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