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Published on 11/05/2021 12:38:51 PM | Source: ICICI Securities Ltd

Average daily flier plunges to 82k - ICICI Securities

Posted in Broking Firm Views - Sector Report| #Aviation Sector #Sector Report #ICICI Securities

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Average daily flier plunges to 82k

Weekly average daily fliers came in at 82k (excluding the data for 3rd & 4th May due to unavailability) in the week ended (W.E) 8 th May’21 vs 126k in the W.E. 1 st May’21. For the W.E. 8 st May’21, average number of departures declined sharply to 1,140 vis-à-vis 1,549 in the prior week. The number of fliers per departure declined to 72 from 81 in the respective weeks (this implies a PLF of ~50%).

Average daily fliers dipped 35% WoW due to 26% drop in departures and 12% drop in the number of fliers per departure. Rising covid cases and increasing lockdown restrictions from various states will remain an overhang on air traffic.

 

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