Air passenger traffic likely to fall by 45-50% in FY21: ICRA
New Delhi: Air passenger traffic is likely to fall by 45-50 per cent in FY21, credit rating agency ICRANSE 0.74 % said on Wednesday.
In a research note, ICRA said that passenger traffic at airports will remain under pressure for H1FY2021, with some recovery likely only in H2FY2021, on a full year basis.
“The aviation infrastructure industry is amongst the most severely impacted sectors to bear the brunt of the novel coronavirus (Covid-19) pandemic and the setback on the industry is expected to be substantial in the near term,” the note said.
