{"id":350447,"date":"2020-05-08T12:01:30","date_gmt":"2020-05-08T06:31:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=350447"},"modified":"2020-05-08T12:51:38","modified_gmt":"2020-05-08T07:21:38","slug":"coronavirus-lockdown-indian-aviation-industry-eyeing-a-loss-of-over-rs-5000-crore-in-2-months-of-shutdown-says-icra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-lockdown-indian-aviation-industry-eyeing-a-loss-of-over-rs-5000-crore-in-2-months-of-shutdown-says-icra\/","title":{"rendered":"Coronavirus Lockdown: Indian aviation industry eyeing a loss of over Rs 5000 crore in 2 months of shutdown, says ICRA"},"content":{"rendered":"<p>The Indian aviation industry is reporting a net loss of close to Rs 75-90 crore per day of the shutdown of operations &#8211; Rs. 5100-6100 crore loss over the period March 25, 2020 till May 31, 2020, according to a  report of ICRA. <\/p>\n<p>Domestic passenger traffic is expected to witness a de-growth of 41-46% in FY2021 with H1 FY2021. There will be a sharper de-growth followed by some recovery in H2 FY2021, as the airlines resume operations in a phased manner from June 2020. Further, the impact of the COVID-19 outbreak will last longer on international travel than domestic travel. <\/p>\n<p>Thus, ICRA expects the FY2021 international passenger growth for Indian carriers to witness a significant Y-o-Y de-growth of 67-72%. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian aviation industry is reporting a net loss of close to Rs 75-90 crore per day of the shutdown of operations &#8211; Rs. 5100-6100 crore loss over the period March 25, 2020 till May 31, 2020, according to a report of ICRA. Domestic passenger traffic is expected to witness a de-growth of 41-46% in FY2021 with H1 FY2021. There will be a sharper de-growth followed by some recovery in H2 FY2021, as the airlines resume operations in a phased manner from June 2020. Further, the impact of the COVID-19 outbreak will last longer on international travel than domestic travel. [&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":[176,146,130],"tags":[],"class_list":["post-350447","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350447","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=350447"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350447\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=350447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=350447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=350447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}