Aviation think tank and consultancy firm Centre for Asia Pacific Aviation (CAPA) projected that domestic air passenger traffic in the financial year (FY) 2022 will be 80-95 million, up from 52.5 million in FY 2021, but below the FY 2020 number of 140 million passengers.
While stating that there would be moderate recovery in June with an acceleration in air traffic from the second quarter, CAPA said there will also be rising confidence and continued traffic recovery in the second half of this financial year and that international air passenger traffic will be in the range of 16-21 million.
According to the consultancy, airlines are estimated to need around US$5 billion of re-capitalisation in FY 2022 just to survive,
