Domestic air passenger traffic logs estimated 83% growth in April: ICRA

TBM Staff - Mumbai Tuesday, 10 May 2022, 3:30 PM

Domestic air passenger traffic is estimated to have logged an 83 per cent growth year-on-year at 10.5-million in April as Covid-19 infection cases waned, leaving a gap of just 5 per cent when compared to the pre-pandemic level, ICRA said. Indian carriers had flown around 11 million passengers Continue Reading

Domestic air traffic records 59% yoy growth in FY22: ICRA

TBM Staff - Mumbai Monday, 11 April 2022, 2:15 PM

Near to normalcy in airline operations due to the waning impact of the pandemic resulted in a sequential growth of ~37% in domestic air passenger traffic to ~106 lakh in March 2022 compared to ~77 lakh in February 2022, and YoY growth of ~35% compared to ~78 lakh in March 2021. The airlines’ capacity deployment […]Continue Reading

India’s passenger traffic to increase by 70% in 2022-23: ICRA

TBM Staff - Mumbai Tuesday, 29 March 2022, 4:15 PM

Ratings agency ICRA Ltd expects India’s total passenger traffic to increase by 68-70 per cent on-year to 317-320 million in 2022-23, with domestic air passenger traffic expected to rise 64-66 per cent on year in the upcoming financial year. International air passenger traffic is also expected to grow 100 per cent in 2022-23 when compared […]Continue Reading

Domestic air passenger traffic crosses 10-mn mark in November: ICRA

TBM Staff - Mumbai Thursday, 9 December 2021, 1:00 PM

Continuing on the recovery path, domestic air passenger traffic crossed the 10-million mark in November for the first time since the pandemic hit the aviation industry in March last year but the coronavirus’ new variant Omicron has the potential to spoil the party, according to rating agency ICRA. After recording 1.23 crore domestic passengers in […]Continue Reading

Domestic air passenger traffic up 31% at 66 lakh in August on higher capacity deployment: ICRA

TBM Staff - Mumbai Tuesday, 7 September 2021, 9:34 AM

Domestic air passenger traffic continued on the growth trajectory in August with volumes growing up to 31 per cent to 66 lakh over the previous month, helped by higher capacity deployment and a downward trend in the pandemic, credit ratings agency ICRA said on September 6. The domestic passenger traffic in July 2021 was 51 […]Continue Reading

Indian aviation industry may incur losses worth INR 26,000 cr in FY22: ICRA

TBM Staff - Mumbai Thursday, 2 September 2021, 2:10 PM

Pandemic-hit Indian aviation industry is expected to report a net loss of INR 25,000-26,000 crore while its debt level may increase to INR 1.2 lakh crore in the ongoing fiscal year, credit ratings agency ICRA said . Also, the industry will be requiring an additional funding of INR 45,000-47,000 crore over FY2022 to FY2024, it […]Continue Reading