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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. Photo Credit : 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. ....
Read more about Domestic air passenger traffic nosedives to 1.92 million in May: Report on Business Standard. 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 ....
Domestic airport sector likely to incur net loss of Rs 5,400 crore this fiscal: Icra freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The domestic airport sector is expected to incur a net loss of Rs 5,400 crore, and cash loss of Rs 3,500 crore in FY21, impacted by a 66 per cent year-on-year slip in passenger traffic amid COVID-19 induced travel restrictions, rating agency Icra said in a note on Monday. It also said that given the significant delays in tariff orders in the past, timely tariff orders of regulator Airports Economic Regulatory Authority, which adequately compensates for the ongoing Capex and revenue loss due to COVID remains critical from the credit perspective. According to the agency, domestic passenger traffic may drop by 61 per cent, while the international passenger traffic will nose dive by 85 per cent in 2020-21. ....