While the pandemic has hit businesses hard, the aviation sector was among the worst hit in 2020 globally. Here, there has been a reasonable improvement in domestic passenger traffic from the nadir, though it is uncertain whether the momentum would be sustained. Ltd, said, “While the recovery in domestic traffic has been encouraging, it’s worth noting that the average daily passenger run-rate has started to moderate this month. In general, if the improvement in demand coincides with higher crude prices, there could be pressure on profitability for airlines. The airline’s domestic market share increased to 53.9% in November from 47.9% in January, shows data from the Directorate General of Civil Aviation.

Source: Mint December 28, 2020 00:11 UTC