Aviation Sector Check - Average Daily Traffic Count Crosses One Lakh: ICICI Securities

Travelers wearing protective mask wait outside at Netaji Subhas Chandra Bose International Airport in Kolkata, India. (Photographer: Arco Dato/Bloomberg).

Aviation Sector Check - Average Daily Traffic Count Crosses One Lakh: ICICI Securities

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.

ICICI Securities Report

Weekly average daily fliers came in at 103,000 in the week ended June 19, 2021 versus 83,000 in the week ended June 12, 2021.

For the week ended June 19, 2021, average number of departures increased sharply to 1,195 vis-a-vis 1,003 in the prior week.

The number of fliers per departure increased marginally to 86 in the week ended June 19, 2021 versus 83 in the prior week.

Average daily fliers grew 23.7% week-on-week due to 19.2% growth in departures and 4% growth in number of fliers per departure.

As per data release from Directorate General of Civil Aviation, passenger load factors declined sequentially in May 2021

Click on the attachment to read the full report:

ICICI Securities Aviation update 21 June 21.pdf

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