city New Delhi India covid-19 Government travelers city New Delhi India

Indian airlines on shaky path despite resumption of domestic flights: Industry

Reading now: 864
www.livemint.com

New Delhi: Indian airlines are staring at an unforeseen future ahead despite the gradual resumption of domestic flights allowed from next week as passenger sentiment is likely to remain subdued once initial pent up demand is over, industry experts and executives said.

The capping of airfares by the government may further hurt airlines, which have incurred daily losses to tune of ₹70-90 crore, and haven't received a bailout package or a revenue support from the government during its latest stimulus moves to revive the economy, said people involved in the industry.

With muted travel sentiments, and capping of air fares, airlines are looking at huge losses in the coming quarters, said Nripendra Singh, industry principal, aerospace, defence

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA