Aviation industry to witness 44% revenue de-growth in FY21: ICRA

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Aviation industry to witness 44% revenue de-growth in FY21: ICRA

The Indian aviation industry will witness revenue de-growth of 44 per cent in FY2021. Overall, the industry will witness 41-46 per cent de-growth in domestic passenger traffic and 67-72 per cent de-growth in international passenger traffic for the Indian carriers in FY2021, said ICRA on Thursday.

The industry’s profitability will also be adversely affected in FY2021 due to lower revenues and high fixed costs (35-42 percent of airlines’ overall costs). ICRA, the webinar credit rating agency on Thursday spoke with an aggregate of Air Asia India Ltd, Air India Ltd, Go Airlines Ltd, Interglobe Aviation Ltd, Tata SIA Airlines Ltd and Spicejet Ltd about its forecast for the Indian aviation industry.

src : thehindubusinessline.com

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