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₹35,000-crore till 2022-23, says ICRA

city New Delhi India president guidelines travelers
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NEW DELHI: The Indian aviation industry, which is currently non-operational under the coronavirus-led lockdown, will require funding of up to ₹35,000 crore till 2022-2023 as profitability may take a hit due to sharp fall in revenues and higher fixed costs, credit rating agency, ICRA, said in a statement on Thursday.

The airlines are estimated to report a 44% decline in revenue in 2020-21, as compared to the previous year, while the industry's net debt may rise to ₹46,500 crore by 2021-22, ICRA said. "Overall, the industry will witness about 41-46% contraction in domestic passenger traffic and about 67-72% fall in international passenger traffic for the Indian carriers in FY2021," it said. "The profitability of the industry will also be

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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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