{"id":343555,"date":"2020-03-26T12:08:11","date_gmt":"2020-03-26T06:38:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=343555"},"modified":"2020-03-26T12:08:11","modified_gmt":"2020-03-26T06:38:11","slug":"aviation-sector-sees-losses-of-up-to-3-6-bn-in-june-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/aviation-sector-sees-losses-of-up-to-3-6-bn-in-june-quarter\/","title":{"rendered":"Aviation sector sees losses of up to $3.6 bn in June quarter"},"content":{"rendered":"<p>NEW DELHI : India\u2019s aviation industry is expected to post losses of $3-3.6 billion in the June quarter with airlines sharing the bulk of the hit following a raft of travel restrictions and diminishing travel appetite because of the Covid-19 pandemic, aviation consultancy Capa India said on Wednesday.<\/p>\n<p>Domestic carriers are forecast to incur losses of about $1.75 billion next quarter, followed by airports and concessionaires with losses of between $1.50 billion and $1.75 billion, according to Capa India. The ground handling industry could report a loss of $80-90 million during the same period.<\/p>\n<p>These estimates for the potential sectoral losses assume that all domestic and international operations remain grounded until 30 June, Capa India said in the report titled Projecting the potential financial impact of COVID-19 on Indian aviation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : India\u2019s aviation industry is expected to post losses of $3-3.6 billion in the June quarter with airlines sharing the bulk of the hit following a raft of travel restrictions and diminishing travel appetite because of the Covid-19 pandemic, aviation consultancy Capa India said on Wednesday. Domestic carriers are forecast to incur losses of about $1.75 billion next quarter, followed by airports and concessionaires with losses of between $1.50 billion and $1.75 billion, according to Capa India. The ground handling industry could report a loss of $80-90 million during the same period. These estimates for the potential sectoral [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-343555","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343555","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=343555"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/343555\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=343555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=343555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=343555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}