Airlines and hospitality — the two most distressed sectors with their entire business locked during lockdown — are clearly the most disappointed with the government’s economic revival package, as there was nothing specific for them. To be fair, the government did list out some measures for the aviation and airport sectors but they were neither in the nature of an instant relief nor to kickstart operations. They were mostly long-term measures, which have been in the pipeline for long.
Just how badly the airlines are going to be hit by the lockdown can be gauged from the numbers put out by Crisil which said that the aviation industry will crash-land this fiscal with revenue loss of Rs 24,000-25,000 crore in the April-June quarter.
