Domestic air traffic nosedives to 19.20 lakh passengers in May: Icra

04 Jun 2021 Evaluate

Rating agency Icra in its latest report stated that 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. With such a sharp fall, the domestic passenger traffic reached lower than the June-July 2020 levels. 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.

Kinjal Shah, Vice President and Co-Group Head at Icra said for May 2021, the average daily departures were around 900, significantly lower than around 2,000 in April 2021. The average number of passengers per flight during May was 72, against an average of 93 passengers per flight in April 2021. The gradual decline depicts the continuing stress on demand, driven largely by the second wave of COVID-19, limiting travel to only necessary travel, while both leisure and business travel have been curtailed due to various state-wide restrictions and the spread of the infections.

The report said the international passenger traffic, which is being carried out under Vande Bharat Mission and air bubble pacts with various countries in the absence of regular commercial international flight services since late March last year, stood at around 1.4 lakh, a sequential decline of around 96 per cent. This was due to the cancellation of flights to/from India by many countries like the US, the UK, Singapore, Kuwait, France, Canada, Australia, Iran, Indonesia and the UAE, which had air bubble pact or are under the VBM, citing the increasing coronavirus cases.

The agency noted that the international operations through VBM or the ATB route were the only source of revenue for airlines and the cancellation of flights by the destination countries will further impact the beleaguered domestic carriers. After ramping up the domestic capacity deployment for airlines from 33 per cent in late May last year to 80 per cent in December, the civil aviation ministry has again reduced it to 50 per cent of pre-COVID levels with effect from June 1 due to resurgence of the second wave of the pandemic following the domestic airlines urging the government to allow to do so amid weak demand.

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