Air passenger traffic to reach 93% of pre-pandemic levels in FY23: Report

Bouyant on the festive season and growth in international travel, air passenger traffic is expected to reach 93% of the pre-pandemic levels in FY23 and surpass the pre-Covid levels in FY24.

The FY23 growth would be about 70% on a year-on-year basis and would mark a ‘V-shaped’ recovery for the sector, according to a report by CareEdge Ratings.

A full recovery in international traffic is expected by early FY24, combined with steady domestic traffic growth. On an overall basis, passenger traffic is expected to surpass the pre-Covid level by 1.12 times in FY24. However, the recurrence of Covid-19 and its impact on air travel would be the key monitorables.