{"id":10931,"date":"2023-12-16T12:59:45","date_gmt":"2023-12-16T09:59:45","guid":{"rendered":"https:\/\/aviation-news.info\/?p=10931"},"modified":"2023-12-16T12:59:45","modified_gmt":"2023-12-16T09:59:45","slug":"grounded-fleet-could-cost-airlines-400-mn-in-revenue","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=10931","title":{"rendered":"Grounded fleet could cost airlines $400 mn in revenue"},"content":{"rendered":"<p>Air aviation news- Indian carriers could incur costs of $100-160 million every month and a revenue loss of $280-400 million every four weeks for the grounded fleet for want of spare parts or engine replacements.<\/p>\n<p>According to research and consultancy firm CAPA\u00a0<a id=\"event-\" class=\"ie-click-event\" href=\"https:\/\/www.financialexpress.com\/india-news\/\" rel=\"noamphtml\" data-post-id=\"event-\" data-event-category=\"Keyword_To_URL_widget\" data-event-action=\"click\" data-event-label=\"Desktop_3340107\">India<\/a>, the country is going to be the most severely hit country as the majority of the country\u2019s fleet is powered by Pratt and Whitney\u2019s GTF engine, used by the nation\u2019s largest\u00a0<a id=\"event-\" class=\"ie-click-event\" href=\"https:\/\/www.financialexpress.com\/jobs-career\/\" rel=\"noamphtml\" data-post-id=\"event-\" data-event-category=\"Keyword_To_URL_widget\" data-event-action=\"click\" data-event-label=\"Desktop_3340107\">carrier<\/a>\u00a0<a id=\"event-\" class=\"ie-click-event\" href=\"https:\/\/www.financialexpress.com\/market\/interglobe-aviation-ltd-share-price\/\" rel=\"noamphtml\" data-post-id=\"event-\" data-event-category=\"Keyword_To_URL_widget\" data-event-action=\"click\" data-event-label=\"Desktop_3340107\">IndiGo<\/a>.<\/p>\n<p>CAPA India estimates suggest a revenue opportunity loss of $1.4-2 million per aircraft per month and monthly expense of $0.5-0.8 million per aircraft. These costs are driven by maintenance, employee expenses and lease rentals and other operating expenses.<\/p>\n<p>By March 2024, IndiGo\u2019s total number of grounded planes could be in excess of 90, while that of Air India could be 25-30.<\/p>\n<p>SpiceJet\u2019s 27 planes could be grounded in the same month. Troubled airline Go First\u2019s fleet of 54 is not expected to take to the skies.<\/p>\n<p>Of Indian carriers\u2019 estimated fleet of 789 aircraft by March 2024, the grounded fleet is expected to be around 200 and operational fleet would be 588.<\/p>\n<p>Anant Singhal, team leader, consulting and research, CAPA India, said, \u201cBy the second quarter of the next fiscal, an additional 30-35 GTF-powered aircraft may have to be grounded.\u201d<\/p>\n<p>\u201cThese persistent supply chain issues may impact new inductions that are expected in 2025, which may lead to lack of India\u2019s operational fleet,\u201d Singhal added.<\/p>\n<p>The standard cost for any airline on a monthly basis consists of $350,000 of rental costs, maintenance cost of $350,000, staff cost of $200,000 and other operating costs of $100,000, totaling to $1 million.<\/p>\n<p>For a grounded aircraft, the maintenance cost comes down to $150,000 and revised total is $0.8 million. For a grounded fleet with replacement capacity, the total comes to $0.5 million per aircraft.<\/p>\n<div class=\"wp-block-ie-network-blocks-also-read undefined ie-network-also-read\"><span class=\"heading\">ALSO READ<\/span><\/p>\n<div><a class=\"ie-click-event\" href=\"https:\/\/www.financialexpress.com\/business\/airlines-aviation-delhi-airport-implements-measures-to-decongest-and-enhance-passenger-experiencenbspjyotiraditya-scindianbspunveils-strategic-upgrades-key-details-3339863\/\" target=\"_blank\" rel=\"noopener\" data-event-category=\"as_also_read\" data-event-label=\"https:\/\/www.financialexpress.com\/business\/airlines-aviation-delhi-airport-implements-measures-to-decongest-and-enhance-passenger-experiencenbspjyotiraditya-scindianbspunveils-strategic-upgrades-key-details-3339863\/\">Delhi Airport implements measures to decongest and enhance passenger experience;\u00a0Jyotiraditya Scindia\u00a0unveils strategic upgrades \u2013 Key details<\/a><\/div>\n<\/div>\n<p>India is highly dependent on narrow body aircraft, and particularly re-engined aircraft, for planning induction. The financial impact at a very conservative level is $6 million per aircraft per annum, which could be offset by compensation partially.<\/p>\n<p>\u201cThe operation impact is already visible with increasing cancellations, network adjustments and deteriorating on time performance,\u201d CAPA India said in a note.<\/p>\n<p>The number of operational aircraft will go down following the guidance issued by\u00a0<a id=\"event-\" class=\"ie-click-event\" href=\"https:\/\/www.financialexpress.com\/market\/\" rel=\"noamphtml\" data-post-id=\"event-\" data-event-category=\"Keyword_To_URL_widget\" data-event-action=\"click\" data-event-label=\"Desktop_3340107\">market<\/a>\u00a0leader IndiGo, which has warned about more aircraft being grounded in the January-March quarter due to Pratt &amp; Whitney engine issues. Already 40 to 50 of its planes are grounded.<\/p>\n<p>source:<a href=\"https:\/\/www.financialexpress.com\/business\/airlines-aviation-grounded-fleet-could-cost-airlines-400-mn-in-revenue-3340107\/\"> https:\/\/www.financialexpress.com\/business\/airlines-aviation-grounded-fleet-could-cost-airlines-400-mn-in-revenue-3340107\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Air aviation news- Indian carriers could incur costs of $100-160 million every month and a revenue loss of $280-400 million every four weeks for the grounded fleet for want of spare parts or engine replacements. According to research and consultancy firm CAPA\u00a0India, the country is going to be the most severely hit country as the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":10932,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[96,102],"tags":[],"class_list":["post-10931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation-world","category-featured-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Grounded fleet could cost airlines $400 mn in revenue - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=10931\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grounded fleet could cost airlines $400 mn in revenue\" \/>\n<meta property=\"og:description\" content=\"Air aviation news- Indian carriers could incur costs of $100-160 million every month and a revenue loss of $280-400 million every four weeks for the grounded fleet for want of spare parts or engine replacements. 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