 "The benefit of crash in crude oil prices in March in likely to be off-set by the depreciation of rupee and slim air traffic movement in the March quarter")
As most aircraft stand parked amid the outbreak of coronavirus (Covid-19) pandemic, March quarter of financial year 2019-20 (Q4FY20) could be first among the many loss-making quarters for the aviation sector, fear analysts.
Almost all airlines, including IndiGo and SpiceJet, had drastically cut operations by mid-March, and had begun grounding fleet as net bookings fell into negative — meaning there are more cancellations than fresh bookings on domestic routes. It all came to a complete halt when the government on March 25 imposed a ban on domestic air travel to stem the spread of the virus. This was on top
