Thursday, July 04, 2019

Airspace ban cost Air India ₹490 crore

New Delhi: Air India incurred a loss of ₹491 crore due to the closure of Pakistani airspace, the government said on Wednesday adding it was a unilateral decision taken by the neighbouring country and it was up to it to revoke the ban.

The loss suffered by Air India between February 27, when Pakistan imposed the ban, and July 2 translates into a daily loss of ₹3.8 crore.

Indian carriers collectively suffered a loss of ₹548.93 crore, according to data provided by Minister of State for Civil Aviation Hardeep Singh Puri in the Rajya Sabha.

SpiceJet suffered a loss of ₹30.73 and Go Air ₹2.1 crore until June 20. IndiGo saw a loss of ₹25.1 crore until May 31.
The large size of loss incurred by Air India is mainly on account of its long-haul flights to Europe and the U.S. which had to take a detour via the Oman airspace with an additional technical halt for refuelling, adding at least two hours to its flights leading to an additional fuel burn.
04/07/19 The Hindu
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