The Rise in the Price of Aviation Turbine Fuel Is a Concern, Says ICRA
Domestic air passenger traffic grew by 15% at around 104-105 lakhs in November 2021, compared to 89.85 lakh in October 2021.
- The average daily departure in November 2021 stood at 2,700.
- Omicron threat could slow down the aviation industry’s performance.
- The aviation turbine fuel prices has shown a sharp increase of 67.3% on a Y-o-Y basis till December 2021.
According to the credit rating agency ICRA, the domestic air passenger traffic grew by 15-16% at around 104-105 lakhs in November 2021. There is also a year-on-year growth of 64%. About 80,750 flight departures happened in November 2021, against 54,132 departures in November 2020. On a sequential basis, the number of departures in November 2021 was higher by 12%, as COVID-19 infections demonstrated a downward trajectory. For November 2021, the average daily departures stood at 2,700, significantly higher than the average daily departures of 1806 in November 2020. In October, the average daily departure was recorded at 2400. During the surge of the second wave of the pandemic, in June 2021, the Ministry of Civil Aviation (MoCA) had reduced the permissible capacity of airlines to 50%. It had subsequently increased the permitted capacity to 72.5% in August 2021, increasing the capacity further to 85% with effect from September 2021. MoCA restored the capacity to 100% recently in October 2021. The change has been reflected in the number of passengers travelled. The average number of passengers per flight during November 2021 was close to 129, against an average of 125 passengers per flight in October 2021.
Upcoming Greenfield Airports in India to Cater for the Needs of Growing Air Passenger Traffic
Have a breaking news, inside story, scoop?
Write to us, your anonymity is our priority at news [at] aviationscoop.com/
Want to be featured on Aviationscoop?
Send us your articles, stories, suggestions, feedback at news [at] aviationscoop.com
Latest Flight Review
No Recent Comments....!
- No Most discussed posts - 1 week ago....!
- No Trending posts - 1 weeks ago....!