Lockdown: Airlines to see Rs 75-90 crore loss per day

NEW DELHI: Indian airlines, whose appeal to resume operations has not found merit with the government, is now undertaking cost-cutting measures to ensure they fly when the lockdown is lifted. Analysts say the industry will report net loss of Rs 75-90 crore per day during the lockdown period.

The revenues of airlines have been hit ever since the Central government halted operations of domestic and international commercial flights in the wake of coronavirus outbreak. Despite the airlines apprising the government of their plans to safely resume services, the Centre has felt it is too early to lift travel restrictions. The Directorate General of Civil Aviation on Tuesday clarified that domestic and international flights will remain suspended till May 3.