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₹35,000 cr can keep airlines up till FY23 end, says Icra

India covid-19 president pandemic
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The ongoing lockdown to contain the covid-19 pandemic is expected to lead to a 44% decline in revenue during 2020-21 from a year ago, Icra said in a statement Indian airlines will need fund infusions of ₹35,000 crore till the end of FY23 to stay afloat, credit rating agency Icra said, as lower revenue and higher fixed costs erode their profitability.

The ongoing lockdown to contain the covid-19 pandemic is expected to lead to a 44% decline in revenue during 2020-21 from a year ago, the rating company said in a statement.

The industry’s net debt is expected to rise to about ₹46,500 crore by 2021-22. “Overall, the industry will witness about 41-46% degrowth in domestic passenger traffic and about 67-72% degrowth in international passenger

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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
United Kingdom
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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