Pakistan's airspace closure to Indian aircraft has now stretched into its 10th consecutive day, causing significant disruption to Indian aviation operations. With more than 1,000 flights impacted, major airlines like Air India, IndiGo, SpiceJet, and Akasa Air have been grappling with considerable financial losses.
$ETH Indian carriers are said to have incurred over Rs. 2 billion in losses, driven by factors like soaring fuel costs, longer detours, and flight cancellations. Flights bound for key destinations, such as Dubai and regions in Central Asia, are facing considerable delays, with some travelers experiencing delays of up to 10 hours beyond their scheduled arrival times.
$BTC The ripple effect is also being felt by passengers, as several flights have been abruptly canceled without offering refunds, and additional crew changes in Europe have further inflated operating expenses. This situation closely mirrors a similar crisis from 2019, when Indian airlines suffered losses amounting to Rs. 7 billion due to a comparable airspace restriction.
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