Domestic Air Passenger Traffic Soars
AVIATION & AIRPORTS

Domestic Air Passenger Traffic Soars

In the dynamic landscape of air travel, the Indian domestic aviation sector has witnessed remarkable growth, with passenger traffic reaching an impressive 154 million in the fiscal year 2023-24, according to ICRA, a renowned credit rating agency. This surge in numbers underscores the resilience and vitality of the aviation industry in India, despite various challenges and disruptions.

The robust expansion in domestic air passenger traffic can be attributed to several factors. Firstly, the growing disposable income and burgeoning middle-class population have fuelled the demand for air travel, making it a preferred mode of transportation for both business and leisure purposes. Additionally, the increasing affordability and accessibility of airfares, coupled with the expansion of routes and connectivity, have made flying more convenient and attractive to a wider demographic.

Moreover, the advent of low-cost carriers (LCCs) has revolutionised the aviation market, making air travel more affordable and accessible to a larger segment of the population. These budget airlines have not only democratised air travel but have also stimulated competition within the industry, leading to competitive pricing strategies and enhanced service offerings.

Furthermore, the government's initiatives to promote regional connectivity through schemes like UDAN (Ude Desh ka Aam Nagrik) have played a pivotal role in bolstering domestic air travel. By incentivising airlines to operate flights to underserved and remote regions, UDAN has facilitated greater connectivity, economic development, and tourism growth in these areas.

The surge in domestic air passenger traffic also underscores the resilience of the aviation sector in adapting to the challenges posed by the COVID-19 pandemic. Despite initial setbacks and disruptions caused by travel restrictions and lockdowns, the industry has demonstrated remarkable agility and recovery, bouncing back stronger than ever before.

Looking ahead, the outlook for the Indian domestic aviation sector remains promising, with continued growth expected in the coming years. As the economy recovers and travel restrictions ease, the demand for air travel is projected to soar even higher, presenting lucrative opportunities for airlines, airports, and related stakeholders to capitalise on this burgeoning market.

In the dynamic landscape of air travel, the Indian domestic aviation sector has witnessed remarkable growth, with passenger traffic reaching an impressive 154 million in the fiscal year 2023-24, according to ICRA, a renowned credit rating agency. This surge in numbers underscores the resilience and vitality of the aviation industry in India, despite various challenges and disruptions. The robust expansion in domestic air passenger traffic can be attributed to several factors. Firstly, the growing disposable income and burgeoning middle-class population have fuelled the demand for air travel, making it a preferred mode of transportation for both business and leisure purposes. Additionally, the increasing affordability and accessibility of airfares, coupled with the expansion of routes and connectivity, have made flying more convenient and attractive to a wider demographic. Moreover, the advent of low-cost carriers (LCCs) has revolutionised the aviation market, making air travel more affordable and accessible to a larger segment of the population. These budget airlines have not only democratised air travel but have also stimulated competition within the industry, leading to competitive pricing strategies and enhanced service offerings. Furthermore, the government's initiatives to promote regional connectivity through schemes like UDAN (Ude Desh ka Aam Nagrik) have played a pivotal role in bolstering domestic air travel. By incentivising airlines to operate flights to underserved and remote regions, UDAN has facilitated greater connectivity, economic development, and tourism growth in these areas. The surge in domestic air passenger traffic also underscores the resilience of the aviation sector in adapting to the challenges posed by the COVID-19 pandemic. Despite initial setbacks and disruptions caused by travel restrictions and lockdowns, the industry has demonstrated remarkable agility and recovery, bouncing back stronger than ever before. Looking ahead, the outlook for the Indian domestic aviation sector remains promising, with continued growth expected in the coming years. As the economy recovers and travel restrictions ease, the demand for air travel is projected to soar even higher, presenting lucrative opportunities for airlines, airports, and related stakeholders to capitalise on this burgeoning market.

Next Story
Infrastructure Urban

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Next Story
Infrastructure Urban

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Next Story
Infrastructure Transport

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement