Domestic passenger traffic to grow 59% this year, estimated to reach 84 million, predicts ICRA

Suprio Banerjee, Vice President & Sector Head, ICRA recently said, “Domestic passenger traffic for FY2022 is estimated at 84 million, YoY growth of 59%, marginally higher than our estimate of 80-82 million, although it is 40% lower than pre-Covid levels. For March 2022, the average daily departures were at 2,588, higher than the average daily departures of 2,308 in March 2021, and notably higher compared to 2,023 in February 2022. The average number of passengers per flight during March 2022 was at 132, against an average of 135 passengers per flight in February 2022. Elevated ATF prices aggravated by geo-political issues will remain a near-term challenge for the industry and will be a key determinant of profitability for the industry.”