Domestic aviation industry may see around 57% revenue growth in FY22

Around 57 percent growth expected in revenue in FY22 on the back of likely higher passenger traffic, the domestic aviation industry’s net losses may reduce to Rs 14,600 crore from an estimated a net loss of Rs 21,000 crore this fiscal.
The rating agency has maintained its ‘negative’ credit outlook on the Indian aviation industry. It expects debt levels to remain high in 2020-21 and 2021-22, and the industry may require a capital infusion of Rs 35,000 crore-37,000 crore between 2020-21 and 2022-23.