Domestic air passenger traffic expected to surpass pre-Covid levels: ICRA

The domestic air passenger traffic is expected to surpass the pre-Covid levels of 141.2 million and reach 150-155 million this fiscal, registering an estimated growth of 8-13 per cent, credit ratings agency Icra said on Wednesday.

Icra also projected a significant reduction in industry’s net loss for the next two fiscals and was also of the view that supply-chain challenges and engine failure issues may remain near-term headwinds.

Icra maintains a “stable” outlook on the domestic aviation industry, amidst the continued recovery in domestic and international air passenger traffic, and relatively stable cost environment, it said.