Airlines to witness 47% decline in passengers in 2020 due to the Covid -19 pandemic

Indian airlines are expected to witness a 47% decline in passengers, in 2020, on account of the restrictions imposed to contain the spread of Covid -19 virus and the consequent economic downturn. The Indian government should also help the aviation sector with a financial package and help develop a high yield market to ensure profitability of airlines in the aftermath of crisis, said industry executives at a webinar conducted by Capa India.

The aviation sector has been the worst casualty of the Covid-19 pandemic, as flights had to be grounded for two months. Airlines, though, have started operations in the domestic market since May 25 with heightened restrictions and safety measures in place. As a consequence of the total shut down of the sector sustainability of some of the airlines have now come under the scanner.