{"id":385406,"date":"2020-11-21T10:51:25","date_gmt":"2020-11-21T05:21:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=385406"},"modified":"2020-11-21T10:51:25","modified_gmt":"2020-11-21T05:21:25","slug":"indian-air-cargo-volume-expected-to-contract-at-17-20-in-fy21-icra","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-air-cargo-volume-expected-to-contract-at-17-20-in-fy21-icra\/","title":{"rendered":"Indian air cargo volume expected to contract at 17-20% in FY21: ICRA"},"content":{"rendered":"<p>NEW DELHI : Indian air cargo volume is expected to contract by 17-20% during the FY21 due to the capacity restriction imposed on airlines by the government to contain the covid-19 pandemic, rating agency ICRA said in a statement on Friday. Despite overall cargo volume ramping up faster than passenger traffic since April, a meaningful recovery is likely only in FY22, it added.<\/p>\n<p>&#8220;Air cargo volumes have been witnessing a faster recovery as compared to passenger and aircraft traffic since April 2020 despite a 45% contraction in the cargo volumes in H1 FY2021 (April-September 2020) as compared to the corresponding previous period,&#8221; the rating agency said.<\/p>\n<p>&#8220;The faster recovery in the cargo volumes is because of the trade of the essential supplies majorly in the pharmaceutical, medical equipment and agricultural produce sectors besides the expanding e-commerce business. During the period under consideration, the passenger traffic and aircraft traffic movement declined at a much faster pace, by 86% and 75% respectively,&#8221; it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : Indian air cargo volume is expected to contract by 17-20% during the FY21 due to the capacity restriction imposed on airlines by the government to contain the covid-19 pandemic, rating agency ICRA said in a statement on Friday. Despite overall cargo volume ramping up faster than passenger traffic since April, a meaningful recovery is likely only in FY22, it added. &#8220;Air cargo volumes have been witnessing a faster recovery as compared to passenger and aircraft traffic since April 2020 despite a 45% contraction in the cargo volumes in H1 FY2021 (April-September 2020) as compared to the corresponding [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-385406","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=385406"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385406\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=385406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=385406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=385406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}