Aviation think tank and consultancy firm Centre for Asia Pacific Aviation (CAPA) projected that domestic traffic in financial year (FY) 2022 will be 80-95 million, up from 52.5 million in FY2021, but below 140 million passengers in FY2020.
While stating that June would see moderate recovery with acceleration in air traffic from the second quarter, CAPA also stated that there will be rising confidence and continued traffic recovery in the second half of this financial year. It added that international traffic will be in the range of 16-21 million.
According to the consultancy, airlines are estimated to need around USD 5 billion of re-capitalisation in FY2022 just to survive, and Air India and IndiGo combined will represent around USD 4.5 billion of the approximately USD 8 billion loss.
