Friday, July 02, 2021

Indian airlines are seen losing $4.1 billion in revenues in 2021-22 due to COVID-19, says CAPA India's Sathyanarayan Sridhar

Indian airlines are expected to lose about $4.1 billion in revenues in 2021-22, while airport operators in the country could be poorer by $1 billion in revenues in the current fiscal, said Sathyanarayan Sridhar - team lead consulting and research at CAPA (Center for Asia Pacific Aviation) India.

In an interview with Moneycontrol, Sridhar said that if a third wave of COVID-19 is not considered, domestic and international travel from India is expected to rebound to pre-COVID-19 level by Q3FY2023 and by the end of FY2024, respectively.

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