Average load factors are still around 55% and most of the bookings are for travel within seven days
The drop in domestic air traffic in May was due to the second wave of the Covid-19 pandemic that had badly hit the country and its aviation sector
India's domestic passenger traffic slipped to a 10-year low at an estimated 53.4 million in the just-concluded financial year, a report said.
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India's civil aviation ministry has allowed airlines to operate 80 per cent of capacity
This is even as passenger traffic was up 12 per cent sequentially over November 2020, ratings agency Icra said
Rajiv Bansal adds that this is significantly lower than the cash loss incurred in 2018-19
According to IATA's assessment, COVID-19 vaccine won't be widely available till the second half of 2021
AirAsia India saw an increase in market share and reported the best on- time performance (OTP) among all airlines in October
IATA has urged the civil aviation ministry to reverse the decision and work with the industry on a business recovery plan
The IATA has downgraded its traffic forecast for 2020 to reflect a weaker-than-expected recovery as evidenced by a dismal end to the summer travel season in the northern hemisphere
However, Miniratna firm won't cut planned capex of Rs 5,000 cr for FY21
Indian airlines resumed their domestic operations from 25 May after being grounded for two months due to the lockdown to contain Covid-19 pandemic
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For June, the domestic passenger traffic was 1.95 million, as against 11.2 million in June 2019, a de-growth of 83.7 per cent over the year-ago period
With 262 planes, IndiGo operated over 1,500 daily flights prior to March 24 but is now operating around 350 scheduled flights a day, which is putting a pressure on its finances
Altogether, the Covid-19 outbreak will wipe almost half of airport revenues in 2020, it said
Delhi airport settles for talks; AAI refuses waiver but agrees to deferred payment
Air Deccan served four destinations within Gujarat
The minister cited the International Air Transport Association (IATA) figures and said the aviation sector could be facing losses in the tune to $63 billion to $113 billion.