{"id":350299,"date":"2020-05-08T09:52:55","date_gmt":"2020-05-08T04:22:55","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=350299"},"modified":"2020-05-08T10:11:27","modified_gmt":"2020-05-08T04:41:27","slug":"domestic-aviation-industry-to-incur-over-rs-24000-cr-loss-in-fy21-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/domestic-aviation-industry-to-incur-over-rs-24000-cr-loss-in-fy21-report\/","title":{"rendered":"Domestic aviation industry to incur over Rs 24,000 cr loss in FY21: Report"},"content":{"rendered":"<p>India&#8217;s aviation industry, which has been severely hit by the coronavirus outbreak and the subsequent lockdown, is expected to crash-land this fiscal with a massive revenue loss of Rs 24,000-25,000 crore, a Crisil report said on Thursday. <\/p>\n<p>Airlines will be the worst-affected segment, contributing more than 70 per cent to the losses (around Rs 17,000 crore), said Jagannarayan Padmanabhan, Director and Practice Leader, Transport and Logistics, Crisil Infrastructure Advisory, during a webinar. <\/p>\n<p>Airport operators are likely to suffer losses worth Rs 5,000-5,500 crore and airport retailers will see a hit of Rs 1,700-1,800 crore, he noted. <\/p>\n<p>That would reverse the growth trend of around 11 per cent per annum, which the industry has logged over the past ten years, making it one of the most adversely-affected sectors of the economy, the agency said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s aviation industry, which has been severely hit by the coronavirus outbreak and the subsequent lockdown, is expected to crash-land this fiscal with a massive revenue loss of Rs 24,000-25,000 crore, a Crisil report said on Thursday. Airlines will be the worst-affected segment, contributing more than 70 per cent to the losses (around Rs 17,000 crore), said Jagannarayan Padmanabhan, Director and Practice Leader, Transport and Logistics, Crisil Infrastructure Advisory, during a webinar. Airport operators are likely to suffer losses worth Rs 5,000-5,500 crore and airport retailers will see a hit of Rs 1,700-1,800 crore, he noted. That would reverse the [&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":[135,167,130],"tags":[],"class_list":["post-350299","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350299","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=350299"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350299\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=350299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=350299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=350299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}