ICRA - TravelBiz Monitor: India travel news, travel trends, tourism

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 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

Domestic passenger traffic declines 65-67% in May compared to April: ICRA

Asmita Mukherjee Thursday, 3 June 2021, 5:40 PM 0

For May 2021, India’s domestic passenger traffic is estimated at ~19-20 lakh, implying a sequential decline of ~65-67% compared to ~57.3 lakh in April 2021. With this, the domestic passenger traffic reached lower than the June-July 2020 levels. The airlines’ capacity deployment for May 2021 was lower by ~54-55% compared to April 2021 (~27,700 departures […]Continue Reading