How Indian aviation sector braved Covid turbulence better than global peers

Compared with other major countries during Covid-19, domestic airlines have precariously stayed the course

India’s biggest domestic airline, Indigo, commanding half the domestic aviation market share, recently posted its fifth consecutive quarterly loss of over Rs 1,100 crore. One of the fastest-growing pre-pandemic airlines, Spicejet has completely eroded its net worth. The Wadia family-backed GoAir (rechristened Go First) has hit the market to raise funds to sustain the airline. Tata-backed Vistara has deep pockets to dig into if the dire forecasts for 2020-21 continue. The rebirth of Jet Airways under new owners is still being talked of in hushed voices. Air India’s privatisation has taken multiple hits due to the Covid-19 pandemic. The past