Airlines in India are expected to gain higher profits this financial year as compared to last year due to rising airfares. According to ratings agency ICRA, total profit of private airlines for 2017-18 would be close to Rs 3,200 crore, as against the Rs 2,600 crore they posted in fiscal 2016-17. Data suggests the earnings per share (EPS) of SpiceJet, Jet Airways, and Interglobe Aviations IndiGo, are projected to increase in the coming two years. Moneycontrol Research, in its latest report on the aviation industry, recommended accumulate on IndiGo and buy on SpiceJet.