Back to square one: airlines stare at huge losses as traffic crashes amid second wave of the pandemic

Aircrafts standing at Terminal 3 on the Indira Gandhi Worldwide Airport, because the nation relaxed its lockdown restrictions on Could 26, 2020 in Delhi, India.

Synopsis

India’s civil aviation trade, which used to fly round 4 lakh passengers per day earlier than the pandemic, had recorded nearly zero visitors in the course of the lockdown earlier than beginning a gradual restoration. However the coronavirus has returned to unsettle the sector. As airways brace for powerful instances, the trade appears to be ripe for consolidation as weaker gamers wrestle to remain afloat.

Across the identical time final yr, as planes had been gathering mud at airports after India’s civil aviation got here to a halt with the imposition of a national lockdown, a home broking agency had put out a analysis report with a comforting message. Titled Andrà tutto bene — the Italian phrase which suggests “every part goes to be alright” — the report forecast that the aviation trade would stage a wise bounceback fuelled by ‘revenge journey’

( Initially printed on Apr 26, 2021 )

BY

Jun 10, 2021, 04:28 PM IST

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