Domestic air passengers grew by 59% in the last financial year, estimated to reach 8.40 crores: Report

The trend of increase in the number of domestic air passengers continues.

The trend of increase in the number of domestic air passengers continues. In the financial year 2021-22, the number of air passengers is estimated to increase by 59 percent to 8.40 million on an annual basis. Rating agency Icra has estimated this on Monday.

domestic air travelers (Air Passengers) The number continues to increase. In the financial year 2021-22, the number of air passengers is estimated to increase by 59 percent to 8.40 million on an annual basis. Rating agency Icra has estimated this on Monday. However, domestic flights (Flights) But the number of air passengers still Kovid ,Covid-19 Pandemic, – About 40 percent less than the previous level. Icra said that the aircraft fuel (ATF) (Aviation Turbine Fuel) Prices will remain a challenge for the industry in the near future. ATF prices may rise further due to geo-political developments. This will be a major factor affecting the profitability of this sector.

Icra said that on a sequential basis, the number of domestic air passengers has increased by almost 37 percent to 10.6 lakh in March. The number of air travelers has increased in March due to the reduction of the effect of the epidemic and the operations of airlines’ flights are almost normal.

Air passenger traffic up 35% in March

Passenger traffic on local air routes stood at 7.7 million in February 2022. The number of air passengers in March this year has increased by 35 percent from the same month last year. In March 2021, the number of air passengers was more than 78 lakh.

ICRA’s Vice President and Region Head Supriyo Banerjee said that the domestic passenger traffic for the financial year 2021-22 has grown to around 8.40 crores. This is an increase of 59 per cent. He said that this is a little more than our estimate of 8-82 million passengers. Banerjee said during March this year the average number of passengers per flight was 132, while in February an average of 135 people traveled per flight.

Apart from this, let us tell you that with the resumption of international flight services and increase in domestic charges, the operations of domestic airports are expected to be back on track in the financial year 2022-23. This has been estimated in a report. The operation of airports in the country was badly affected for the last two years due to the Kovid-19 epidemic. Rating agency Icra had said in its report that in the financial year 2022-23, the number of air passengers is likely to increase by 68 to 70 percent on an annual basis to 317 to 320 million. According to the report, this will increase the operating income of airports by 49 to 51 per cent to Rs 14,400 to 14,600 crore in FY 2022-23, giving operators an operating margin of 29 to 30 per cent.

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