33: Extension of lockdown, lack of fiscal support a double whammy for Indian aviation
For airline companies, there is no help coming from the government. Smaller airlines such as SpiceJet are under far greater pressure with almost no cash to speak of before the lockdown began. On the other hand, IndiGo’s large cash pile is helpful in these times and puts it in the best place in the Indian aviation sector to deal with this crisis. As such, near-term revenue and capital outlook remain grim for the sector.
132 Episodes
22 Dec 2024
5 MINS