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Domestic air travel hits Rs 150.4 million in 2023-24
For the fiscal year 2023-24, it was estimated that domestic air passenger traffic would be around 154 million, representing a Year-on-Year (YoY) growth of approximately 13 percent. The report stated that domestic air passenger traffic in FY2024 surpassed pre-Covid levels, which were around 142 million in FY2020. Furthermore, for March 2024, domestic air passenger traffic was estimated at around 135.2 lakh, showing a 6.9 percent increase compared to approximately 126.4 lakh in February 2024. Moreover, it experienced a growth of about 4.9 percent on a YoY basis.
The report also indicated that the country's aviation industry is anticipated to report a significantly reduced net loss of Rs 30-40 billion in FY2024 and FY2025 compared to Rs 170-175 billion in FY2023. AIX Connect, Air India, InterGlobe Aviation, Tata SIA Airlines, and SpiceJet were mentioned as the key players in the industry.
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