COVID Second Wave

Air Traffic Recovery by FY23 End Amid COVID Second Wave: Report

"Second wave will push back revival of business travel and pick-up of international traffic, which account for over half of overall traffic. Given this backdrop, we now expect traffic volumes this fiscal to be 60 per cent of fiscal 2020 levels and recovery to pre pandemic levels happening only by fourth quarter of fiscal 2023," Senior Director, Crisil Ratings, Manish Gupta, said.