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Air passenger traffic may decline 45-50% in FY21: Icra

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MUMBAI : Air passenger traffic in the country is expected to remain under pressure for the first half (April-September) of the current fiscal, with the full year passenger volume likely to go down by about half despite some recovery in H2 FY21, ratings agency Icra said on Wednesday.

Recovery in air travel demand in a meaningful manner is expected towards FY2022 and passenger traffic levels of 345 million recorded in the year ended March 2019 are likely to be surpassed only by FY2023, it added.

It also said the aviation infrastructure industry is amongst the most severely impacted by the COVID-19 crisis and the setback is expected to be substantial in the near term. "There prevails considerable uncertainty in air traffic recovery timeline

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
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Deaths: 237 619
Recovered: 0
Detail statistic
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