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₹25,000-crore losses, says Crisil

India city Mumbai economy consequences travelers
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MUMBAI: Credit rating agency Crisil has estimated that the Indian aviation sector, including airlines and airports, will witness revenue losses of ₹24,000–25,000 crore, as air travel remains suspended due to the national lockdown.

Airlines will be the worst-hit, contributing to more than 70% of the losses, or about ₹17,000 crore, followed by airport operators with ₹5,000-5,500 crore, and airport retailers, including retail, food and beverages and duty-free, with ₹1,700-1,800 crore, the agency said in a report.

This would reverse the trend growth of roughly 11% per annum, which the industry has seen in the past ten years, making it one of the most affected sectors of the economy, Crisil said.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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