International traffic expected to grow faster than domestic in FY25: ICRA

While the domestic passenger traffic is expected to grow at 8-10 per cent Y-o-Y to 330-340 mn, the international passenger traffic is likely to increase by 10-14 per cent Y-o-Y to 80 mn, it mentioned

The international passenger traffic to and from India is expected to grow at a faster rate in 2024-25 than the domestic passenger traffic as airlines continue to improve connectivity to newer destinations, according to data released by rating agency ICRA on Thursday.

While the domestic passenger traffic is expected to grow at 8-10 per cent year-on-year to 330-340 million, the international passenger traffic is likely to increase by 10-14 per cent year-on-year to 80 million, it mentioned.

"With a strong pick-up in both leisure and business travel in the domestic segment and the continued uptick in international travel on the back of improving connectivity to newer destinations, the overall air passenger traffic is expected to reach 407-418 million in 2024-25," it stated.

 

Domestic growth vs international growth over the years

Fiscal year	Domestic passenger traffic (in million)	YoY increase/decrease (in %)		International passenger traffic (in million)	YoY increase/decrease (in %)
FY18	243	18%		65	10%
FY19	275	13%		69	6%
FY20	274	0%		67	-4%
FY21	105	-62%		10	-85%
FY22	167	59%		22	118%
FY23	270	62%		57	157%
FY24	307	13%		70	23%
FY25 (Estimates)	330-340	8-10%		80	10-14%

Source: ICRA