Fall in Revenue of Indian Carriers

Due to COVID-19 Pandemic, revenue of Indian carriers fell by 85.7 per cent to 3,651 crore during the first quarter of 2020-21 in comparison to the corresponding period a year ago. Moreover, employee count with the Indian carriers went down from 74,887 on March 31 to 69,589 on July 31, 2020 - a decrease of 7.07 per cent. Air India’s total revenue had reduced from 7,066 crore during April-June 2019 to 1,531 crore during the first quarter of 2020-21. The revenue of airport operators had also reduced from 5,745 crore during April-June 2019 to 894 crore during April-June 2020,. The Minister of Civil Aviation stated that the domestic air traffic in the country fell to 1.2 crore passengers during the period March to July 2020 as compared to 5.85 crore in the corresponding period a year ago. International traffic dropped to 11.55 lakh in March-July 2020 as compared to 93.45 lakh in the same period last year, he added.