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ICICI Securities Report
Weekly average daily fliers came in at 38,000 / 60,000 / 68,000 / 66,000 / 65,000 / 68,000 / 66,000 / 65,000 / 69,000 / 75,000/ 79,000 / 86,000 in first / second / third /fourth/fifth/sixth /seventh / eighth / nineth / tenth /eleventh/ twelfth week respectively post the resumption of domestic air travel from May 25, 2020 versus 391 average daily fliers in the months of May-June-July 2019.
For the week ended August 15, 2020, number of fliers per departure remains broadly at 95 (94 start of June) while weekly average number of departures/day stood at 898 (660 start of June).
These are early trends and should improve going ahead at a rate that would depend upon the trajectory of Covid-19 impact.
As per the latest data from Directorate General of Civil Aviation (DCGA) for the month of July 2020, number of passengers growth improved 6% month on month basis.
As on July 2020, Indigo’s market share stood at 60% versus 53% in June 2020.
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