Domestic air traffic was only 4% shorter in FY 2023 (fiscal year) as compared to pre Covid levels, ratings agency ICRA said in a report.
It also stated that the domestic traffic in March 2023 was estimated to be 12% higher than pre-Covid levels and 22% higher as compared to March last year.
“For FY2023, domestic passenger traffic is estimated at around 1360 lakh, a year over year growth analysis (YoY) of around 60% over 852 lakh in FY2022, and only short of around 4%, compared to pre-Covid levels of 1415 lakh in FY2020,” Suprio Banerjee, vice president and sector head – Corporate Ratings, ICRA Limited said.
