In this article, it is mention that Altman Z – Score model is tool which may be used to predict the probability of a firm that will goes into bankruptcy within two years. This model is used to predict corporate defaults and easy to calculate control measure for the financial distress status of companies in academic studies. Z -Score model is uses to calculate multiple corporate income statement and balance sheet to measure the financial health of a company. The Novel Corona Virus disease has

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... erally affected the Airline industry with decline of 70% to 75% in their business. Under this study, the main focus is been given to assess the current financial health of major listed Indian Airline companies by employing the methodology 'Altman Z – Score' model. The study has resulted that a very high percentage of companies classified in the distress zone i.e., Vulnerable to bankruptcy stage and most of the firms are running on negative working capital. In addition, a few numbers of Airline companies are of the opinion that they had a huge barrier to entry and frequently increasing in cases of bankruptcy in India. At present, the Airline sector is financially weak and there is a possibility of insolvency in the coming years. Lastly, in order to sustain the Airline industry, it requires support from the government and financial authorities to operate in difficult times by extending or reforming and relaxation on borrowings to support or boost the industry.