Domestic air passenger traffic is likely to have witnessed an annual growth of 13 per cent at around 15.4 crore in 2023-24 and the aviation industry’s net loss is expected to have declined to Rs 3,000 to 4,000 crore during the same period, says a report.
Credit rating agency Icra on Friday also said the airlines’ ability to raise yields proportionate to their input cost increases will be key to expand their profitability margins while supply chain challenges and engine failure issues pose near term headwinds.
For FY24, it said domestic air passenger traffic is estimated at around 154 million, an Year-on-Year (YoY) growth of about 13 per cent.
