ICICI Securities: India’s Daily Fliers Weekly Average Inches Higher To 1.35 Lakh
A SpiceJet Ltd. aircraft prepares to land at Terminal 3 of Indira Gandhi International Airport in New Delhi, India (Photographer T. Narayan/Bloomberg)

ICICI Securities: India’s Daily Fliers Weekly Average Inches Higher To 1.35 Lakh

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

For the week ended Sept. 26, 2020, average number of departures/day increased sharply to 1,442 as compared to 1,379 in third week of September 2020 but number of fliers per departure remained steady at 95.

As per the latest data from Directorate General of Civil Aviation for the month of August 2020, number of passenger grew 34% month on month to 2.83 million.

In August 2020, all major airlines showed an improvement in passenger load factor, of which SpiceJet Ltd. reported highest passenger load factor of 76%.

As on August 2020, Indigo’s market share remained steady at 59%.

Click on the attachment to read the full report:

ICICI Securities Aviation Update.pdf

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