U.S. markets closed
  • S&P 500

    4,422.30
    +10.51 (+0.24%)
     
  • Dow 30

    35,144.31
    +82.76 (+0.24%)
     
  • Nasdaq

    14,840.71
    +3.72 (+0.03%)
     
  • Russell 2000

    2,216.92
    +7.27 (+0.33%)
     
  • Crude Oil

    72.19
    +0.12 (+0.17%)
     
  • Gold

    1,797.20
    -4.60 (-0.26%)
     
  • Silver

    25.25
    +0.01 (+0.05%)
     
  • EUR/USD

    1.1809
    +0.0039 (+0.33%)
     
  • 10-Yr Bond

    1.2760
    -0.0100 (-0.78%)
     
  • GBP/USD

    1.3820
    +0.0066 (+0.48%)
     
  • USD/JPY

    110.3790
    -0.1310 (-0.12%)
     
  • BTC-USD

    37,768.74
    +3,229.23 (+9.35%)
     
  • CMC Crypto 200

    905.01
    -10.48 (-1.14%)
     
  • FTSE 100

    7,025.43
    -2.15 (-0.03%)
     
  • Nikkei 225

    27,833.29
    +285.29 (+1.04%)
     

India’s refusal to bail out airlines is putting them on the verge of collapse

·4 min read
India’s refusal to bail out airlines is putting them on the verge of collapse

For nearly a decade now, India’s aviation industry has survived despite experiencing one rough patch after another. The Covid-19 outbreak followed by months of lockdown and the ensuing need for social distancing came to haunt India’s aviation industry at a time when it was already struggling with high fuel prices and massive tax burdens.