OUR CORRESPONDENT
The airlines are flying towards their steepest-ever net loss of over Rs 20,000 crore this fiscal, which will be 44 per cent more than Rs 13,853 crore they bled last fiscal, Crisil said in a report.
This will push back the industry’s recovery beyond fiscal 2023, the report based on three large listed airlines--Indigo, Spicejet, and Air Indiawhich together command 75 per cent of the domestic traffic, warned.
Air traffic had seen a swift recovery after the second wave and reached 86 per cent of the pre-pandemic level in December 2021 compared over December 2019, while regular international flights were expected to start after January 2022.
This story is from the January 18, 2022 edition of Millennium Post Delhi.
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This story is from the January 18, 2022 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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