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