Friday, April 03, 2020

Crash Landing

The disastrous effect of Covid-19 has been especially hard on the aviation sector globally. In India, the 21-day lockdown led to the grounding of over 1,400 aircraft, including 674 commercial ones. This was accompanied by massive cancellations and rebookings. Air cargo operations, flights carrying medical kits and special ones repatriating passengers were the only ones left unscathed.

The sector will be hardest hit by the pandemic, with experts predicting a $3.3-$3.6 bn loss to India domestically in the first quarter of 2021 and a reduction of 5.75 lakh jobs.
Read an analysis by Shobha John >>
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