Aviation in a Tailspin
The Covid-19 pandemic is not only taking lives but jobs too. The travel and hospitality industries have borne most of the brunt and seem the hardest hit. With most of the world’s fleet of airliners parked and mothballed, airlines both national and international are struggling to sustain themselves. The International Air Transport Association (IATA) claims this has been the worst year for the airline industry ever. Crisil, a rating agency, predicts an annual loss of Rs. 1.1-1.3 lakh crores (trillion) for India’s domestic airline Industry. […]
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