Indian carriers like many other airlines across the globe are in a “survival mode”due to the coronavirus pandemic and there is a need for sustainable revival of the domestic aviation industry, International Air Transport Association (IATA) DG and CEO Alexandre de Juniac said on Friday.
Speaking at a webinar hosted by the aviation consultancy Centre for Asia Pacific Aviation (CAPA), de Juniac also forecast the air travel demand in India to drop by 47 per cent and revenue by $11 billion this year over 2019 owing to the coronavirus pandemic.
“Much has happened in the last four months. We are experiencing an unprecedented crisis in the history of our industry and recovery from this crisis will be long and slow. India’s aviation industry has not been spared by the COVID-19 crisis,” he said.
