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Published on 21/08/2020 12:44:57 PM | Source: ICICI Securities Ltd

Aviation Sector Update - Daily fliers remain range bound between 65k to 70k By ICICI Securities

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

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Daily fliers remain range bound between 65k to 70k

Weekly average daily fliers (‘000) came in at 38 / 60 / 68 / 66 / 65 / 68 / 66 / 65 in 1st / 2 nd / 3 rd /4th/5th/6 th /7 th / 8th week respectively post the resumption of domestic air travel from 25th May’20 vs 391 average daily fliers in the months of May’19/Jun’19./Jul’19. The number of fliers per departure dipped to 83 in the week ending 18th Jul’20 vs 87 in the week ending 11th Jul’20. Average departures increased from 750/day to 780/day for the same period. These are early trends and should improve going ahead at a rate that would depend upon the trajectory of Covid19 impact. Since the resumption of domestic air travel, number of departures per day has averaged at 707, which is 25% of the average number of daily departures registered in May’19, Jun’19 and Jul’19.

 

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