Indian airlines may post $4.1 billion consolidated loss this fiscal: CAPA

Indian airlines are expected to post a consolidated loss of USD 4.1 billion this fiscal, similar to what they are estimated to have incurred in 2020-21, taking the total losses of two years to around USD 8 billion as a result of the pandemic so far, aviation consultancy and research firm CAPA said on Thursday.

In a report, CAPA expects domestic passenger traffic to be around 80-95 million in 2021-22 as against 52.5 million in the previous financial year.

However, despite this growth, it will be well below than around 140 million passenger volumes recorded in 2019-20, CAPA said in the report.

This projection of the traffic volume does not take into account the anticipated third wave of the pandemic, it added.