Domestic air traffic up 59% in FY22, 40% lower than pre-Covid level: Icra
India’s domestic air passenger traffic is estimated to have grown by around 59 per cent year-on-year to 84 million in FY22, although it is still about 40 per cent lower as compared to the pre-pandemic level, credit ratings agency Icra said on Monday.
It also expects elevated Aviation Turbine Fuel (ATF) prices, aggravated by geo-political issues, to remain a near-term challenge for the industry and will be a key determinant of profitability for the sector.
On a sequential basis, domestic passenger traffic spiked about 37 per cent to 10.6 million in March, driven by a near to normalcy in airline operations owing to waning of impact of the pandemic, Icra said.
