Coronavirus crisis would result in the Indian aviation sector being the worst among the Asia Pacific countries, which may impact as many as 29,32,900 jobs. Compared to 2019, the revenue of this sector in India is likely to fall by $11,221 million this year.
The passenger demand may fall by 47 per cent in India. According to Conrad Clifford, IATA's Regional Vice President for Asia-Pacific, in the second quarter of 2020, airlines in the region face a liquidity crisis with a $61 billion cash burn. "We have seen the first airline casualty in the region. There will be more casualties if governments do not step in urgently to ensure airlines have sufficient cash flow to tide them over this period," The Free Press Journal quoted him as saying.
25/04/20 The Logical Indian
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The passenger demand may fall by 47 per cent in India. According to Conrad Clifford, IATA's Regional Vice President for Asia-Pacific, in the second quarter of 2020, airlines in the region face a liquidity crisis with a $61 billion cash burn. "We have seen the first airline casualty in the region. There will be more casualties if governments do not step in urgently to ensure airlines have sufficient cash flow to tide them over this period," The Free Press Journal quoted him as saying.
25/04/20 The Logical Indian
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