Home Posts tagged ICRA (Page 2)
Aviation Top Stories
Continuing on the recovery path, domestic air passenger traffic crossed the 10-million mark in November for the first time since the pandemic hit the aviation industry in March last year but the coronavirus’ new variant Omicron has the potential to spoil the party, according to rating agency ICRA. After recording 1.23 crore domestic passengers in […]Continue Reading
Aviation Top Stories
Domestic air passenger traffic continued on the growth trajectory in August with volumes growing up to 31 per cent to 66 lakh over the previous month, helped by higher capacity deployment and a downward trend in the pandemic, credit ratings agency ICRA said on September 6. The domestic passenger traffic in July 2021 was 51 […]Continue Reading
Aviation Top Stories
Pandemic-hit Indian aviation industry is expected to report a net loss of INR 25,000-26,000 crore while its debt level may increase to INR 1.2 lakh crore in the ongoing fiscal year, credit ratings agency ICRA said . Also, the industry will be requiring an additional funding of INR 45,000-47,000 crore over FY2022 to FY2024, it […]Continue Reading
Top Stories Trade News
For May 2021, India’s domestic passenger traffic is estimated at ~19-20 lakh, implying a sequential decline of ~65-67% compared to ~57.3 lakh in April 2021. With this, the domestic passenger traffic reached lower than the June-July 2020 levels. The airlines’ capacity deployment for May 2021 was lower by ~54-55% compared to April 2021 (~27,700 departures […]Continue Reading
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