COVID-19 impact: Indian aviation sector may lose $4 billion in FY21, says CAPA India

The Indian aviation sector is likely to lose up to $4 billion in the financial year 2021, advisory firm CAPA India has said, raising the loss estimate from the earlier $3.6 billion.

In a report released on July 3, CAPA India also talked of a higher capitalisation need for Indian airlines, up from $2.5 billion to $3.5 billion.

Critically, the firm said the Indian aviation sector may be reduced to just two to three players, from more than half a dozen now, including Air India, IndiGo, SpiceJet and GoAir.

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