Aviation Sector Update - Average Daily Flier Dips Further To 65,000: ICICI Securities

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

Aviation Sector Update - Average Daily Flier Dips Further To 65,000: 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 65,000 in the week ended May 15, 2021 versus 82,000 in the week ended May 08, 2021.

For the week ended May 15, 2021, average number of departures declined sharply to 952 vis-a-vis 1,140 in the prior week.

The number of fliers per departure declined to 68 from 72 in the respective weeks (this implies a passenger load factor below 50%).

Average daily fliers dipped 21% week-on-week due to 16% drop in departures and 6% drop in the number of fliers per departure.

Dip in traffic is largely attributable to travel restrictions in line with Covid-19 guidelines and higher number of Covid cases.

Click on the attachment to read the full report:

ICICI Securities Aviation Sector Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.