Domestic air passenger traffic is expected to rise 11 per cent year-on-year (YoY) in October, reaching 126.4 lakh compared to around 114 lakh in October 2022, according to the rating firm ICRA.
On a sequential basis, domestic air passenger traffic growth is expected up 3.2 per cent compared to 122.5 lakh in September 2023 and 3 per cent higher than pre-Covid levels of 123 lakh in October 2019.
According to ICRA, in the 7 months of FY24 (April-October 2023), domestic air passenger traffic reached approximately 879.93 lakh, showcasing a year-on-year (YoY) growth of 19 per cent compared to 740.75 lakh reported in the same period last year.
