BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
The recent spike in Covid-19 cases in India weighs heavily on the aviation sector, with flyers confidence tanking, leading to further delays in the recovery of demand.
Daily passenger demand dropped by approximately 13% to ~246,600 passengers in the last week of March 2021 (versus the last week of February 2021 – when the peak was recorded), resulting in no month-on-month improvement in traffic (still down ~37% to pre-Covid-19 levels).
In April 2021, demand further fell by ~5% from the last week’s average of March-21 to ~233,000 passengers per day.
As per our airfare tracker, yields in March-21 increased by 2-5% month-on-month, but down 13- 14% QoQ in Q4 FY21.
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