India Aviation Sector - Continued Recovery In Domestic Passenger Traffic Seen In August: ICRA
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)

India Aviation Sector - Continued Recovery In Domestic Passenger Traffic Seen In August: ICRA

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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 August 2021, domestic passenger traffic is estimated at ~65-66 lakh, implying a sequential growth of ~30-31% compared to ~50.1 lakh in July 2021, and a YoY growth of ~131%.

The airlines’ capacity deployment for August-21 was around 99% higher than August 2020.

On a sequential basis, the number of departures in August-21 were higher by ~22%, as Covid-19 infections demonstrated a downward trajectory.

The Ministry of Civil Aviation permitted increasing the capacity deployment on domestic routes to 72.5% with effect from August 12, 2021, applicable up to August 31, 2021.

Click on the attachment to read the full report:

ICRA Airlines - September 2021.pdf

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