India's Domestic Air Passenger

Domestic air traffic is projected to rise 7-10 per cent to 164-170 million in the current fiscal year, while the aviation industry's loss is pegged at Rs 2,000-3,000 crore during the same period, according to rating agency Icra. In the first half of 2024-25, Icra said domestic air passenger traffic stood at 79.3 million, marking a 5.3 per cent annual growth that was partly impacted by the severe heat wave and other weather-related disruptions. The international passenger traffic growth for Indian carriers increased and stood at 16.2 per cent in the first half of the current financial year. On Tuesday, the rating agency said domestic air traffic is expected to jump 7-10 per cent on an annual basis to 164-170 million in FY2025. Icra maintained a 'stable' outlook on the Indian aviation industry, amidst continued growth in domestic and international air passenger traffic. Kinjal Shah, Senior Vice President & Co-Group Head at Icra, said the industry is expected to report a net loss of

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The LCC growth has been fueled by IndiGo; in the last decade, its market share has nearly doubled from 32 per cent to 62 per cent

Air passenger traffic in the country is projected to touch record levels in the range of 407-418 million in the current financial year and the revenues of select airport operators together are estimated to rise 15-17 per cent during the same period, rating agency Icra said on Thursday. Surpassing the pre-Covid level by 10 per cent, the traffic reached 376.4 million in the fiscal ended March 2024. In a report, Icra said the overall traffic is expected to see a healthy growth of around 8-11 per cent year-on-year to around 407-418 million in FY2025, supported by strong pick-up in both leisure and business travel, improving connectivity to newer destinations in the domestic segment and the continued uptick in international travel. Indian airport operators' revenue is anticipated to grow 15-17 per cent on an annual basis in the current fiscal ending March 2025, it added. Icra's sample set of airport operators include Airports Authority of India (AAI) as well as operators of Delhi, ...

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The rise in both leisure and business travel, coupled with a decline in crude oil prices and capacity deployment, is expected to add to the growth in passenger traffic.

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With the rise in the number of flyers, the government has been taking multiple steps for corresponding growth in the airport infrastructure

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Grounding of Boeing 737Max aircraft and ongoing issues with AirbusA320Neo engines, too, has slowed down capacity growth

Air traffic grew in single digits for first time in four years in January

Airlines SpiceJet followed by AirAsia India and Indigo in terms of passenger load factor