India’s Air Traffic Steady In Feb; March Could Be Hit By Rising Covid-19 Cases: ICICI Securities
Travelers wearing protective mask sit outside at Netaji Subhas Chandra Bose International Airport in Kolkata, India. (Photographer Arco Dato/Bloomberg)

India’s Air Traffic Steady In Feb; March Could Be Hit By Rising Covid-19 Cases: ICICI Securities

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.

ICICI Securities Report

Total Indian air traffic stands at 7.8 million/45.7 million in February 2021/11-months FY21-to-date.

Market share indicates stability with Interglobe Aviation Ltd. at 54% and Vistara at 6.7%, while Spicejet Ltd./ Go Air / Air Asia declined 50 basis points / 80bps / 20bps on month-on-month basis to 12.3% / 7.4% / 6.7%, as of Feb-21, respectively.

Air India has reported an increase of 140bps on month-on-month basis to 11.7% in Feb-21.

Plant load factors (PLF) have remained sub-80% for all carriers in Feb-21.

Air India Feb-21 PLF at 78% is a positive surprise considering IndiGo, Vistara and Air Asia reported Feb-21 PLFs of 74%, 74% and 68%, respectively.

Click on the attachment to read the full report:

ICICI Securities Aviation Update.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 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.