The Indian aviation industry will witness revenue de-growth of 44 per cent in FY2021. Overall, the industry will witness 41-46 per cent de-growth in domestic passenger traffic and 67-72 per cent de-growth in international passenger traffic for the Indian carriers in FY2021, said ICRA on Thursday.
The profitability of the industry will also be adversely impacted in FY2021 due to lower revenues and high fixed costs (35-42 per cent of the total cost of airlines).
ICRA, the credit rating agency in a webinar on Thursday spoke about its forecast on the Indian aviation industry with an aggregate of Air Asia India Ltd, Air India Ltd, Go Airlines Ltd, Interglobe Aviation Ltd, Tata SIA Airlines Ltd and Spicejet Ltd.
