BW Businessworld
Domestic Air Passenger Traffic Nosedives To 19.20 Lakh In May: Report
The fare increase may not materially impact the passenger traffic demand as in the current scenario, the travel is limited to only necessary travel.
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Domestic air traffic nosedived to 19.20 lakh passengers in May from around 57.3 lakh in April, registering a sharp 65-67 per cent month-on-month contraction on account of the second wave of the pandemic, a report said on Thursday.
With such a sharp fall, the domestic passenger traffic reached lower than the June-July 2020 levels, rating agency Icra said.
At the same time, the airlines' capacity deployment for May was lower by around 54-55 per cent 27,700 departures, compared to about 60,300 departures in April this year, indicating the lower demand stemming from averseness of consumers to travel due to the rise in infections, it said.