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Aviation Sector Update - Average Daily Flier Touches 3 Lakh, Rising Covid Cases Pose A Threat To Traffic Recovery: ICICI Securities

Aviation Sector Update-Average Daily Flier Touches 3 Lakh, Rising Covid Cases Pose A Threat To Traffic Recovery: ICICI Securities

Aircraft operated by IndiGo, and AirAsia stand at the international airport in New Delhi. (Photographer: T. Narayan/Bloomberg)
Aircraft operated by IndiGo, and AirAsia stand at the international airport in New Delhi. (Photographer: T. Narayan/Bloomberg)

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 299k in the week ended February 20, 2021 vs 272k in the week ended February 13, 2021.

The count increased from 38k to 299k in the first 37 weeks post the resumption of domestic air travel w.e.f. May 25, 2020.

For the week ended February 20, 2021 average number of departures per day increased to 2,343 vis-à vis 2,272 in the week ended February 13, 2021.

The number of fliers per departure increased to 128 in the week ended February 20, 2021 vs 120 in the week ended February 13, 2021.

Click on the attachment to read the full report:

ICICI Securities Aviation Update 22 February 2021.pdf

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