Domestic air traffic to rise 7-10% to 164-170 million in FY25: ICRA

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Domestic air traffic to rise 7-10% to 164-170 million in FY25: ICRA - Business Standard

Quick Summary:

Domestic air traffic is projected to rise 7-10 per cent to 164-170 million in the current fiscal year, while the aviation industry's loss is pegged at Rs 2,000-3,000 crore during the same period, according to rating agency Icra.

In the first half of 2024-25, Icra said domestic air passenger traffic stood at 79.3 million, marking a 5.3 per cent annual growth that was partly impacted by the severe heat wave and other weather-related disruptions.

On Tuesday, the rating agency said domestic air traffic is expected to jump 7-10 per cent on an annual basis to 164-170 million in FY2025.