Mumbai: Domestic air traffic is expected to drop to 80-90 million passengers in the current fiscal and delivery of more than 200 planes to Indian carriers are likely to be deferred by up to two years, according to a report.
"The combination of COVID-related travel restrictions and an economic downturn is likelyto result in 1Q FY2021 being a virtual washout for the Indian industry.
"The second quarter is historically the weakest period for demand and hence airlines are only likely to limp back into recovery," aviation consultancy CAPA India said on Monday.
As a result, CAPA said the majority of the fleet is likely to be surplus to requirement during the first half of the current financial year.
In its report titled 'COVID-19 & the State of Indian Aviation Industry,' the aviation consultancy forecast domestic traffic to decline to around 80-90 million this fiscal from an estimated 140 million in FY2020.
International traffic is expected to fall from approximately 70 million in the previous financial year to 35-40 million passengers or may be even less in the current fiscal.
While giving the forecast, CAPA India said it is initial estimate and would be continually revised.
06/04/20 PTI/Business Standard
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"The combination of COVID-related travel restrictions and an economic downturn is likelyto result in 1Q FY2021 being a virtual washout for the Indian industry.
"The second quarter is historically the weakest period for demand and hence airlines are only likely to limp back into recovery," aviation consultancy CAPA India said on Monday.
As a result, CAPA said the majority of the fleet is likely to be surplus to requirement during the first half of the current financial year.
In its report titled 'COVID-19 & the State of Indian Aviation Industry,' the aviation consultancy forecast domestic traffic to decline to around 80-90 million this fiscal from an estimated 140 million in FY2020.
International traffic is expected to fall from approximately 70 million in the previous financial year to 35-40 million passengers or may be even less in the current fiscal.
While giving the forecast, CAPA India said it is initial estimate and would be continually revised.
06/04/20 PTI/Business Standard
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