InvestorQ : What are the losses to the airline sector as a result of COVID-19 and how it will impact airline companies like Indigo and Spice Jet?
Deepa Salunkhe made post

What are the losses to the airline sector as a result of COVID-19 and how it will impact airline companies like Indigo and Spice Jet?

Answer
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Juvina Maggie answered.
5 months ago


According to a report by CRISIL, the aviation industry could end with a revenue loss of Rs.25,000 crore during the fiscal year 2020-21. CRISIL estimates that the airlines would be the worst-affected, contributing 70% of losses followed by airport operators and airport retailers contributing 15% each. Losses will escalate if travel restrictions last longer in critical hubs such as Mumbai, Delhi, Chennai, Bengaluru, Hyderabad and Kolkata. In fact, it is now being estimated that the aviation sector may take 6-8 quarters to fully recover.