Wednesday, February 10, 2021

India's Jan air travel growth slows due to higher capacity: ICRA

New Delhi: India's January air travel growth slowed sequentially due to higher capacity, rating agency ICRAsaid on Monday. According to ICRA Vice President Kinjal Shah, the passenger load factor (PLF) last month was lower than 74 percent in December 2020, due to a rise in capacity deployment by 7 percent. The Ministry of Civil Aviation had permitted increasing the capacity to 45 percent, with effect from June 27, 2020, post the initial recommencement of operations of the scheduled domestic flights, with effect from May 25, 2020, to a limited extent. It further permitted increasing the capacity to 60 percent, with effect from September 2, 2020, to 70 percent, with effect from November 11, 2020, and further to 80 percent with effect from December 3, 2020. 

09/02/21 Sentinel 

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