Indian airlines are expected to post a consolidated loss of USD 4.1 billion this fiscal, similar to what they are estimated to have incurred in 2020-21, taking the total losses of two years to around USD 8 billion as a result of the pandemic so far, aviation consultancy and research firm CAPA said on Thursday. In a report, CAPA expects domestic passenger traffic to be around 80-95 million in 2021-22 as against 52.5 million in the previous financial year.
However, despite this growth, it will be well below than around 140 million passenger volumes recorded in 2019-20, CAPA said in the report.
This projection of the traffic volume does not take into account the anticipated third wave of the pandemic, it added. “We expect that Indian airlines will lose a consolidated USD 4.1-billion in FY2022, similar to that in FY2021. This will take total losses over two years to around USD 8 billion as a result of the two COVID-19 waves,” CAPA said in the report.
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