Hit by the third wave of the pandemic that led to massive cancellations of domestic flights and extension of the ban on scheduled international flights till the end of the next month, the airports are set to see a 10-percentage-point fall in their revenue recovery this fiscal to 52 per cent of the pre-pandemic level, according to a report.
“Given the massive disruptions to domestic passenger traffic and the extension of the ban on regular international flights, we moderate our revenue recovery estimates for airports to 52 per cent of pre-COVID-19 level as against 62 per cent earlier for the current fiscal,” ICRA said in a note without offering absolute revenue numbers.
Domestic passenger traffic is likely to witness a month-on-month de-growth of 40-42 per cent in January and 15-17 per cent in February resulting in a temporary slowdown in the recovery of domestic passenger traffic in the fourth quarter, the agency said.
