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Impact of COVID on Aviation Sector by debojyoti is a document available to read on EtoBox.
Aviation sector is the worst impacted by COVID with a 45.49% decrease in total passengers in India and a 75.59% decrease in international passengers due to international flight shutdowns. Worldwide, the airline industry is expected to have a $84.3 billion net loss in 2020 with airlines experiencing negative operating incomes. Revenue declines have led to high cash burn from high fixed costs. Within India, bank credit growth to shipping and wholesale/retail trade declined the most in 2019/2020, ind
- Author
- debojyoti
- Language
- EN