financetom
Economy
financetom
/
Economy
/
Daily air passenger traffic crosses 3-lakh mark after 45 days, sharp recovery seen
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Daily air passenger traffic crosses 3-lakh mark after 45 days, sharp recovery seen
Feb 21, 2022 9:50 AM

The demand for air travel has picked up at a sharp pace since the last week. The daily air traffic has crossed the 3-lakh mark after a gap of 45 days and the daily demand for air travel has remained above 300,000 passengers since February 18.

The daily air traffic over the last three days have been recorded at 310,288 passengers, 324,537 passengers, and 341,695 passengers on February 18, February 19, and February 20 respectively. The air travel demand in February so far was highest on February 20 at 341,695 passengers or at 85 percent of the pre-COVID level.

The trend over the last week i.e. February 14-20 has been promising for the Indian aviation stakeholders as the demand has started to make a comeback after the Omicron-induced weakness. The air passenger traffic during February 14-20 rose by 18 percent on the week and the departures during the last seven days also increased by 14 percent the week.

Also Read:

IndiGo’s first sustainable aviation fuel flight lands in Delhi; all you need to know about the green fuel

It is important to note that the highest air passenger traffic since the onset of COVID was recorded on November 21, 2021, at 393,245 passengers or at 98 percent of the pre-COVID level. While there are no restrictions on capacity deployment currently, fare caps are still in place.

"We were almost back to pre-COVID levels ahead of the onset of Omicron…Yesterday we were back to close to 3.5 lakh passengers, fall has been steep but the rise has been steep as well. Confident that all things remain equal, we can cross the pre-covid level in the next two months or so. The sector is poised for a value-led paradigm with new players coming on board," union civil aviation minister Jyotiraditya Scindia today said at the 66th foundation day of AIMA.

(Edited by : Jomy Jos Pullokaran)

First Published:Feb 21, 2022 6:50 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Budget 2020: Here's the full text of Nirmala Sitharaman's speech
Budget 2020: Here's the full text of Nirmala Sitharaman's speech
Feb 1, 2020
On Saturday, Finance Minister Nirmala Sitharaman presented here second Budget. Dividend distribution tax (DDT), and income tax slabs were the major changes in the annual financial statement of the government this year.
Charts of the day: Where India earns money from
Charts of the day: Where India earns money from
Feb 1, 2020
Finance minister Nirmala Sitharaman’s Budget 2020 announced a Rs 2.83 lakh crore package for agriculture and allied activities, including helping farmers set up solar power generation units as well as establish a national cold storage to transport perishables. Agriculture accounts for 15% of India's gross domestic product and a source of livelihood for more than half of the country’s 1.3 billion population. This chart will help you understand where revenue in the Indian treasury comes from.
Budget 2020 gives road map towards exports in medium to long-term, says Ajay Sahai of FIEO
Budget 2020 gives road map towards exports in medium to long-term, says Ajay Sahai of FIEO
Feb 1, 2020
The 2020 Union budget has attempted at structural changes in agriculture, horticulture and pisciculture, through 16 Action Points, to make India a major player in agri and allied sectors exports in medium to long-term basis besides simultaneously doubling our farmers income.
Bengaluru to finally get a suburban rail network
Bengaluru to finally get a suburban rail network
Feb 1, 2020
A traffic index launched by Dutch consumer technology company TomTom ranked Bengaluru as the world’s most congested city in terms of traffic. This dubious distinction is perhaps why Budget 2020 allocating a sum of Rs 18,600 crore to launch the city’s first-ever suburban rail network comes as music to the ears of Bengaluru’s commuters.
Copyright 2023-2025 - www.financetom.com All Rights Reserved