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Indian aviation sector to report $3-3.6 billion losses during Q1, FY21

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NEW DELHI : The Indian aviation sector, which includes airlines, airports, concessionaires, and ground handlers, could report losses to the tune of $3-3.6 billion during April-June quarter of FY21, as a result of travel restrictions and diminishing travel appetite following the outbreak of coronavirus (COVID-19), aviation consultancy firm CAPA India said on Wednesday.

According to CAPA India, estimated losses for airlines during Q1, FY 21 stands at about $1.75 billion, while airports and concessionaires are expected to report losses between $1.50 billion to $ 1.75 billion.

Meanwhile, the ground handling industry could report a loss of $80-90 million during the same period. These estimates for the potential sectoral losses assume that all

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