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.
The aviation sector has been the worst casualty of the Covid-19 pandemic, as flights had to be grounded for two months. Airlines, though, have started operations in the domestic market since May 25 with heightened restrictions and safety measures in place.