Domestic air traffic is expected to drop to 80-90 million passengers in the current fiscal and delivery of more than 200 planes to Indian carriers are likely to be deferred by up to two years, according to a report.
“The combination of COVID-related travel restrictions and an economic downturn is likely to result in 1Q FY2021 being a virtual washout for the Indian industry.”
“The second quarter is historically the weakest period for demand and hence airlines are only likely to limp back into recovery,” aviation consultancy CAPA India said on Monday.
As a result, CAPA said the majority of the fleet is likely to be surplus to requirement during the first half of the current financial year.
