Domestic air passenger traffic up 5.7% at 1.3 cr in June: DGCA
There has been a 4.28% increase in overall air traffic as passengers carried by domestic airlines in January-June 2024 stood at 793.48 lakh vs 760.93 lakh in the year-ago period
There has been a 4.28% increase in overall air traffic as passengers carried by domestic airlines in January-June 2024 stood at 793.48 lakh vs 760.93 lakh in the year-ago period
ICRA has projected passenger traffic growth at 8-13% in FY24, post 55-60% expansion in FY2023, much higher than pre-Covid levels
Govt cites COVID-19 disruptions, rupee depreciation against the US dollar, and a high operating cost environment, especially due to an increase in ATF prices, for high losses of airlines.
On an MoM basis, total 114.07 lakh passengers were carried by domestic airlines compared to 89.85 lakh in the same month last year, shows DGCA data.
A sharp hike in airfares will be deterred by the intense competition and airlines' plans to expand their market shares, says ICRA.
DGCA says airlines resorting to frequent “one-off authorisation to category A certifying” staff at transit stations, which is not in line with existing regulatory provisions
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