India’s domestic air traffic to be lower at 5.5-7 crore passengers this financial year: CAPA
Mumbai: 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), to 55-70 million (5.5-7 crore), while international estimates are down from 35-40 million (3.5-4 crore) to 20-27 million (2-2.7 crore) as the structural damage and weakness of customer sentiment become more visible and forward bookings currently remain frozen,” it said in a report.
