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Home / Business / India's airlines incurred loss of Rs 19,564 crore in 2020-21

India's airlines incurred loss of Rs 19,564 crore in 2020-21

Minister of State for Civil Aviation lays bare sector's woes
Due to the outbreak of COVID-19, scheduled domestic flights were suspended in India from March 25, 2020 to May 24, 2020.
Due to the outbreak of COVID-19, scheduled domestic flights were suspended in India from March 25, 2020 to May 24, 2020.
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Our Bureau, PTI   |   New Delhi   |   Published 06.12.21, 03:41 PM

The airlines and airports in India incurred an estimated loss of Rs 19,564 crore and Rs 5,116 crore, respectively, in 2020-21 due to severe disruption caused by the COVID-19 pandemic, Minister of State for Civil Aviation V K Singh said on Monday.

Due to the outbreak of COVID-19, scheduled domestic flights were suspended in India from March 25, 2020 to May 24, 2020.

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"The aviation sector in India has been affected due to severe disruption caused by the COVID-19 pandemic," the minister said in his written reply to a question in the Rajya Sabha.

"The estimated losses incurred by airlines and airports in India in the financial year 2020-21 is approximately Rs19,564 crore and Rs 5,116 crore respectively," he mentioned.



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