Aviation Top Stories

Domestic air traffic to touch 14.5cr in next 12 mths: ICRA

By TBM Staff - Mumbai Thursday, 9 March 2023, 12:00 PM 172

Domestic airlines’ passenger traffic is estimated to grow at 8-13% in the 12 months from April to touch 145-150 million (14. 5 crore to 15 crore), which is much higher than the pre-Covid levels, said credit rating agency ICRA in its recent report, adding the Indian aviation industry is gradually moving out of its turbulent […]Continue Reading

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India T&T sector to post annual growth rate of over 10% during 2019-28: IBEF

By TBM Staff - Mumbai Wednesday, 22 June 2022, 10:00 AM 554

The travel and tourism industry’s direct contribution to India’s Gross Domestic Product (GDP) is expected to post an annual growth rate of 10.35 per cent between 2019 and 2028, according to a report by the Indian Brand Equity Foundation (IBEF), an Indian government trust, reports Shivangi Gupta for Moneycontrol. In 2020, the travel and tourism […]Continue Reading

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International passenger traffic at Indian airports to hit 80-85% of pre-Covid level: ICRA

By TBM Staff - Mumbai Tuesday, 7 June 2022, 10:00 AM 651

Credit ratings agency Icra revised upward its projection of international air passenger traffic at Indian airports at 80-85 per cent of the pre-pandemic volumes during this fiscal. The volume of such travellers has already touched 72 per cent of the pre-Covid level in May. The steep recovery in international passengers’ demand came on the back […]Continue Reading

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Domestic air passenger traffic logs estimated 83% growth in April: ICRA

By TBM Staff - Mumbai Tuesday, 10 May 2022, 3:30 PM 754

Domestic air passenger traffic is estimated to have logged an 83 per cent growth year-on-year at 10.5-million in April as Covid-19 infection cases waned, leaving a gap of just 5 per cent when compared to the pre-pandemic level, ICRA said. Indian carriers had flown around 11 million passengers in April 2019. However, the domestic airline […]Continue Reading

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Domestic air traffic records 59% yoy growth in FY22: ICRA

By TBM Staff - Mumbai Monday, 11 April 2022, 2:15 PM 910

Near to normalcy in airline operations due to the waning impact of the pandemic resulted in a sequential growth of ~37% in domestic air passenger traffic to ~106 lakh in March 2022 compared to ~77 lakh in February 2022, and YoY growth of ~35% compared to ~78 lakh in March 2021. The airlines’ capacity deployment […]Continue Reading

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India’s passenger traffic to increase by 70% in 2022-23: ICRA

By TBM Staff - Mumbai Tuesday, 29 March 2022, 4:15 PM 1019

Ratings agency ICRA Ltd expects India’s total passenger traffic to increase by 68-70 per cent on-year to 317-320 million in 2022-23, with domestic air passenger traffic expected to rise 64-66 per cent on year in the upcoming financial year. International air passenger traffic is also expected to grow 100 per cent in 2022-23 when compared […]Continue Reading