Revival, not survival

Going ahead, the government's policy actions for the aviation sector needs to be less myopic

As we begin the second week into the lockdown, we are still unable to assess the full impact on the economy and the aviation sector globally or in India. But a few things are already evident. One, the pain from this unexpected tsunami is likely to last longer than the tsunami itself. IATA has estimated a revenue loss of $113 billion for airlines globally. CAPA has estimated that if the cessation of operations stays till June, the combined industry loss in India (airlines, airports and concessionaires and ground handlers) for the first quarter of financial year April 2020-March 2021 is