Indian Aviation Industry To Remain In Deficit In Next Financial Year

Indian aviation industry to remain in deficit in the next financial year: CAPA India.

The next fiscal year for the Indian aviation industry is also not going to be good, according to the report by the aviation sector advisory company CAPA India.

The next fiscal year 2021-22 will also be in deficit and IndiGo airline will emerge stronger than its rivals from the Covid-19 epidemic.

Kappa India’s report on the top ten trends of 2021 states, ‘Airlines will have to bear the huge burden of the cost of a fleet without its operations. Especially on aircraft that were operating international flights in the past.

The report said that while the revenue of airline companies will remain under pressure in the next financial year, their cost will also increase significantly compared to the current financial year.

The report said that Brent crude oil will average $ 50 to $ 60 a barrel in the next financial year.

During this period, the dollar-rupee exchange rate will be 73 to 75. Oil prices and exchange rates have the most impact on the cost of operating an airline.

According to the report, integration into the Indian aviation sector is certain. In such a situation, a ‘two-three airline system’ could be formed in the near to medium term.

The report said that Indigo would emerge stronger from the Covid-19 pandemic than its rivals due to its strong ledger.

Flights between India and Britain are closed from the new strain of Corona.

It was recently reported that airlines that have been banned between India and Britain to prevent infection with the new strain of Coronavirus will resume from January 8.

But on Saturday, Civil Aviation Minister Hardeep Puri said that India will travel from the UK to the UK. Flights will resume from 6 January while flight operations from the UK to India will resume on 8 January.

So that means the airlines that have been banned between India and Britain will start from 6. Hardeep Singh Puri said, ’30 flights will operate every week.

Of these, 15 will be from India, 15 from the UK. Currently, this schedule is valid until 23 January.

The government had restricted the movement of aircraft between the two countries from 23–31 December as the transition from the new strain of Corona to Britain spread rapidly.

This ban was later extended from 30 December. Meanwhile, the government has extended the ban on regular international commercial flights to 31 January.