Impact of COVID Pandemic on Indian Civil Aviation
Revenue Statistics
The revenue of Indian carriers has reduced from Rs 25,517 crore during April-June 2019 to Rs 3,651 crore during April-June 2020.
This is a reduction of 85.7% during the first quarter of 2020-21 in comparison to the corresponding period a year ago.
Scheduled domestic flight services were suspended in India from March 25 to May 24 due to the coronavirus-triggered lockdown. They were resumed from May 25 but in a curtailed manner.
The revenue of airport operators reduced from Rs 5,745 crore during April-June 2019 to Rs 894 crore during April-June 2020. The employee count at ground handling agencies fell by 22.44% to 29,254 in the April-July period.
Passenger Traffic
Domestic air traffic in the country fell to 1.2 crores during the March-July period as compared to 5.85 crores in the year-ago period. International traffic dropped to 11.55 lakh in the March-July period as compared to 93.45 lakh in the year-ago period.
Scheduled international flights have been suspended in India since March 23 due to the coronavirus-triggered lockdown. However, special international passenger flights have been operating in India under Vande Bharat Mission since May and under bilateral air bubble arrangements formed between India and other countries since July.
IndiGo carried 16.82 lakh passengers, taking a 59.4% share of the total domestic market, SpiceJet flew 3.91 lakh passengers, which is 13.8% share of the total market. Air India’s total revenue has reduced from Rs 7,066 crore during April-June 2019 to Rs 1,531 crore during the first quarter of 2020-21.
A total of 28.32 lakh domestic passengers travelled by air in August this year, 76 per cent lower than the corresponding period last year.
What Next?
Although the above statistics paint a rather grim picture, we at Informed Aviator are confident of the recovery of the industry in the months to come. This will be spurred by overall pent up demand in both domestic and international sectors.
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