Air India to cut international flights till July amid fuel surge, airspace curbs

[hussain0216]

Why is it big?

I thought you are in favour of cutting all ties with India.

So why does there need to be any water treaties between us or even a discussion on any issues like Kashmir or Siachen etc?

We don't need anything from you.

It is you who needs things from us.

The water flows into Pakistan, it's is a Pakistani river by right

All we want is for Indians to **** off and not mess around with Pakistans water supply, which we consider a act of war


Everything India does is needless stupidity, from needless opposing of partition, to trying to keep land and convincing Indian Muslims, Sikhs and others to get stuck into a hindutva state, to trying to mess about with river systems where water naturally flows into other countries


Indians are dip shits for some reason,

 

[Vikramaditya1]

There are plenty of studies on this including the IMF data rating for India's GDP, which is not strong, but if you don't want to listen then you don't want to listen.

Again the question is misrepresenting the benchmark for the majority of India's economic activity by individuals.

All based on data given by Indian Statistical Institute. Also there is no major misrepresentation, statistical adjustment are a common practice and GDP numbers are adjusted based on such rebasement. Significant shift? Yes, damaging? No.

The topic is the impact of airspace closure on the Indian aviation industry.

"Air India to cut international flights till July amid fuel surge, airspace curbs."

Then what is the debate, the financial statements reference excess costs from excess flying time from air closure. Do you need crayons or something?

Nobody is denying there is a loss, but people overestimate it. Is Pakistan indisputable for profitability of our airlines? No. Main driver of losses is fuel price and foreign exchange volatility. AI troubles are beyond some airspace closures. I don't need crayons, but if you have experience with it please do take them.

 

[nahtanbob]

You know diddly squat, going to the supermarket can cost you car fuel , does that mean you don't do

of course hedging has a cost, it's a financial instrument agreed between two parties, assessed on the current climate and expectations for the future

you think the counter party is unaware when they sign and agree on the hedge facility lol

is hedging is such a no-brainer as you claim, forget about Air India. larger entities like India and Pakistan will doing it

 

[r3alist]

All based on data given by Indian Statistical Institute. Also there is no major misrepresentation, statistical adjustment are a common practice and GDP numbers are adjusted based on such rebasement. Significant shift? Yes, damaging? No

You don't know what you mean to say, the question is not of rebasement it's about the indexing and choice of indexes for the informal sector estimates that boost the GDP value.
The fact that it came from within an Indian body is neither here nor there, the IMF has assessed the reliability of what they have provided.

As have other papers.

Nobody is denying there is a loss, but people overestimate it. Is Pakistan indisputable for profitability of our airlines? No. Main driver of losses is fuel price and foreign exchange volatility. AI troubles are beyond some airspace closures. I don't need crayons, but if you have experience with it please do take them.

Then that is fine, even I can only argue the toss so much, remember that when there are so many global factors another on top reduces your competitive advantage

 

[r3alist]

is hedging is such a no-brainer as you claim, forget about Air India. larger entities like India and Pakistan will doing it

Plenty of sovereigns do use hedging instruments and equivalent mechanisms, it's part of the embedded mechanics of financial management if you are exposed to global risks, how are you such a confident idiot

 

[AZ_HighCountry]

I'm not able to find an appropriate toilet meme at the moment but some of ya's have succeeded in just that.

 

[Vikramaditya1]

You don't know what you mean to say, the question is not of rebasement it's about the indexing and choice of indexes for the informal sector estimates that boost the GDP value.
The fact that it came from within an Indian body is neither here nor there, the IMF has assessed the reliability of what they have provided.

As have other papers.

Again, already addressed these problems when GDP was rebased. Government introduced new methodologies to calculate informal sector contribution. This reforms didn't make a major dent in our numbers rather a small percentage change. Which means the previous numbers weren't massively off the mark. They were structurally flawed sure, but directionally credible.

Then that is fine, even I can only argue the toss so much, remember that when there are so many global factors another on top reduces your competitive advantage

Yeah again thank you for stating the obvious. The thread should've started with that, instead we are here with fanboys thinking they did something with airspace closure that suddenly pulled AI into major losses.

 

[r3alist]

Again, already addressed these problems when GDP was rebased. Government introduced new methodologies to calculate informal sector contribution. This reforms didn't make a major dent in our numbers rather a small percentage change. Which means the previous numbers weren't massively off the mark. They were structurally flawed sure, but directionally credible

That says nothing for a more representative GDP approach, if the prior two decades of GDP values are not also corrected, updating the last figure just becomes the latest attempt at misleading

See below

India’s GDP Revisions Explained: What Changed and Why it Matters

India has revised its methodology for measuring economic growth after a decade. Better calculations matter, but the real test lies in how policymakers interpret them, and turn them into decisions that shape everyday life.

thediplomat.com

According to the government, the total GDP estimates for India for 2022-23 have come down by 2.9 percent, and for 2023-24 and 2024-25, they have come down by 3.8 percent each in both years, which means that the GDP was previously overestimated.

The annual GDP growth rates were also revised from 9.2 percent to 7.2 percent for FY2023-24, and from 6.5 percent to 7.1 percent for FY2024-25.

 

[nahtanbob]

Plenty of sovereigns do use hedging instruments and equivalent mechanisms, it's part of the embedded mechanics of financial management if you are exposed to global risks, how are you such a confident idiot

you realize 35% of the petroleum is sold on the spot market.

the remaining 65% is through contracts, contracts is not necessarily hedging. it is a function of FOREX and host of other factors

 

[Vikramaditya1]

That says nothing for a more representative GDP approach, if the prior two decades of GDP values are not also corrected, updating the last figure just becomes the latest attempt at misleading

See below

India’s GDP Revisions Explained: What Changed and Why it Matters

India has revised its methodology for measuring economic growth after a decade. Better calculations matter, but the real test lies in how policymakers interpret them, and turn them into decisions that shape everyday life.

thediplomat.com

According to the government, the total GDP estimates for India for 2022-23 have come down by 2.9 percent, and for 2023-24 and 2024-25, they have come down by 3.8 percent each in both years, which means that the GDP was previously overestimated.

The annual GDP growth rates were also revised from 9.2 percent to 7.2 percent for FY2023-24, and from 6.5 percent to 7.1 percent for FY2024-25.

Wow a whole 3-4 % over estimation in total.

This reforms didn't make a major dent in our numbers rather a small percentage change. Which means the previous numbers weren't massively off the mark.

You missed the part where we never properly counted our gig economy. The e-commerce, ride hailing, instant deliveries, food deliveries et al. They overestimated corporate revenue (keeps only 20% commission) and underestimated the rest (80% driver, fuel, B2B, vehicles dip, labour). Which reduced the overall GDP numbers. This is just one sector before smartphone and internet penetration. (Base 2011).

 

[r3alist]

you realize 35% of the petroleum is sold on the spot market.

the remaining 65% is through contracts, contracts is not necessarily hedging. it is a function of FOREX and host of other factors

A hedge is a contract, a contract is a hedge, Mr confident ignoramus,

 

[nahtanbob]

A hedge is a contract, a contract is a hedge, Mr confident ignoramus,

all hedges are contracts. all contracts are not hedges

 

[r3alist]

Wow a whole 3-4

Yeah, now you can get the red colour crayon out...... and go backwards and calculate the same error for each year of over statement......on the same erroneous methodology, tally that back up to the current year and you end up with a big chunk of GDP being overstated, at least 20% potentially over 10 years using a conservative error



By the way your own top economist guys are saying this below





The only answer to the kind of growth we've seen over the last 10 years in the official numbers is that perhaps we are growing less strongly than those numbers suggest... The fact that [corporations] are not investing suggests that they're not seeing the kind of demand that would be consistent with these growth numbers."