India's domestic air passenger traffic grows marginally in September: ICRA
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Ratings agency ICRA in its latest report has said that India's domestic air passenger traffic grew marginally 2-3 percent at around 69 lakh in September 2021 as compared to around 67 lakh in August 2021. The local carrier operated higher capacity at 54 percent in September 2021 over the same month last year.
The report further said compared y-o-y, air passenger traffic growth stood at around 74 percent in the month under review over September 2020. Airlines witnessed around 61,100 departures in September as compared to 39,628 departures in the same month of 2020. On a sequential basis, the number of departures in the month gone by were higher by around 6 per cent, as Covid-19 infections demonstrated a downward trajectory. For September 2021, average daily departures were at around 2,100, significantly higher than the average daily departures of around 1,321 in September 2020, and higher than around 1,900 in August 2021, though they remained lower than around 2,200 in January 2021.
As per to the report, the average number of passengers per flight during September was 113, against an average of 117 passengers per flight in August. Though the recovery continued in September, demand continues to be subdued from the corporate traveller segment as reflected by passenger traffic being lower by around 38 per cent in September compared to pre-Covid levels.
