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Indian airlines Q1 revenue falls 85.7% y-o-y: Hardeep Singh Puri

Name: Indian airlines Q1 revenue falls 85.7% y-o-y: Hardeep Singh Puri
Uploaded: 2020-09-16T16:24:24.000+05:30
Duration: T00M51S
Channel: Editorji News Desk
Description: Indian airlines' revenue fell by 85.7% year-on-year to ₹3,651 crore during the first quarter of FY21 due to Covid-19, said Civil Aviation Minister Hardeep Singh Puri on Wednesday. Moreover, employee count at the...

Updated: Sep 16, 2020 10:54

Editorji News Desk

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Indian airlines' revenue fell by 85.7% year-on-year to ₹3,651 crore during the first quarter of FY21 due to Covid-19, said Civil Aviation Minister Hardeep Singh Puri on Wednesday.

Moreover, employee count at the Indian carriers went down from 74,887 on March 31 to 69,589 on July 31, Puri stated in Rajya Sabha.

The revenue of airport operators has reduced from ₹5,745 crore during April-June 2019 to ₹894 crore during April-June 2020, he said.

Scheduled domestic flight services were suspended in India from March 25 to May 24 due to the coronavirus-triggered lockdown.

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Indian airlines Q1 revenue falls 85.7% y-o-y: Hardeep Singh Puri

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Indian airlines Q1 revenue falls 85.7% y-o-y: Hardeep Singh Puri

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