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ICRA Research Report
For July 2021, domestic passenger traffic is estimated at ~48-49 lakh, implying a sequential growth of ~56-57% compared to ~31.1 lakh in June 2021, and a YoY growth of ~132%.
The airlines’ capacity deployment for July 2021 was around 90% higher than July 2020.
On a sequential basis, the number of departures in July 2021 were higher by ~49%, as Covid-19 infections demonstrated a downward trajectory.
The Ministry of Civil Aviation permitted increasing the capacity deployment on domestic routes to 65% with effect from July 5, 2021, applicable up to July 31, 2021.
The aviation turbine fuel prices in August 2021 have been higher by 55.3% on a YoY basis, attributed to the low base of August 2020, when the prices declined YoY by 30.5% due to the impact of the pandemic.
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