Indian Aviation - Domestic Air Travel Ascends In June, As Covid-19 Infection Trajectory Moves Down: ICRA
Travelers wearing protective mask sit outside at Netaji Subhas Chandra Bose International Airport in Kolkata, India. (Photographer Arco Dato/Bloomberg)

Indian Aviation - Domestic Air Travel Ascends In June, As Covid-19 Infection Trajectory Moves Down: 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

The outlook reflects our view that the financial performance of Indian airlines is likely to remain weak in the near-to-medium term amid weak air traffic, following continued restriction on international travel and subdued demand for domestic travel, owing to the sharp rise in infections.

Notwithstanding the improving pace of vaccination, the measures taken to curb the rising infections continue to weigh on the recovery prospects of Indian carriers.

Furthermore, the credit profile of most Indian carriers continues to be characterised by a weak liquidity position.

Click on the attachment to read the full report:

ICRA Airlines July 2021.pdf

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