{"id":351426,"date":"2020-05-15T12:16:07","date_gmt":"2020-05-15T06:46:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=351426"},"modified":"2020-05-15T12:16:07","modified_gmt":"2020-05-15T06:46:07","slug":"indian-airlines-will-need-%e2%82%b935000-crore-till-2022-23-says-icra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-airlines-will-need-%e2%82%b935000-crore-till-2022-23-says-icra\/","title":{"rendered":"Indian airlines will need \u20b935,000-crore till 2022-23, says ICRA"},"content":{"rendered":"<p>NEW DELHI: The Indian aviation industry, which is currently non-operational under the coronavirus-led lockdown, will require funding of up to \u20b935,000 crore till 2022-2023 as profitability may take a hit due to sharp fall in revenues and higher fixed costs, credit rating agency, ICRA, said in a statement on Thursday.<\/p>\n<p>The airlines are estimated to report a 44% decline in revenue in 2020-21, as compared to the previous year, while the industry&#8217;s net debt may rise to \u20b946,500 crore by 2021-22, ICRA said.<\/p>\n<p>&#8220;Overall, the industry will witness about 41-46% contraction in domestic passenger traffic and about 67-72% fall in international passenger traffic for the Indian carriers in FY2021,&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The Indian aviation industry, which is currently non-operational under the coronavirus-led lockdown, will require funding of up to \u20b935,000 crore till 2022-2023 as profitability may take a hit due to sharp fall in revenues and higher fixed costs, credit rating agency, ICRA, said in a statement on Thursday. The airlines are estimated to report a 44% decline in revenue in 2020-21, as compared to the previous year, while the industry&#8217;s net debt may rise to \u20b946,500 crore by 2021-22, ICRA said. &#8220;Overall, the industry will witness about 41-46% contraction in domestic passenger traffic and about 67-72% fall in [&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-351426","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\/351426","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=351426"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/351426\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=351426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=351426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=351426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}