In a key development, CRISIL Ratings report revealed that Indian airlines are set to capture nearly 50 per cent of international passenger traffic by FY28 from 43 per cent in FY24. Along with that, the growth in domestic traffic is expected at 10-11 per cent over the same period. India’s international passenger traffic grew to around 70 million in FY24, from 10 million in FY21.
Read More »Total air traffic in India reaches 370 mn in 2023, 26% surge over 2022 with 9.2 million foreign arrivals
As per HVS Anarock, total air traffic in India reached 370 million in 2023, a 26 per cent increase over 2022. This includes 303 million domestic air traffic, and 66.6 million international air traffic, and 9.2 million foreign tourist arrivals. Fueled by favorable demographics, and increased investments both leisure and business travel increased in the country.
Read More »Domestic demand for Indian airlines climb 14.8% in June 2023; 1.3% more than June 2019
The current International Air Transport Association (IATA) report announced that the domestic demand for Indian airlines increased 14.8% in June and was 1.3% higher than in June 2019. Post-COVID recovery momentum continued in June for passenger markets.
Read More »Air traffic reached its highest level on Sunday: Scindia
Since the beginning of COVID-19 pandemic last year domestic air traffic reached its highest level on Sunday, said Civil Aviation Minister Jyotiraditya Scindia. A total of 3,27,923 passengers travelled on 2,372 flights within India on Sunday, he noted. Before the pandemic struck, India’s daily domestic air traffic was approximately 4.25 lakh passengers. The Centre had suspended all scheduled domestic flights from March 25, 2020, to May 25, 2020, as part of the coronavirus-induced lockdown.
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