Domestic air passenger traffic is projected to have touched around 1.19 crore in February, only about 4 per cent lower compared to pre-Covid levels, rating agency Icra said on Monday.
Icra has also revised the outlook for the domestic aviation industry to stable from negative, citing a fast-paced recovery in domestic passenger traffic in FY 2023 and the expected continuation of the same in FY 2024.
“For February 2023, domestic air passenger traffic has been estimated at around 119 lakh, around 5 per cent lower than around 125 lakh in January 2023.
“However, it witnessed a YoY (Year-on-Year) growth of around 54 per cent, as February 2022 was marginally impacted by the Omicron variant of Covid 19.
