India's domestic air passenger traffic rose 6.3% YoY in June, surpassing pre-pandemic levels by 10.4%.
India's domestic air passenger traffic rose to 132.8 lakh in June, a 6.3% increase from the previous year and a 10.4% increase over pre-pandemic levels, according to an ICRA report. The stable outlook on the Indian aviation industry, with continued recovery in domestic and international air passenger traffic, is expected to continue through FY2025. The industry has experienced improved pricing power, reflected in higher yields and a strong RASK-CASK spread for airlines.
July 09, 2024
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