CAPA’s assessment of the Indian airline industry may be too pessimistic
The industry has adapted to the changing times and the worst is behind it
June 14, 2021 / 09:40 AM IST
Aerial view of the Navi Mumbai International Airport, which will be able to handle 90 million passengers per year, when it is fully ready.
Travel and tourism were some of the worst affected sectors, as the world imposed lockdown measures. No company was spared, as travelers were forced to stay in their homes.
The impact of this lockdown on India’s aviation sector is highlighted by a Centre of Aviation, CAPA report titled India Airline Outlook report for the financial year 2022. The report says India’s aviation industry is sitting on losses to the tune of around $8 billion over the last two years. Most players in...