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

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