Aviation Sector Update - Feb`21 air traffic steady; Mar`21 could be hit by rising covid cases By ICICI Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Total Indian air traffic stands at 7.8mn/45.7mn in Feb’21/11MFY21TD. Market share indicates stability with IndiGo at 54% and Vistara at 6.7%, while Spicejet / Go Air / Air Asia declined 50bps / 80bps / 20bps on MoM basis to 12.3% / 7.4% / 6.7%, as of Feb’21, respectively. Air India has reported an increase of 140bps on MoM basis to 11.7% in Feb’21. PLFs have remained sub-80% for all carriers in Feb’21. Air India Feb’21 PLF at 78% is a positive surprise considering IndiGo, Vistara and Air Asia reported Feb’21 PLFs of 74%, 74% and 68%, respectively. Air India has also reported a healthy OTP of 80.4% in Feb’21. Total daily air traffic improved from 236k in Dec’20 to 249k in Jan’21 to 279k in Feb’21. However, with rising covid cases, Mar’21 daily traffic declined to 256k in first week and 249k in second week.
To Read Complete Report & Disclaimer Click Here
For More ICICI Securities Disclaimer https://www.icicisecurities.com/AboutUs.aspx?About=7
Above views are of the author and not of the website kindly read disclaimer
