Domestic air passenger traffic estimated at 154 million for FY2024: ICRA report

As per ICRA’s latest report, the domestic air passenger traffic is estimated at ~154 million for FY2024, which represents a YoY growth of ~13%, in line with ICRA’s estimates. Further, the domestic air passenger traffic in FY2024 has surpassed the pre-Covid levels of ~142 million in FY2020 as well. Data also shows that the domestic aviation industry operated at a passenger load factor of ~90% in March 2024, against ~88% in March 2023 and ~89% in February 2024.