The International Credit Rating Agency (ICRA) in a press release on Wednesday (March 6) said that the domestic air passenger traffic will exceed the pre-Covid levels of 141.2 million, reaching an estimated 150-155 million in the current fiscal. This projection indicates a growth of 8-13 percent.
Additionally, Icra foresees a notable decrease in the industry’s net loss for the upcoming two fiscal years. However, the agency acknowledges potential near-term challenges such as supply-chain issues and engine failures.
