{"id":342572,"date":"2020-03-19T12:15:24","date_gmt":"2020-03-19T06:45:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342572"},"modified":"2020-03-19T12:52:03","modified_gmt":"2020-03-19T07:22:03","slug":"indian-carriers-may-ground-150-planes-stare-at-quarterly-loss-on-coronavirus-impact-report-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-carriers-may-ground-150-planes-stare-at-quarterly-loss-on-coronavirus-impact-report-2\/","title":{"rendered":"Indian carriers may ground 150 planes; stare at quarterly loss on coronavirus impact: Report"},"content":{"rendered":"<p>All Indian airlines will report significant losses in the first quarter of this year and may initially ground around 150 planes as the shock from the coronavirus pandemic will be &#8220;far deeper and much longer&#8221;, according to a report.<\/p>\n<p>Aviation advisory firm CAPA India on Wednesday said consolidated losses are estimated to be in the range of USD 500-600 million for the quarter, excluding Air India.<\/p>\n<p>In a report, it said that some airlines may choose to temporarily shut down their operations by design on the basis that demand is so low that such action would result in reduced losses than if they continue to operate.<\/p>\n<p>As per the report, even before COVID-19 (coronavirus) appeared on the scene, most Indian carriers already had very strained balance sheets and almost no liquidity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>All Indian airlines will report significant losses in the first quarter of this year and may initially ground around 150 planes as the shock from the coronavirus pandemic will be &#8220;far deeper and much longer&#8221;, according to a report. Aviation advisory firm CAPA India on Wednesday said consolidated losses are estimated to be in the range of USD 500-600 million for the quarter, excluding Air India. In a report, it said that some airlines may choose to temporarily shut down their operations by design on the basis that demand is so low that such action would result in reduced losses [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[212,130,144],"tags":[],"class_list":["post-342572","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-pioneer","category-newspapers","category-the-pioneer"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342572"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342572\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}