Tuesday, April 21, 2020

With 80% Flights Grounded Globally, Aviation Sector Heading for a Crash it May Not Easily Recover From

With commercial air traffic coming to a screeching halt due to the lockdowns imposed by governments around the world in order to contain the Covid-19 pandemic, the aviation sector is facing one of its worst crisis ever.

In India’s case, CAPA India estimated in late March that the country’s industry could incur a loss of USD 3.3 to USD 3.6 billion if flight operations remained halted till the end of June.
The report said that the April-June quarter, which is traditionally considered one of the stronger quarters of the fiscal year for the Indian aviation industry was looking to be a washout given the circumstances.

But Indian airlines are not the only ones to have been affected by the pandemic.

Globally, the number of Commercial flights tracked by FlightRadar, a global flight tracking service, has seen a sharp decline over the past month as more and more countries put restrictions on air travel as a response to the Covid-19 pandemic.

Tracking data for the past 90 days shows that the number of commercial flights declined from over 100,000 till mid-March to less than 25,000 as on April 19, a fall of about 75 per cent.
21/04/20 Fazil Khan/News18
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