33: Extension of lockdown, lack of fiscal support a double whammy for Indian aviation
Mark to Market
English - May 19, 2020 07:33 - 5 minutes - 5.08 MBBusiness News News market price finance podcast investing stock market entrepreneurship business business podcast money market share market entrepreneur Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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.