Covid, ATF prices to push airlines into Rs 10,000 cr loss in FY22: Crisil

The loss is however expected to be 35-40% lower than the projected loss in FY21

Lower domestic air traffic compared with pre-pandemic levels, together with high fuel prices and only a gradual recovery in international operations would result in domestic airlines posting Rs 9,500-10,000 crore net loss in FY 2022, according to a Crisil analysis.

The loss is however expected to be 35-40 per cent lower than the projected loss in FY21, it said.

The second wave of Covid-19 pandemic has already resulted in slowdown in air traffic. Airlines are clubbing flights as booking volumes have slumped around 40 per cent. On Tuesday domestic air traffic fell to 183,331 (first time under 200,000 since last