The Indian aviation industry is expected to continue incurring large losses in 2021-22 and IndiGo airline will emerge from the Covid-19 pandemic significantly stronger than its competitors, said aviation consultancy firm CAPA India on Monday.
“Airlines will have to carry the costs of a large proportion of their fleet remaining grounded, especially those that were earlier deployed on international routes,” said CAPA India in its report about the ‘top ten trends to watch in 2021’.
While revenue remains under pressure, costs will also increase relative to FY2021, the report mentioned, adding that the Brent Crude is assumed to be at average USD 50-60 per barrel and the USD/INR exchange rate is expected to remain in the range of 73-75 in the next financial year.
