Mumbai: Domestic passenger traffic is likely to witness a month-on-month drop of 15%-17% in April, said credit rating agency ICRA in a report released on Wednesday.
Shubham Jain of ICRA said, “The average daily number of passengers departing in March 2021 stood at 2.49 lakh. From April 6 to April 11, domestic passenger traffic dipped by 11%-12% compared to the March average. With rising Covid cases and fresh restrictions in many states till April 30, domestic passenger traffic is expected to be lower by 15%-17% month-on-month in April 2021.”
Domestic passenger traffic was on the rise since May 25 last year when flights resumed after lockdown. Consequently, domestic traffic was expected to grow at 125% in FY2022 after an estimated drop of 61% in FY2021, said ICRA. But the second wave and the restrictions it brought about has altered those projections.