Significant losses expected for India airlines Traders eye higher exports as domestic demand suffers The lockdown in India has affected India’s aviation sector further amid the coronavirus pandemic as air traffic passenger rates dwindles, pressuring jet fuel prices to dip to record lows. On Tuesday, India announced a lockdown in the entire country, marking the most drastic action to contain the spread of the coronavirus. Prior to the lockdown, analysts said that the coronavirus pandemic was already having an unprecedented impact on the Indian aviation sector. Sydney based consultancy CAPA – Centre for Aviation said in its latest analysis that the travel restrictions imposed by governments around the world have led to reduced air traffic down to a trickle, adding that discretionary travel for business, leisure, social, education, employment or religious reasons has “all but evaporated.” […]