New Delhi: Indian airlines are likely to register a consolidated loss of about $4.1 billion during financial year 2022, similar to the losses clocked during FY2021, due to the covid-19 pandemic, aviation consultancy firm Capa India said on Thursday.
As a result, airlines are expected to need close to $5 billion of recapitalisation in FY2022 just to survive, after registering a $8 billion loss over the last two years, Capa said in its FY2022 Airline Outlook said.
“Out of this it is estimated that around $1.1bn is in the pipeline in the form of IPOs (Initial Public Offering), QIPs (Qualified Institutional Placement) and other (financial) instruments. This does not include additional funding required to achieve solvency,” the report said.
