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This Article is From Jul 05, 2021

Aviation Sector Update - Average Daily Traffic Improves Sharply To 1.35 Lakh: ICICI Securities

Aviation Sector Update - Average Daily Traffic Improves Sharply To 1.35 Lakh: ICICI Securities

Aviation Sector Update - Average Daily Traffic Improves Sharply To 1.35 Lakh: ICICI Securities
An aircraft operated by IndiGo, a unit of Interglobe Enterprises Ltd., is seen in Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Weekly average daily fliers came in at 1.35 lakh in the week ended July 3, 2021 vs 11.4 lakh in the week ended June 21, 2021.

For the week ended July 3, 2021, average number of departures increased to 1,408 vis-à-vis 1,264 in the prior week.

The number of fliers per departure improved to 95 vs 90 in the prior week.

Average daily fliers grew 18% week-on-week due to 11.4% growth in departures and 5.9% growth in number of fliers per departure.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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