India’s aviation sector sees revival

India’s domestic air passenger traffic witnesses 83% growth in April


The publish India’s domestic air passenger traffic witnesses 83% growth in April appeared first on TD (Travel Daily Media) Travel Daily.

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 an infection instances waned, leaving a spot of simply 5 per cent when in comparison with the pre-pandemic stage, ICRA stated. Indian carriers had flown round 11 million passengers in April 2019.

However, the domestic airline operators noticed the worldwide passenger traffic marginally surpassing the pre-pandemic numbers (round 1.83 million), with complete volumes standing at round 1.85 million, it stated.

It additionally stated that rising aviation turbine gasoline (ATF) costs on account of ongoing geo-political points linked to the Russia-Ukraine battle proceed to evolve as a serious risk to the restoration course of. For April 2022, the common every day departures have been at round 2,726, notably larger than the common every day departures of round 2,000 in the identical month a 12 months earlier and better in comparison with round 2,588 in March 2022, stated Suprio Banerjee, Vice-President & Sector Head, ICRA.

According to him, the common variety of passengers per flight through the earlier month of April was at 128, towards that of 133 passengers per flight in March 2022 and decrease than the common of 135 passengers per flight in April 2019.

“Though recovery in passenger traffic is expected to be relatively fast-paced in FY2023, given the near normalcy situation seen in domestic airline operations, overhang of any further Covid wave looms on the sector,” added Banerjee.

Elevated ATF costs aggravated by geo-political points will stay a close to term-challenge for the business and can proceed to weigh on the profitability of Indian carriers, he said.

The publish India’s domestic air passenger traffic witnesses 83% growth in April appeared first on Travel Daily.



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