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Airports likely to see 10% drop in revenue due to third Covid wave-induced curbs: Report

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the airports are set to see a 10-percentage-point fall in their revenue recovery this fiscal to 52 per cent of the pre-pandemic level, according to a report. "Given the massive disruptions to domestic passenger traffic and the extension of the ban on regular international flights, we moderate our revenue recovery estimates for airports to 52 per cent of pre-Covid-19 level as against 62 per cent earlier for the current fiscal," ICRA said in a note without offering absolute revenue numbers.

Domestic passenger traffic is likely to witness a month-on-month de-growth of 40-42 per cent in January and 15-17 per cent in February resulting in a temporary slowdown in the recovery of domestic passenger traffic in the fourth quarter, the agency said. "Overall, passenger traffic is expected to be lower by 40-45 per cent in Q4 FY22, leading to an overall recovery of a moderate 52 per cent of the pre-COVID-19 level as against our earlier estimates of 62 per cent of pre-Covid-19 level," the agency said.

However, it sees a strong rebound compared to the second wave of the pandemic once the situation normalises, as it expects that the easing of restrictions by states, healthy pace of vaccination and a dip in the infection caseloads had resulted in healthy sequential domestic passenger traffic growth during the June-December 2021 period.

The domestic passenger traffic reached 22 million in December 2021, which is the highest since the pandemic began in March 2020, and 88 per cent of the pre-pandemic levels in December 2019.

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