As a result of second wave of Covid-9 Indian carriers hit turbulence in April 2021 with a sharp decline in the number of flyers, said ICRA, the investment information and credit rating agency, today.
April 2021 witnessed a substantial sequential decline of about 29 per cent in domestic passenger traffic, indicating averseness of consumers to travel due to the spike in infections, said ICRA in a press release.
For April 2021, domestic passenger traffic is estimated at 55-56 lakh, implying a decline of about 29 per cent compared to 78.2 lakh in March 2021, added the agency. With this, the domestic passenger traffic has reached lower than the October 2020 levels. Official figures for April 2021 are yet to be released by DGCA.
After a complete ban for two months domestic schedule flights were restarted on May 25, 2020. Ministry of Civil Aviation permitted increasing the capacity gradually to 80 per cent with effect from December 3, 2020.
Since May 2020, according to DGCA data, number of flyers on domestic routes kept on increasing till February 2021. A slight decline was witnessed in March 2021.
The airlines’ capacity for April 2021 was lower by approximately 15 per cent compared to March 2021