India’s aviation industry has been hit the hardest by the Covid-19 pandemic and its fallout. Flights were grounded for the better part of the June quarter and even now only one in two are allowed to ply on domestic routes. This has meant deep losses for all airlines as fixed costs remained but revenues dried up for an entire quarter. Even the current quarter (July-September) is expected to bring in scant revenues for airlines due to continued uncertainties on travel and the whole of 2020-21 could well be a washout year.
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