Wednesday, September 06, 2023

Domestic air passenger traffic to grow 8-13 pc this fiscal: Report

Mumbai: Domestic air passenger traffic is likely to grow 8-13 per cent in the current fiscal and the aviation industry is also expected to trim the losses further, credit rating agency Icra said on Thursday.

Icra, in its mid-year update on Indian aviation, also maintained a "stable outlook" on the industry, amidst the continued recovery in domestic and international air passenger traffic in FY2024, and improved pricing power of the carriers.

After the fast-paced recovery in FY2023, Icra said it estimates growth in domestic air passenger traffic in FY24 at 8-13 per cent, thus reaching 150-155 million passenger traffic, surpassing the pre-Covid levels of 141.2 million passengers in FY2020.

06/09/2023 Times of India

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