Domestic traffic to reach pre-covid levels in FY23 and international in FY24: Icra

MUMBAI: Domestic passenger traffic reached around 61% and international passenger traffic touched 23% of pre-covid level in January this year, said rating agency ICRA.
With the increase in the domestic airlines capacity to 80% of pre-covid levels in December 2020 from 33% in May 2020, the recovery in the domestic aircraft traffic has been gradual, reaching 73% of previous year level in January 2021, said the report. But domestic traffic is expected to reach pre-covid levels only in FY2023.
“The recovery in the domestic passenger traffic was gradual, in line with the phased reopening of economy. The passenger traffic recovery in recent months, which reached 15.2 million in January 2021, is supported by increase in capacity of airlines, travel during festive and wedding season. Some resumption in travel to key leisure destinations with onset of fatigue due to work from home is also visible,” the report said.