The worst is over for India's civil aviation sector as passenger traffic is fast reaching pre-COVID levels.
At the same time, the industry's debt level is also expected to increase to around Rs 500 crore (excluding lease liabilities) over 2021-22.
A total of 961 flights arrived today while 960 were departed across various airports, the Ministry informed.
CAPA India warned that unwillingness of promoters, bankers and government to provide support to the aviation industry will impact the air connectivity.
Civil aviation minister Hardeep Puri on Saturday said that currently nearly 70,000 passengers use domestic flights on daily basis.
The airline said it expects to have reduced its fleet size by around 51 aircraft to approximately 302 by the end of September.
The chaos and difficulty in resuming operations have dented gains made by aviation sector stocks last week.
Ajay Singh estimates that while domestic travel will open phase-wise in a week (May 22), international travel might take a few months or more.
The suspension of services and disallowing airlines to make advance bookings dried up all their major sources of revenue.
IATA said its latest estimates indicate a worsening of the country impact from the COVID-19 crisis in the Asia-Pacific region.
The survey also revealed that there may be increased scrutiny placed on the health and sanitary conditions of individual countries that could impact air service and passenger demand.
Senior officials of Ministry of Civil Aviation and CEOs of Indian airlines companies met on Wednesday afternoon on the issue of cancellation refunds during the coronavirus lockdown period.
Airlines refuse to refund for cancelled tickets during extended lockdown, offer to reschedule instead
Domestic airlines have decided not to refund the customers in cash for their cancelled flights and instead offer them rescheduling of tickets for a later date without any additional fee.
The agency, on Thursday said the de-growth was largely driven by higher airfares in the wake of large scale flight cancellations following shutting down of Jet Airways.
Globally, the livelihoods of some 65.5 million people are dependent on the aviation industry, including sectors such as travel and tourism. Among these are 2.7 million airlines jobs.