Thursday, September 28, 2023
Aviation A2Z
  • AME
    • AME Online Classes
    • Concepts
    • Module Notes
    • Exam Updates
  • Aviation Blogs
    Top 5: Most Profitable Airlines in the World

    Top 5: Most Profitable Airlines in the World

    IndiGo Announces New Flights From Goa Mopa to Abu Dhabi

    Financial Impact of Flight Cancellations on Airlines

    American Airlines Attendant Dies on Venice to Philadelphia Flight, Forcing Emergency Landing

    These are the Best Airports in America for 2023

    Airbus Finding Solution to New A321XLR Fuel Tank Range Penalty

    Why Airbus A321XLR is the Most Popular Aircraft Among Airlines?

    Is It Really Possible To Ship A Plane? | Exclusive

    Is It Really Possible To Ship A Plane? | Exclusive

    American Airlines Attendant Dies on Venice to Philadelphia Flight, Forcing Emergency Landing

    The Cost Rankings of US Airports: From Most to Least Expensive

    Trending Tags

    • Jobs
    • News
      • All
      • Airline News
      • Airport
      • Aviation News
      • Breaking
      • Cargo
      • Finance
      • Indian Airlines
      • Indian Aviation News
      • International Aviation News
      • US Airlines News
      • USA Aviation News
      United Airlines Doubles Down the Delhi and Newark Flights

      United New Innovative Tech to Enhance Wheelchair User Travel Experience

      Air India New ReBranding Event Live Updates

      Air India Restarts Its Avianca New York-Bogota Codeshare Flights

      Emirates to deploy Airbus A380 on certain Routes

      Emirates Introduces A380s New Premium Economy to Brazil and Japan

      China Eastern Flies World's First Commercial Flight of Comac C919

      China Eastern Airlines Buys 100 New C919 Aircraft

      Air India Boeing 737 MAX

      Air India Takes Delivery of First Boeing 737 MAX in Seattle | Exclusive

      This variant will comprise about 35 percent of the single-aisle airline capacity by 2033. Although the core of the single-aisle market will remain at 160 seats, the 737 MAX 200 will offer carriers like Ryanair the potential to generate revenue from 11 extra seats.

      Ryanair Cuts Its Flights As Boeing Delivers 13 Less New 737 MAX

      Trending Tags

      • Pilot Corner
        KLM Group Proposes New Plan to Reduce Noise at Night

        KLM Pilots Reached New Agreement, Avoids the Strike

        Emirates, Qatar Airways, and Saudia Starts New Flights to and from Birmingham Airport

        Emirates Hiring Experienced Pilots for New Airbus A350s

        Southwest Airlines Inspires Aspiring Pilots with trip to one of the Largest Airshows in the World

        Southwest Faces Pilots Issues, 737 Grounded and More

        Now More Canadian Pilots Seek to Fly for US Airlines

        Now More Canadian Pilots Seek to Fly for US Airlines

      • About Us
      • Contact Us
      No Result
      View All Result
      • AME
        • AME Online Classes
        • Concepts
        • Module Notes
        • Exam Updates
      • Aviation Blogs
        Top 5: Most Profitable Airlines in the World

        Top 5: Most Profitable Airlines in the World

        IndiGo Announces New Flights From Goa Mopa to Abu Dhabi

        Financial Impact of Flight Cancellations on Airlines

        American Airlines Attendant Dies on Venice to Philadelphia Flight, Forcing Emergency Landing

        These are the Best Airports in America for 2023

        Airbus Finding Solution to New A321XLR Fuel Tank Range Penalty

        Why Airbus A321XLR is the Most Popular Aircraft Among Airlines?

        Is It Really Possible To Ship A Plane? | Exclusive

        Is It Really Possible To Ship A Plane? | Exclusive

        American Airlines Attendant Dies on Venice to Philadelphia Flight, Forcing Emergency Landing

        The Cost Rankings of US Airports: From Most to Least Expensive

        Trending Tags

        • Jobs
        • News
          • All
          • Airline News
          • Airport
          • Aviation News
          • Breaking
          • Cargo
          • Finance
          • Indian Airlines
          • Indian Aviation News
          • International Aviation News
          • US Airlines News
          • USA Aviation News
          United Airlines Doubles Down the Delhi and Newark Flights

          United New Innovative Tech to Enhance Wheelchair User Travel Experience

          Air India New ReBranding Event Live Updates

          Air India Restarts Its Avianca New York-Bogota Codeshare Flights

          Emirates to deploy Airbus A380 on certain Routes

          Emirates Introduces A380s New Premium Economy to Brazil and Japan

          China Eastern Flies World's First Commercial Flight of Comac C919

          China Eastern Airlines Buys 100 New C919 Aircraft

          Air India Boeing 737 MAX

          Air India Takes Delivery of First Boeing 737 MAX in Seattle | Exclusive

          This variant will comprise about 35 percent of the single-aisle airline capacity by 2033. Although the core of the single-aisle market will remain at 160 seats, the 737 MAX 200 will offer carriers like Ryanair the potential to generate revenue from 11 extra seats.

          Ryanair Cuts Its Flights As Boeing Delivers 13 Less New 737 MAX

          Trending Tags

          • Pilot Corner
            KLM Group Proposes New Plan to Reduce Noise at Night

            KLM Pilots Reached New Agreement, Avoids the Strike

            Emirates, Qatar Airways, and Saudia Starts New Flights to and from Birmingham Airport

            Emirates Hiring Experienced Pilots for New Airbus A350s

            Southwest Airlines Inspires Aspiring Pilots with trip to one of the Largest Airshows in the World

            Southwest Faces Pilots Issues, 737 Grounded and More

            Now More Canadian Pilots Seek to Fly for US Airlines

            Now More Canadian Pilots Seek to Fly for US Airlines

          • About Us
          • Contact Us
          No Result
          View All Result
          Aviation A2Z
          No Result
          View All Result

          Home » Rs 200 cr losses due to back- to- back flight cancellations, passenger traffic dips

          Rs 200 cr losses due to back- to- back flight cancellations, passenger traffic dips

          Shweta Shukla by Shweta Shukla
          January 8, 2022
          in News
          A A
          0
          4
          SHARES
          WhatsappShare on FacebookShare on Twitter

          Increasing in Omicron circumstances is not going to solely affect growth by up to 0.03 % due to restrictions set by numerous states however it is likely to impact the lodge and aviation business likely the most as several hoteliers are witnessing cancellations for January 2022, whereas daily passenger traffic on airways has additionally dipped within the final week.

          Aviationa2z.com


          Knowledge from earlier waves means that restrictions are set on mobility as COVID circumstances rise, which in flip impacts economic activity.

          YOU MAY ALSOLIKE

          United New Innovative Tech to Enhance Wheelchair User Travel Experience

          Air India Restarts Its Avianca New York-Bogota Codeshare Flights

          • “With states imposing COVID-related restrictions (night curfew on the activity of people, restaurants permitted at 50 percent capacity, offices to operate at 50 percent capacity in various states), financial activity is likely to get affected in Q4FY22,” mentioned economists at HDFC Bank.

          The liability dangers on the present juncture emanate from different states imposing restrictions, the restrictions extending past January 2022, and additionally a slowdown in international restoration which can weigh on the exports, they said in a observe.

          Third quarter of FY 21-22


          According to score company ICRA until December 2021, there was the sturdy need for a journey and there was just some cutdown in discretionary enterprise travel. Leisure journey, till December, it mentioned, largely remained unchanged. The third quarter of FY 21-22 was considerably higher than the company’s earlier projections.

          Aviationa2z.com


          “With the emergence of the Omicron variant and sharp rise in infections, several states have set partial lockdowns. This will curtail travel over the next few weeks.

          We are witnessing cancellations and hotel inquiries have dropped. A month of full lockdown will affect FY2022 Pan-India occupancy by ~4 percentage points” told Vinutaa S, Assistant Vice President, and Sector Head, ICRA.

          Booking cancellations for Christmas and New Year celebrations, along with those of weddings and planned events, due to a surge in COVID-19 cases have so far resulted in a loss of around Rs 200 crore in the hospitality industry, according to the Federation of Hotel & Restaurant Associations of India (FHRAI).

          Pre-Covid levels in the last few months


          “From twenty-fifth (December) onwards, there was a drastic plummeting of the charges and occupancies in metropolis hotels that are again to the pandemic ranges of 10 percent to 15 percent occupancy and charges have also hit,” told FHRAI Joint Honorary Secretary Pradeep Shetty.


          The third quarter of FY2022 was significantly more promising than ICRA’s earlier expectation. Leisure destinations like Goa and Jaipur witnessed healthy occupancy, with Goa’s occupancy being higher than pre-Covid levels in the last few months.

          Mumbai and Delhi also witnessed over 60%

          Mumbai and Delhi also witnessed over 60% occupancy since August 2021, while Pune and Bangalore remained laggard.

          Aviationa2z.com

          But with the Omicron variant, ICRA hopes for some slowdown in Q4 FY2022, compared to what was expected earlier.
          But ICRA told it is not revising its earlier expectations for FY 21-22 since the strong third-quarter demand and the low bias for Q4 if there will be prolonged lockdowns, will suspend out.

          “ICRA’s pattern reported a QoQ income enhancement of 117% in Q2 FY2022 and is expected to enhance by one other 15% sequentially in Q3 FY2022, given the wholesome festive season journey witnessed.

          The operating margins are also anticipated to witness sequential enhancement in Q3 FY2022, with higher working leverage. However, the monetary efficiency in This fall FY2022 is linked to the depth of the present Covid wave and the lockdowns,” told Vinutaa S. The return to pre-Covid levels is still a few quarters away.

          Also, read

          • IndiGo limited operations; Hong Kong suspends flights from India: Know more
          • Does the third wave affect Indian Aviation? How will it increase ATF costs?
          • Does the third wave affect Indian Aviation? How will it increase ATF costs?


          Airlines too are facing uncertainty with several countries and states resorting to flight and border restrictions to control the spread of the Omicron variant.

          Domestic air passenger traffic

          On Jan 4, daily domestic air passenger traffic fell below 3 lakh levels for the first time since November 21 and on Jan 5 it dropped further to 2.58 lakh The average number of daily passengers from Dec 1 to 20 was over 3.60 lakh.

          Aviationa2z.com
          • “The home business is at the moment operating at 93% of the pre-Covid capability of 3,000 departures/day. We notice the excessive threat of disruption in traffic due to an upcoming third wave of Covid,” told Ashish Shah, research analyst at Centrum Broking.

          |ndiGo has suspended most of its flights between


          Already, low-cost carrier IndiGo has suspended most of its flights between Delhi, Mumbai, and three major airports of West Bengal namely; Kolkata, Durgapur, and Bagdogra for three months.

          The statement has come after the West Bengal government restricted flights to Kolkata from Delhi and Mumbai and told that the flights to Kolkata will be allowed to work only thrice a week– on Monday, Wednesday, and Friday with effect from January 5.

          Hong Kong has banned flights from eight nations

          Hong Kong has banned flights from eight nations, including India after the Omicron variant was detected within the city.
          “With scheduled worldwide operations, but to start and home passenger restoration however a piece-in-progress the Indian aviation business is estimated to report a web loss of Rs 250-260 billion in FY2022, with restoration in home passenger traffic to pre-Covid ranges expected just by FY2024,” told Superior Banerjee, Vice President & Sector Head, ICRA.

          Aviationa2z.com


          India rating estimates that the Omicron variant of Coronavirus will hit the GDP for March quarter of 2021-22 by 0.40 percent and slice off 0.10 percent from the overall development of the current fiscal, due to curbs in various forms such as reducing the capacity of market and market complexes and night and weekend curfews to check human mobility/contact.

          Complete 2021-22, the GDP is

          The surge in cases seen over the last fortnight will hurt the fourth-quarter GDP and the increase will come at 5.7 percent during the quarter, which is 0.40 percent lower than the earlier estimate of 6.1 percent. For the complete 2021-22, the GDP is anticipated to clock a growth rate of 9.3 percent, 0.10 percent lower than what was estimated earlier, it said further.


          However, trade association and advocacy group ASSOCHAM revealed that India Inc, across other sectors, is far better ready to remain functional.

          “Less severity of Omicron, seen as of today, has helped the governments and the industry to remain confident about India’s ability to come out of the current phase of the pandemic with a minimum of effect on the economy,” ASSOCHAM secretary common Deepak Sood said in a press release.

          Aviationa2z.com

          On Thursday, India added greater than 116,000 new circumstances of Covid-19, the best single-day enhance since June 5, 2021.

          Daily circumstances have now grown greater than 10-fold in simply 10 days, a pace unseen within the two years of the pandemic within the nation.

          Maharashtra, West Bengal, and Delhi are reporting the highest quantity of circumstances within the nation.

          Thank you

          Stay updated with Aviationa2z.com

          Tags: 2022AirlinesairportAviationaviation newscoronacoronavirusDomestic flightsFlight cancellationFlightsFlights suspendedlossesOmicronpassenger flightsPassenger traffic
          SendShare2Tweet1
          Previous Post

          Qatar Airways seeks $618M from Airbus in dispute over A350s surface quality

          Next Post

          The Govt mandates all international arrivals to undergo 7-day home quarantine

          Shweta Shukla

          Shweta Shukla

          Journalist - A graduate in India, Shweta has a passion for aviation and travel. She has an interest in Aviation Journalism and she writes articles for Aviation A2Z for 1+ years.

          Related Posts

          United Airlines Doubles Down the Delhi and Newark Flights
          Airline News

          United New Innovative Tech to Enhance Wheelchair User Travel Experience

          September 28, 2023
          Air India New ReBranding Event Live Updates
          Air India

          Air India Restarts Its Avianca New York-Bogota Codeshare Flights

          September 28, 2023
          Emirates to deploy Airbus A380 on certain Routes
          Airline News

          Emirates Introduces A380s New Premium Economy to Brazil and Japan

          September 28, 2023
          China Eastern Flies World's First Commercial Flight of Comac C919
          Aircraft Orders

          China Eastern Airlines Buys 100 New C919 Aircraft

          September 28, 2023
          Air India Boeing 737 MAX
          Air India

          Air India Takes Delivery of First Boeing 737 MAX in Seattle | Exclusive

          September 28, 2023
          This variant will comprise about 35 percent of the single-aisle airline capacity by 2033. Although the core of the single-aisle market will remain at 160 seats, the 737 MAX 200 will offer carriers like Ryanair the potential to generate revenue from 11 extra seats.
          Airline News

          Ryanair Cuts Its Flights As Boeing Delivers 13 Less New 737 MAX

          September 28, 2023
          Next Post
          The Govt mandates all international arrivals to undergo 7-day home quarantine

          The Govt mandates all international arrivals to undergo 7-day home quarantine

          Aviation Efficiency Relies On Blockchain Technology. Why?

          Aviation and telecom companies like Verizon and AT&T are warring over the rollout of 5G

          Please login to join discussion

          POPULAR NEWS

          Air India Received the Final Ex-Delta Boeing 777 | Exclusive

          Indian Students Deported Back to Delhi from USA on Delta Flight

          August 20, 2023
          US Carriers, Including American, United, Delta, and Southwest, want you to Dress Properly

          US Airlines, Including American, United, Delta, and Southwest, want you to Dress Properly

          July 23, 2023
          Image : Air Kerala

          New Airline: Indian Businessman in the UAE to Launch Air Kerala

          August 2, 2023
          United Possibly Cancels its New San Francisco Bengaluru Route | Exclusive

          United Attendant Troubles the Indian Parents on Delhi to New Jersey Flight

          August 11, 2023
          Yogi Govt Big Announcement On New Noida Airport in Jewar

          Asia’s Largest Airport Runway will be ready by the end of 2023

          August 13, 2023

          EDITOR'S PICK

          Flydubai Boeing 737 aircraft

          flydubai Starts New Flights to Langkawi and Penang in Malaysia

          September 21, 2023
          Alaska Airlines Eases Travel With Mobile Passport Verification

          Alaska Airlines Eases Travel With Mobile Passport Verification

          August 29, 2023
          Two IndiGo Flights Diverted to Guwahati Amid Poor Weather

          IndiGo New A320neo Lucknow to Abu Dhabi Makes An Emergency Landing at Delhi

          September 17, 2023
          United Airlines Flight from Indianapolis to Denver makes Emergency Landing at Omaha | Exclusive

          United Unruly Passenger Tries to Enter into Cockpit, Force Emergency Landing

          September 10, 2023
          Aviation A2z

          Aviation A2Z provides the Latest News, Exclusive Blogs, Verified Jobs, and More.

          We are India’s leading aviation organization dedicated towards supporting and helping aviation professionals.

          Categories

          Airline News

          Airport 

          Aviation

          US Aviation

          Indian Aviation

          Recent Posts

          • United New Innovative Tech to Enhance Wheelchair User Travel Experience
          • Air India Restarts Its Avianca New York-Bogota Codeshare Flights
          • Emirates Introduces A380s New Premium Economy to Brazil and Japan
          • China Eastern Airlines Buys 100 New C919 Aircraft

          © 2018-2022 Aviation A2Z - Latest Aviation News

          No Result
          View All Result
          • Home
          • AME
            • Online DGCA lectures
            • Module Notes
            • Exam Updates
            • Concepts
          • Blogs
          • Jobs
          • News
          • Pilot Corner
            • Pilot CPL Classes
          • Resume Builder
          • About Us

          © 2018-2022 Aviation A2Z - Latest Aviation News

          Welcome Back!

          Login to your account below

          Forgotten Password?

          Retrieve your password

          Please enter your username or email address to reset your password.

          Log In

          Add New Playlist