Airlines to witness 47% decline in passengers in 2020 due to the Covid -19 pandemic
- Airlines, though, have started operations in the domestic market since May 25 with heightened restrictions
- The aviation sector has been the worst casualty of the Covid-19 pandemic, as flights had to be grounded for two months
Indian airlines are expected to witness a 47% decline in passengers, in 2020, on account of the restrictions imposed to contain the spread of Covid -19 virus and the consequent economic downturn. The Indian government should also help the aviation sector with a financial package and help develop a high yield market to ensure profitability of airlines in the aftermath of crisis, said industry executives at a webinar conducted by Capa India.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more