Aviation industry to crash-land this fiscal

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Published: May 8, 2020 1:40:04 AM

According to Crisil estimates, the aviation industry will crash-land this fiscal with revenue loss of Rs 24,000-25,000 crore during the April-June quarter.

Airlines will be the worst-affected, contributing more than 70% of the losses, or Rs 17,000 crore, followed by airport operators with Rs 5,000-5,500 crore, and airport retailers (including retail, food and beverages and duty-free) with Rs 1,700-1,800 crore.Airlines will be the worst-affected, contributing more than 70% of the losses, or Rs 17,000 crore, followed by airport operators with Rs 5,000-5,500 crore, and airport retailers (including retail, food and beverages and duty-free) with Rs 1,700-1,800 crore.

The extended lockdown has stalled traffic on the ground and air. According to Crisil estimates, the aviation industry will crash-land this fiscal with revenue loss of Rs 24,000-25,000 crore during the April-June quarter.

Airlines will be the worst-affected, contributing more than 70% of the losses, or Rs 17,000 crore, followed by airport operators with Rs 5,000-5,500 crore, and airport retailers (including retail, food and beverages and duty-free) with Rs 1,700-1,800 crore.

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