ICICI Securities: India’s Daily Fliers Weekly Average Inching Towards 80,000 
A sign displaying gate information is displayed as travelers wait in line at the drop-off point to enter Terminal 3 of the Indira Gandhi International Airport in New Delhi, India. (Photographer: T. Narayan/Bloomberg)

ICICI Securities: India’s Daily Fliers Weekly Average Inching Towards 80,000 

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

Weekly average daily fliers came in at 38,000, 60,000, 68,000, 66,000, 65,000, 68,000, 66,000, 65,000, 69,000, 75,000 and 79,000 in the first, second, third, fourth, fifth, sixth, seventh, eighth, ninth, tenth and eleventh week respectively post the resumption of domestic air travel from May 25, 2020 versus 391 average daily fliers in the months of May-June-July 2019.

The number of fliers per departure increased to 95 in the week ending August 08, 2020 versus 90 in the week ending August 01, 2020. Average departures remained unchanged at 833 per day for the same period.

These are early trends and should improve going ahead at a rate that would depend upon the trajectory of Covid-19 impact. Since the resumption of domestic air travel, number of departures per day has averaged at 737, which is 26% of the average number of daily departures registered in May-June-July 2019.

Click on the attachment to read the full report:

ICICI Securities Aviation_Update_10Aug20.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 brokerage 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.