Indian aviation industry may incur losses worth Rs 26,000 crore in FY 2022: Report

MUMBAI: Pandemic-hit Indian aviation industry is expected to report a net loss of Rs 25,000-26,000 crore while its debt level may increase to Rs 1.2 lakh crore in the ongoing fiscal year, credit ratings agency ICRA said on Tuesday.

Also, the industry will be requiring an additional funding of Rs 45,000-47,000 crore over FY2022 to FY2024, it said.