Annual Air Passenger Traffic Increases By Over 60% To Rs 13.60 cr In FY23

The domestic aviation sector is still recovering, with annual air passenger traffic increasing by over 60 per cent to 13.60 crore in FY23.

Notwithstanding this, domestic air passenger traffic was still 4.0 per cent below the 14.15 crore pre-pandemic level (FY20), according to the credit rating agency.

According to ICRA, Indian carriers carried 8.52 crore passengers on regional flights in the fiscal year that ended in March 2022.

 The capacity deployment of all airlines increased by 38 per cent in FY23 compared to FY22.

 The airlines' capacity deployment in March 2019 was about 7 per cent greater than pre-COVID levels and 14 per cent higher year over year.