Domestic passenger traffic estimated to rise by 54% YoY in Feb: ICRA

Domestic passenger traffic is estimated to rise by 54 per cent year-on-year (YoY) in February but decline by 5 per cent sequentially, according to rating agency ICRA.

Daily departures averaged 2,967, up from 2,044 in February 2022 and 2,900 in January 2023, but down from 3,137 in February 2020.

The average number of passengers per flight was 143, higher than the 139 passengers per flight in February 2022.

“The domestic aviation industry continues to witness recovery, with domestic passenger traffic for February 2023 estimated at 119 lakh, 54 per cent higher than the domestic passenger traffic of 77 lakh in February 2022 and lower by only 4 per cent, compared to pre-Covid levels, i.e. 123 lakh in February 2020,” said Suprio Banerjee, Vice President & Sector Head — Corporate Ratings, ICRA Limited