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Indian aviation industry may incur losses worth INR 26,000 cr in FY22: ICRA

Indian aviation industry may incur losses worth INR 26,000 cr in FY22: ICRA

Pandemic-hit Indian aviation industry is expected to report a net loss of INR 25,000-26,000 crore while its debt level may increase to INR 1.2 lakh crore in the ongoing fiscal year, credit ratings agency ICRA

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Domestic passenger traffic declines 65-67% in May compared to April: ICRA

Domestic passenger traffic declines 65-67% in May compared to April: ICRA

For May 2021, India’s domestic passenger traffic is estimated at ~19-20 lakh, implying a sequential decline of ~65-67% compared to ~57.3 lakh in April 2021. With this, the domestic passenger traffic reached lower than the