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September 2021
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News Headlines
Former TT champ Martin to retire after world championships        Gill, Rana are about to shock the world: KKR chief mentor Hussey        Electrical equipment mkt may grow at 12 pc annually to reach USD 72 bn by 2025        Small cars too need adequate number of airbags to ensure safety, says Gadkari        Taliban-run Kabul municipality to female workers: Stay home        Nepal observes Constitution Day; PM Deuba vows to protect, implement statute        Adityanath releases report card; says UP has seen complete transformation under BJP rule        BJP uses Taliban, Afghanistan, Pakistan to garner votes: Mehbooba        Charanjit Singh Channi to be next CM of Punjab        Boxing: Mohammad Hussamuddin sails into QF        Leading garment exporter Kitex Group to invest Rs 2,400 cr in Telangana        Taliban continue restrictive policies on women's education, resume secondary school lessons only for male students        Sidhu is a 'friend of Pakistan', will oppose if he is appointed CM: Amarinder Singh        Schools in Kerala to reopen from Nov 1        Amarinder Singh resigns as Punjab CM, says will not accept Sidhu for top post        Sachin stuns World Championships medallist Gaurav Bidhuri        Sensex, Nifty snap winning streak, end in red        Rahul attacks BJP govt over unemployment issue        International community must think carefully, consult before giving acceptance to new Kabul regime: PM Modi        Kerala to allot 36.84 acres land to TCS, aims to create 10,000 jobs        
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Business News
Domestic air passenger traffic up 31% at 66 lakh in Aug on higher capacity deployment: ICRA
 
Mumbai: Domestic air passenger traffic continued on the growth trajectory in August with volumes growing up to 31 per cent to 66 lakh over the previous month, helped by higher capacity deployment and a downward trend in the pandemic, credit ratings agency ICRA said on Monday.

The domestic passenger traffic in July 2021 was 51 lakh, ICRA said in a release.

Domestic passenger traffic on a year-on-year basis, however, spiked around 131 per cent over August 2020 traffic of 28.3 lakh, it said.

The ratings agency said despite the continued recovery in the previous month, there is continued stress on demand, driven largely by the second wave of the pandemic, limiting travel to only necessary travel.

"The air travel demand has continued to register improvement and the same grew by around 30-31 per cent at around 65-66 lakh in August, compared to around 50.1 lakh in July 2021, signifying a y-o-y growth of around 131 per cent," Kinjal Shah, Vice President and Co-group Head for Corporate at ICRA, said.

The airlines' capacity deployment for August 2021 was around 99 per cent higher at around 57,500 departures, as against 28,834 departures in August 2020, Shah said, adding that on a sequential basis, the number of departures in August 2021 were higher by around 22 per cent, as Covid-19 infections demonstrated a downward trajectory.

"For August 2021, the average daily departures were at around 1,900, significantly higher than the average daily departures of around 900 in August 2020, and higher than around 1,500 in July 2021, though it remains lower than around 2,000 in April 2021," Shah said.

The average number of passengers per flight during August 2021 was 114, against an average of 106 passengers per flight in July 2021, she said.

Though the recovery continued in August 2021, there is continued stress on demand, driven largely by the second wave of the pandemic, limiting the demand to only necessary travel, while both leisure and business travel have been curtailed due to various state-wide restrictions, despite the decline in infections, she said.

The Civil Aviation Ministry permitted increasing the capacity deployment on domestic routes, gradually from 33 per cent, with effect from May 25, when domestic travel resumed after the first wave last year, to 80 per cent, with effect from December 3, 2020.

However, it reduced the permissible capacity deployment to 50 per cent of pre-Covid levels, with effect from June 1, 2021 due to the resurgence of the second wave of the pandemic.

It had again increased the permitted capacity to 65 per cent with effect from July 5, which has subsequently been increased to 75.2 per cent from August 12 this year, Icra said.

In addition, the ministry has also increased the minimum and maximum fare band by 10-13 per cent for domestic flights with effect from August 12, 2021 until August 31, 2021.

"In ICRA's view, the price increase may not materially impact the passenger traffic demand as in the current scenario, travel is limited to only necessary travel while both leisure and business travel have been curtailed due to various state-wide restrictions and the spread of the infections. However, it will allow airlines to recoup some part of the increase in jet fuel prices, thereby cushioning some impact on the airlines' losses, it stated.


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KERALA NEWS
Schools in Kerala to reopen from Nov 1
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Kerala to allot 36.84 acres land to TCS, aims to create 10,000 jobs
PDP leader Poonthura Siraj passes away
Rajya Sabha MP Suresh Gopi courts controversy
INTERNATIONAL NEWS
Taliban-run Kabul municipality to female workers: Stay home
 Kabul, Sep 19 (AP) Female employees in the Kabul city government have been told to stay home, with w
Nepal observes Constitution Day; PM Deuba vows to protect, implement statute
Taliban continue restrictive policies on women's education, resume secondary school lessons only for male students
International community must think carefully, consult before giving acceptance to new Kabul regime: PM Modi
NATIONAL NEWS
Adityanath releases report card; says UP has seen complete transformation under BJP rule
 Lucknow, Sep 19 (PTI) Asserting that Uttar Pradesh has undergone a complete transformation under his
BJP uses Taliban, Afghanistan, Pakistan to garner votes: Mehbooba
Sidhu is a 'friend of Pakistan', will oppose if he is appointed CM: Amarinder Singh
Rahul attacks BJP govt over unemployment issue
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