Domestic air passenger traffic in India sees 6.3% growth
AVIATION & AIRPORTS

Domestic air passenger traffic in India sees 6.3% growth

The domestic air passenger traffic reached 138.5 lakh in October, higher by 6.3 % in comparison to 130.3 lakh in the previous month, according to a report. The domestic air passenger traffic's year-on-year growth was 9.6 % in October and significantly higher by 12.8 % than pre-Covid levels of 122.8 lakh in October 2019, according to data by credit rating ICRA. For the first seven months of current fiscal (April-October), domestic air passenger traffic stood at 932.0 lakh with a YoY growth of 5.9 % In the first half this fiscal (H1 FY25), the international passenger traffic for Indian carriers stood at 162.6 lakh with a YoY growth of 16 %. The airlines' capacity deployment in October 2024 was higher than October 2023 by 7.6% , and higher by 5.2 % over September 2024, said the report. "The outlook for the Indian aviation industry remains stable, driven by expectations of moderate growth in domestic air passenger traffic and a relatively stable cost environment in FY2025," the report added. The pace of recovery in industry earnings is likely to be gradual owing to the high fixed cost nature of the business. ICRA expects the Indian aviation industry to report a net loss of Rs 20-30 billion in FY2025 and FY2026 compared to Rs 10 billion in FY2024 "due to anticipated pressure on yields as airlines strive to maintain adequate passenger load factor (PLF) amid continued elevated aviation turbine fuel (ATF) prices". The industry has been facing supply chain challenges and issues of engine failures for the Pratt and Whitney (P&W) engines supplied to various airlines. In FY2024, Go Airlines (India) Limited grounded half of its fleet due to faulty P&W engines, thus stalling its operations. InterGlobe Aviation Limited (IndiGo) also had more than 70 aircraft grounded as on September 30, due to the P&W engine issue, including the powder metal (used to manufacture certain engine parts) contamination factor with its P&W fleet. Overall, the Indian aviation industry had 134 aircraft for select airlines grounded as on June 30, which is 15-17 % of the total industry fleet, thus impacting overall industry capacity (as measured by available seat kilometre or ASKMs), said the report.

The domestic air passenger traffic reached 138.5 lakh in October, higher by 6.3 % in comparison to 130.3 lakh in the previous month, according to a report. The domestic air passenger traffic's year-on-year growth was 9.6 % in October and significantly higher by 12.8 % than pre-Covid levels of 122.8 lakh in October 2019, according to data by credit rating ICRA. For the first seven months of current fiscal (April-October), domestic air passenger traffic stood at 932.0 lakh with a YoY growth of 5.9 % In the first half this fiscal (H1 FY25), the international passenger traffic for Indian carriers stood at 162.6 lakh with a YoY growth of 16 %. The airlines' capacity deployment in October 2024 was higher than October 2023 by 7.6% , and higher by 5.2 % over September 2024, said the report. The outlook for the Indian aviation industry remains stable, driven by expectations of moderate growth in domestic air passenger traffic and a relatively stable cost environment in FY2025, the report added. The pace of recovery in industry earnings is likely to be gradual owing to the high fixed cost nature of the business. ICRA expects the Indian aviation industry to report a net loss of Rs 20-30 billion in FY2025 and FY2026 compared to Rs 10 billion in FY2024 due to anticipated pressure on yields as airlines strive to maintain adequate passenger load factor (PLF) amid continued elevated aviation turbine fuel (ATF) prices. The industry has been facing supply chain challenges and issues of engine failures for the Pratt and Whitney (P&W) engines supplied to various airlines. In FY2024, Go Airlines (India) Limited grounded half of its fleet due to faulty P&W engines, thus stalling its operations. InterGlobe Aviation Limited (IndiGo) also had more than 70 aircraft grounded as on September 30, due to the P&W engine issue, including the powder metal (used to manufacture certain engine parts) contamination factor with its P&W fleet. Overall, the Indian aviation industry had 134 aircraft for select airlines grounded as on June 30, which is 15-17 % of the total industry fleet, thus impacting overall industry capacity (as measured by available seat kilometre or ASKMs), said the report.

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?