Credit rating agency Icra said on Wednesday that India’s domestic air-passenger traffic grew by 2-3% to around 69 lakh in September, compared to around 67 lakh in August.
When compared year-on-year (YoY), the growth of air-passenger traffic in the month under review as compared to September 2020 was around 74%.
Airlines saw around 61,100 departures in September, compared to 39,628 in the same month of 2020, it said, on a sequential basis, the number of departures in the month was nearly 6% higher, as demonstrated by COVID-19 infections. a downward trajectory.
The average number of passengers per flight during September was 113, while the average number of passengers per flight in August was 117.
Icra said Aviation Turbine Fuel (ATF) prices have witnessed a sharp increase of 78.6% year-on-year till October 2021, with lower capacity utilization of the aircraft fleet impacting the financial performance of the Indian carrier in FY22. Will stay
In addition, the credit profiles of most Indian carriers are characterized by weak liquidity position, it added.
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