CAPA India expects private Indian carriers to report USD350-400 million profit

In its 2011/12 aviation industry outlook to be released next week, CAPA India projects that the country's private carriers will post a combined profit of US$350-400 million for the financial year ending 31 March 2012. However, state-owned Air India is expected to remain in the red with losses in the range of US$1-1.25 billion, assuming an average oil price of US$85-95 per barrel. The report also predicts India's carriers will raise US$1.5 billion in equity and order up to 200 new aircraft in 2011/12.