Aviation, hospitality and media companies are facing an uncertain future due to the ongoing 21-day lock down of the country and would require bailout from the government immediately, say analysts.
The aviation industry, which includes airports and their vendors and suppliers, may not fully recover any time soon post the effects of the pandemic, which has brought air traffic to a standstill. In the US, American Airlines has sought a $12 billion bailout from the government. In India too, airlines are seeking government help.
In an analysis, rating firm CARE said domestic scheduled airlines have started facing severe cash flow pressures, as they will not be functional at all till mid April. This is also leading to trimming of employee salaries apart from other issues the industry faces.
