IndiGo sees domestic traffic recovering by Q3FY22 as vaccination picks up

The company will not pay any dividend for FY21

India’s largest airline IndiGo expects a recovery in domestic traffic by Q3 of FY22. However, the airline expects a longer recovery period for international which it expects to normalise only by Q4 of current fiscal.

IndiGo CEO Ronojoy Dutta said that while in February, passenger traffic had almost reached 80 percent of what it was in pre-COVID level, the company thinks that it can reach that stage only by the festive season of calendar year 2022.

“We started to see a decline in March but this decline accelerated in April and May. However we are now seeing a modest turnaround