Aviation Update - Steep Fall In Daily Average Flier Count On Expected Covid-19 Impact: ICICI Securities
An aircraft operated by IndiGo, a unit of InterGlobe Aviation Ltd., prepares to land at Chhatrapati Shivaji International Airport in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Aviation Update - Steep Fall In Daily Average Flier Count On Expected Covid-19 Impact: 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 1,52,000 in the week-ended April 24, versus 1,93,000 in the week-ended April 17.

For the week-ended April 24, average number of departures declined sharply to 1,840 vis-a-vis 2,130 in the prior week.

The number of fliers per departure declined to 84 from 90 in the respective weeks.

Average daily fliers dipped 21% week-on-week led by 15% drop in departures and 7% drop in number of fliers per departures.

Rising Covid-19 cases and increasing lockdown restriction from various states will remain an overhang on air traffic.

Click on the attachment to read the full report:

ICICI Securities Aviation Sector Update.pdf

DISCLAIMER

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.