The international passenger traffic declined 83 per cent to around 3.6 lakh passengers in November in the absence of scheduled international operations, according to the rating agency.
Currently, only flights under special arrangements, such as air bubble pacts and the Vande Bharat Mission, are being operated on overseas routes.
The capacity deployed by the airlines during the previous month stood at 59 per cent as against around 52 per cent in October, it said adding that the same was at 46 per cent in September.
ICRA Vice-President Kinjal Shah said the number of flights departing has also increased to 2,065 as on December 7, compared with 416 on May 25 when domestic air travel resumed after a hiatus of two months due to the coronavirus-induced lockdown, .
“For November, the average daily departures were around 1,806, significantly lower than the average daily departures of 3,080 in November 2019, though better than around 1,574 in October 2020,” she said.
The average number of passengers per flight during November was 115, against an average of 140 passengers per flight in November. It indicates that the local airlines operated at a seat factor of around 74 per cent as compared with 89.6 per cent a year ago, Shah said.
However, it stood higher compared with 69.1 per cent in October 2020, she said.
The prices of jet fuel, or aviation turbine fuel, increased 4.6 per cent in November and 9.1 per cent in December, ICRA said. However, the December prices are still lower by 27.1 per cent year-on-year, it added.
Prolonged shutdown of manufacturing activities in several countries and the subsequent impact of the pandemic on the global economic activity will keep the crude oil prices and thus the ATF prices low, ICRA stated.