According to a weekly review on the number of air travellers by ICICI Securities, the domestic aviation market in the country is continuing to see a strong recovery with the rising number of air passengers and travellers. The number of weekly average daily fliers stood at 324,000 in the week ended on March 5 in comparison to 315,000 fliers recorded in the week ended on February 26 last month. For the week ending on March 5, the average number of daily departures improved to 2,506 from 2,257 in the previous week, and the number of fliers per departure declined to 130 from 140.
On the other hand, the Aviation Turbline Fuel Prices (ATF) prices have risen sharply in recent times due to various reasons and ongoing events across the globe. The prices continued to rise Quarter 4 for FY2022. Current ATF cost at INR 94,976 is higher than INR 71,028 per kl in August 2008. The price of crude oil in the international market has reached all-time high levels since 2008 as the price per barrel of crude oil has reached USD 147. As of March 7, Brent crude touched USD 130 cost per barrel.
According to the company’s review of the domestic air travel passengers last month, the number of weekly average daily fliers stood at 293,000 in the week ended on February 19, 2022, vs 249,000 in the week ending February 12, 2022. For the week ending on February 19, the average number of daily departures improved to 2,124 from 1,870 in the previous week, and the number of fliers per departure increased to 138 from 133.Looking at the monthly traffic data in January 2021, Total passengers for the month came in at 6.4 million down 17 per cent Year-on-Year (YoY) on account of Covid curbs imposed by some state governments. However, February 22 has seen a sharp recovery.