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Aviation Sector Update - Average daily flier dips further to 65K By ICICI Securities
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Weekly average daily fliers came in at 65k in the week ended (W.E) 15th May’21 vs 82k in the W.E. 8 th May’21. For the W.E. 15th May’21, average number of departures declined sharply to 952 vis-à-vis 1,140 in the prior week. The number of fliers per departure declined to 68 from 72 in the respective weeks (this implies a PLF below 50%).
Average daily fliers dipped 21% WoW due to 16% drop in departures and 6% drop in the number of fliers per departure. Dip in traffic is largely attributable to travel restrictions in line with covid guidelines and higher number of covid cases.
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