Despite witnessing passenger growth of 14.5% in Jan ’25, aviation industry likely to see loss: ICRA

As per ICRA, domestic air passenger traffic has shown strong growth. In January 2025, passenger traffic grew by 14.5 per cent YOY and was 17.9 per cent higher than pre-Covid levels. However, the industry is expected to incur net loss of ₹2,000-3,000 cr in FY25 and FY26 due to high ATF prices and borrowing costs.