Airline industry is in deep red, not just in India but across the globe. Many companies are planning to shut shop, cut pay of staff or even sack thousands of employees – some have already filed for bankruptcy. Zee Business brings to you a detailed report on the scenario in India and what it means for domestic airlines and across the world.
Coronavirus pandemic has thrown a big challenge before the airline companies with revenues taking a hit due to lockdown situation. Many companies have already announced lay-offs. Market intelligence company CAPA (Centre for Aviation) has already suggested that many airline companies would follow suit and file for bankruptcy in May.