Wednesday, September 16, 2020

As airlines rev up, ministry’s data paints grim picture of Covid impact

Chandigarh: Even as the number of passengers being ferried by domestic scheduled airlines begins to show a consistent rise in the post-lockdown phase, a grim picture has emerged of the economic impact that the COVID-19 pandemic has had on the aviation sector.
Like in many other sectors, the period from April to July has been marred by drastic revenue losses and job cuts in the aviation industry, which now appears to be in the initial stages of the flight to recovery, which, however, may take time as the present figures are still way below last year’s.

“The passenger load factor in the month of August 2020 has shown some recovery due to increased demand after opening of lockdown,” the DGCA said on Wednesday after analysing traffic data submitted by various domestic airlines for the month.

In response to a question on the impact of COVID-19 in the aviation sector, Minister of State for Civil Aviation Hardeep Singh Puri on Wednesday said in Parliament that regulatory restrictions on flight operations in domestic and international sectors led to severe curtailment in operations and sub-optimal aircraft utilisation.

This resulted in the revenue of Indian carriers reducing from Rs 25,517 crore during April-June 2019 to Rs 3,651 crore during April-June 2020 and the revenue of airport operators has reduced from Rs 5,745 crore to Rs 894 crore during this period. State-owned Air India’s revenue fell from Rs 7,066 crore to Rs 1,531 crore.
16/09/20 Vijay Mohan/Tribune
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