India’s domestic air passenger traffic in August increased by 23% compared to the previous year and was 6% higher than pre-Covid levels, according to credit rating agency Icra. The growth in traffic from the previous month was 3.2%. Capacity deployment also grew by 10% compared to August 2022 but was 1% lower than pre-Covid levels. Icra stated that the domestic aviation industry is stable, with expectations of a continued recovery.
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Domestic air passenger traffic rises about 23% to 1.24 crore in August: Icra
India’s domestic air passenger traffic in August increased by 23% compared to the previous year and was 6% higher than pre-Covid levels, according to credit rating agency Icra. The growth in traffic from the previous month was 3.2%. Capacity deployment also grew by 10% compared to August 2022 but was 1% lower than pre-Covid levels. Icra stated that the domestic aviation industry is stable, with expectations of a continued recovery.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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