STOCK MARKET BSE NSE

Domestic air passenger traffic at 10-year low 

According to ratings agency ICRA, one has to go back all the way to  financial year 2010-11 for a lower traffic figure of 53.8 million passengers on local air routes.

Published: 07th April 2021 04:10 AM  |   Last Updated: 07th April 2021 10:46 AM   |  A+A-

airport, flight, aeroplane

For representational purposes (File Photo | PTI)

By Express News Service

NEW DELHI:  India’s domestic air passenger traffic dived to a 10-year low during the previous financial year ended March 2021 at an estimated 53.4 million. The impact of the pandemic and subsequent lockdowns had effectively removed two months of flight operations last summer. 

According to ratings agency ICRA, one has to go back all the way to  financial year 2010-11 for a lower traffic figure of 53.8 million passengers on local air routes.

Domestic passenger traffic in March 2021 alone has been estimated at around 77-78 lakh, a marginal decline of about 1 per cent over February during which airlines had flown around 78.30 lakh passengers. 

“For FY21 (May 25, 2020 till March 31, 2021), domestic passenger traffic has been pegged at  around 53.4 million, a year-on-year  decline of  about 62 per cent over the fiscal ended March 31, 2020, in line with ICRA’s estimates,” the report said. ICRA also noted that the recent spike in cases poses a crucial challenge for the sector’s recovery. 

Meanwhile, local airlines’ capacity on offer during March 2021 was around 2 per cent  higher at around 71,300 departures compared to 69,910 departures the previous year.

During the month, average daily departures were  around 2,300, higher than the average daily departures of 2,255 in March 2020, “owing to the cessation of domestic travel for the last seven days of the month during the previous fiscal year, and marginally higher than  around 2,296 in February this year,” said Kinjal Shah, Vice President ICRA. 



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp