Aviation Sector Update - Steep fall in daily flier count to 152k on expected covid impact By ICICI Securities
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Steep fall in daily flier count to 152k on expected covid impact
Weekly average daily fliers came in at 152k in the week ended (W.E) 24th Apr’21 vs 193k in the W.E. 17th Apr’21. For the W.E. 24th Apr’21, average number of departures declined sharply to 1,840 vis-à-vis 2,130 in the prior week.
The number of fliers per departure declined to 84 from 90 in the respective weeks. Average daily fliers dipped 21% WoW led by 15% drop in departures and 7% drop in number of fliers per departures. Rising covid cases and increasing lockdown restriction from various states will remain an overhang on air traffic.
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
Tag News
Quote on Outlook for QSR, Aviation, and Hospitality Sectors Says Gaurang Shah, Geojit Financ...
More News
India Real Estate Update - Mindspace Business Parks REIT announces results for 4QFY22 and FY...
