expenditure trends
Credit outlook
This will be followed by a panel discussion with industry experts and a Q&A session.
Disclaimer: This event and its content are intellectual property and confidential information of CRISIL. Any use of the same without written permission of CRISIL is illegal and hence punishable. Recording the webinar in any form in full or part or copying, altering, distributing or streaming the webinar is strictly prohibited and violation will attract legal action.
