77% drop in int’l passengers

Based on its continuous research and monitoring of the industry since the COVID crisis took hold, CAPA India has made some key predictions on the Indian aviation market post the crisis.

In its webinar on August 21 titled Financing Indian Aviation in the post-COVID Era, CAPA India revealed some predictions it has made for FY2021 and FY2022.
It says that due to health concerns and travel restrictions, passenger traffic has been decimated. This will be further exacerbated as the economic downturn bites harder. Demand risks are serious and in line with the lower end of the range of CAPA’s projections released in March and April 2020. CAPA expects India’s international airline passengers to range somewhere between 10-15 million in FY2021, a significant drop from the low of 66 million passengers who travelled in FY2020. However, in FY2022, numbers are expected to pick up again, ranging anywhere between 45 million and 50 million.

“It is clear that the industry cannot absorb such dramatic declines in traffic alone. Industry and government collaboration is essential for survival and revival,” CAPA India states.