2023
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Detailed explanation-1: -Elevated ATF prices and a general inflationary environment continue to dampen the industry earnings, Icra said. Domestic air passenger traffic touched 1.25 crore in January this year, an increase of 96 per cent compared to the year-ago period, according to rating agency Icra.
Detailed explanation-2: -India’s domestic air traffic has hit a record high, with 456, 082 passengers flying on a single day. The milestone, which was reached on 30 April, came as 2, 978 flights took off across the country.
Detailed explanation-3: -There are many reasons for the increase in air traffic. The main cause is economic and demographic growth: the growing middle-class is stimulating airline activity. With global economic growth of 3% per year by 2035, air traffic is expected to grow by an average of 6% per year over the same period.