Indian carriers will need to take tough measures to survive the second wave of the pandemic, especially keeping a tight leash on costs by renegotiating contracts with vendors and aircraft leasing firms, said industry experts. The carriers would also need equity infusion from promoters to improve their financial health.
Airlines, especially those with weak balance sheets, are at the mercy of aircraft lessors and would require structural changes as business and leisure travel that typically bring in higher yields will take some time to recover, said a senior aviation analyst in a foreign brokerage.
“Even if some airlines are able to pull through the crisis by racking up debt, they will face an uncertain future as recovery of the sector—
