New Delhi, Dec 23: Global ratings agency Fitch Ratings on Wednesday came out with a healthy earnings outlook for Indian airline sector in 2016. The bullish outlook for the Indian airline sector was disclosed in the global ratings agency’s report — ‘Improved Earnings Outlook Likely for Indian and South-East Asian Airlines.’ According to the report, the earnings outlook for Indian and south-east Asian airline sectors should improve on the back of higher demand, lower fuel costs and ongoing industry restructuring.
“Macroeconomic growth should help bolster demand and top-line growth for the region’s airlines, and data so far in 2015 is already showing strong demand growth,” the report said. (IANS)