Indian Aviation Industry: Present Tense, Future Uncertain
With global travel restrictions, grounded fleets, benched staff, uncertainties in travel schedule, ticket liabilities, and cash burn, the global aviation industry, never had it so bad, and that too, for two consecutive years. And it's not limited to travel restrictions. Airlines not allowed to fly to certain destinations, visas not being issued, inbound lockdowns and a ban on Indian travellers by different countries have all led to a chaotic situation. It has also spiraled into severe demand contraction because of job losses and reduced income and a fear psychosis, which might continue to linger even after the pandemic has subsided.
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