Fuel, forex and conflict hit airlines: Domestic carriers’ profits may fall 15% this year

Indian airlines are bracing for a tough fiscal year with operating profits expected to decline by 10-15%, driven by escalating fuel costs, airspace restrictions, and a depreciating rupee, further strained by the Middle East conflict. While there's a glimmer of hope with potential fuel price moderation, the lingering impact of higher operational expenses and lease rentals continues to weigh heavily on the industry. This downturn underscores the sector's vulnerability to global economic and geopolitical shifts, highlighting the need for strategic resilience amid these persistent challenges.