Covid resurgence likely to delay airport passenger recovery
By IANS |
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Airport. (File Photo: IANS). Image Source: IANS News
Mumbai, April 8 : The rapid increase in new cases is credit negative for Indian airports, given the adverse impact on passenger and aircraft traffic, the key revenue driver for the sector, Moody s Investors Service said in a report.
India is in the midst of another Covid-19 wave. Daily infection cases in India breached 1,00,000 on April 4, up from around 25,000 in mid-March.
Before the recent resurgence, India had contained the spread of the virus and infection numbers had fallen after the previous peak in mid-September 2020. The steady decline over that time had allowed for a gradual increase in total airline seat capacity and for domestic passenger traffic to recover to around 60 per cent of the 2019 level by the end of February 2021, the agency said.
Covid resurgence likely to delay airport passenger recovery
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