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