India suspends flights till May 17 as losses for airlines mount in lockdown

Airlines had zero passengers for the last six days in March, according to data released by the country's aviation regulator.

airlines
Airlines in India are likely to suffer a revenue loss of $11.2 billion, leading to 2.9 million jobs at risk as passenger demand will fall by 47%
BS Web TeamPTI New Delhi
2 min read Last Updated : May 02 2020 | 4:13 PM IST
India suspended domestic and international passenger flights till May 17 as part of a nationwide lockdown to contain the spread of the coronavirus but hurting domestic airlines that reported Rs 8,000 crore in losses in April.
 
Airlines had zero passengers for the last six days in March, according to data released by Directorate General of Civil Aviation (DGCA). In March, airlines flew 7.8 million passengers, against 11.5 million in the same month last year.
 
According to the latest estimates by the International Air Transport Association (IATA), airlines in India are likely to suffer a revenue loss of $11.2 billion, leading to 2.9 million jobs at risk as passenger demand will fall by 47 per cent. The latest estimates from IATA indicate a worsening of the impact from the pandemic and travel restrictions in the Asia Pacific region.

From March 24 midnight, India had announced a nationwide lockdown — one of the harshest measures declared by any government across the world — to contain the spread of novel coronavirus.
 
DGCA said on Twitter international cargo flights and those it permits would not be part of the ban measure.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :CoronavirusLockdownIndian airlines

Next Story