News > India’s airline industry seen racking up $8 billion in Covid losses over two years

India’s airline industry seen racking up $8 billion in Covid losses over two years

07/06/2021 09:15 PM | Click to read full article

India’s aviation industry faces pandemic-induced losses totalling some $8 billion for this year and last and is “standing on the edge of a cliff,” the CAPA Centre for Aviation warns in its yearly industry outlook.

“We have run out of words to describe the state of Indian airlines,” CAPA says tersely in its India Airline Outlook report for the financial year 2022. “The industry is standing on the edge of a cliff," the aviation consulting firm adds.