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Published on 27/11/2020 10:59:27 AM | Source: ICICI Securities Ltd

Aviation Sector Update - Average daily fliers reaches 150K, fliers per departure surpasses 100 By ICICI Securities

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

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Average daily fliers reaches 150K, fliers per departure surpasses 100

Weekly average daily fliers (‘000) came in at 38 / 60 / 68 / 66 / 65 / 68 / 66 / 65 / 69 / 75/ 79 / 86 / 92 / 100 / 124 / 115 / 133 / 135 / 149 in 1st / 2nd / 3rd / 4 th / 5 th / 6 th / 7 th / 8 th / 9th / 10th / 11th / 12th / 13th / 14th / 15th / 16th / 17th /18 th / 19th week respectively post the resumption of domestic air travel from 25th May’20. For the week ended 03rd Oct’20, average number of departures/day increased to 1,459 as compared to 1,442 in fourth week of Sep’20 and number of fliers per departure improved to 102.

As per the latest data from DCGA for the month of Aug’20, PAX grew 34% MoM to 2.83mn. In Aug’20, all major airlines showed an improvement in PLF, of which Spice reported highest PLF of 76%. As on Aug’20, Indigo’s market share remained steady at 59%. 

 

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