According to projections from the rating agency ICRA, domestic air passenger traffic reached 1.19 crore in February, a mere 4% decline from pre-Covid levels.
ICRA
Despite India’s traffic patterns are positive, the most recent projections by corporate rating agency ICRA. Know more here
According to rating agency ICRA, local airlines have surpassed pre-COVID levels of international aviation travel in the month of June.
Icra , raised its forecast for international air passenger traffic at Indian airports this fiscal year to 80-85 percent of pre-pandemic levels.
Domestic air passenger traffic in India is expected to increase by approximately 59% year on year to 84 million in 2021-22
Local rating agency ICRA Ltd, the domestic aviation industry is anticipated to incur a net loss of Rs 25,000-26,000 crore