not enough cash flow to sustain operations | #socialmedia

India’s private airport operators want the Centre to provide them relief amidst an extremely challenging environment.

“Relief measures are required not only to ensure sustaining operations at airports, but also needed to save jobs and allow economic recovery of the airport sector,” the Association of Private Airport Operators said in a statement.

According to APAO, while the first wave of the pandemic had already wiped out traffic in FY21, denting the financials of the airports, the onset of the second wave of Covid-19 has further compounded the crisis as domestic passenger traffic has dropped to less than 18-25 per cent of pre-Covid levels.

“Furthermore, international traffic, which is invariably the high yield segment for airports, has been suspended for the last 14 months and there are no sign of restart of scheduled operations in near future.

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