Revising downwards its forecast, global aviation consultancy CAPA on Friday projected India’s domestic air traffic at 5.5-7 crore for the current financial year citing structural damage and weakness of customer sentiment becoming more visible.
The latest forecast is a sharp downward revision compared to the traffic of 8-9 crore passengers estimated earlier for the same period.
In the wake of the pandemic, the country is under lockdown till May 3 and commercial flight operations are also suspended.
“CAPA has revised its traffic projections downwards for FY2021 from our April 6 update. The estimate for domestic traffic has declined from 80-90 million (8-9 crore),
