Air traffic volume may recover to pre-pandemic level in FY23: CRISIL

Air passenger traffic volume is expected to recover to the pre-pandemic level, implying a robust 75 per cent year-on-year growth this fiscal, a media report said on Monday.

According to the domestic credit rating agency, CRISIL, a pick-up in traffic volume is expected. With the pandemic impact seemingly behind us, the air traffic volume is expected to increase to the fiscal 2020 level of around 340 million passengers in FY23.

The volume is expected to pick up in the remaining 2022 because of improving business travel sentiment, pent-up demand on the international segment and de-bottlenecking of capacity availability on aircraft