Crash, plane crunch weigh on air traffic
mumbai, April 7 -- India's domestic air passenger traffic growth was already cooling from the highs of post-pandemic revenge travel. Last fiscal is estimated to have been the worst since then because of multiple setbacks-grounded planes, frequent disruptions and heightened regulatory scrutiny after the country's worst air crash in decades.
Air passenger traffic rose 1.6% between April and February, according to ICRA Ltd's note published last month. The ratings agency estimates an up to 3% growth in fiscal year 2026 (FY26).
The number of Indians flying grew by 59% and 56% in FY22 and FY23, respectively, according to data from the civil aviation regulator Directorate General of Civil Aviation (DGCA).
This growth slowed to 16% in FY24 and 7.6%...
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