Extinguishing airlines: Indian carriers need as much as US$2.5bil to keep flying and that may only last to the end of this year if they’re lucky. — Bloomberg
MUMBAI: With US two-cent airfares, high fuel costs and taxes, India’s aviation market already was one of the toughest around. The coronavirus pandemic could be the final straw for some of the country’s airlines.
Indian carriers need as much as US$2.5bil to keep flying, CAPA Centre for Aviation in Sydney says, and that may only last to the end of this year if they’re lucky.
Airlines suffered a total collapse in demand from March 25 to late May as India banned commercial passenger flights as part of its virus lockdown.
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