Motilal Oswal: How Airlines Weathered The Pandemic And The Road Ahead
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Motilal Oswal Report
It’s been six months since the resumption of domestic flight operations in India (post complete grounding over April–May 2020).
Domestic operations in India are still approximately 50% of pre-Covid-19 levels, recording a gradual improvement over these last six months.
Globally, domestic market revenue passenger kilometres stands at ~60% of pre-Covid-19 levels, primarily driven by growth witnessed in China and Russia.
China, which came out of lockdown before other countries, has almost achieved pre-Covid levels, with passenger load factors reaching ~78% mark in October 2020 (versus ~66% in India).
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