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Domestic flight occupancy drops 15% as Coronavirus sparks fear of flying

With domestic travel, generating bulk of the revenue for carriers slowing down, the slump in crude oil price will provide limited relief for airlines

Aviation turbine fuel price had risen 60 per cent since mid-2016, adding to the airlines’ woes.
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A cursory glimpse of fares on the Chennai-Bengaluru route shows that tickets for the same day were being sold for Rs 1,100 lower or equal to fare of a Volvo bus.

Aneesh PhadnisArindam Majumder Delhi/Mumbai
Fresh bookings and occupancy in domestic flights have dropped by almost 15 per cent in the last few days as customers defer or cancel trips over fears of coronavirus.
 
With domestic travel, generating bulk of the revenue for carriers slowing down, the slump in crude oil price will provide limited relief for airlines.
 
International air travel to and from India has already been hit due to travel ban and warning issued by many countries, including those from West Asia.  According to analysts at JM Financial Institutional Securities, the international air route mix is 19 and 25 per cent