India Aviation - Continued Recovery In Domestic Air Travel In July As Covid-19 Infection Trajectory Drop: ICRA
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.
ICRA Research Report
For July 2021, domestic passenger traffic is estimated at ~48-49 lakh, implying a sequential growth of ~56-57% compared to ~31.1 lakh in June 2021, and a YoY growth of ~132%.
The airlines’ capacity deployment for July 2021 was around 90% higher than July 2020.
On a sequential basis, the number of departures in July 2021 were higher by ~49%, as Covid-19 infections demonstrated a downward trajectory.
The Ministry of Civil Aviation permitted increasing the capacity deployment on domestic routes to 65% with effect from July 5, 2021, applicable up to July 31, 2021.
The aviation turbine fuel prices in August 2021 have been higher by 55.3% on a YoY basis, attributed to the low base of August 2020, when the prices declined YoY by 30.5% due to the impact of the pandemic.
Click on the attachment to read the full report:
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.