India's domestic air passenger traffic is expected to grow at a slower pace of 0-3 per cent in FY2026, sharply lower than the earlier projection of 4-6 per cent, due to multiple disruptions during the year, according to a report by ICRA.
"We understand that lakhs of people are stranded. Maybe some people have urgent work and are not able to...But then, the Government of India has taken cognisance of the issue. Timely steps appear to have been taken. We don't see any urgency right now", CJI Surya Kant said.
Rating agency ICRA has affirmed "stable" outlook on Indian civil aviation industry, with expectations that will witness modest 4-6 per cent growth in domestic air passenger traffic in the current financial year 2025-26.
New Delhi [India], September 20: India's aviation's industry is set to soar to unprecedented heights, emerging as the fastest-growing aviation market in Asia. Industry reports project that India will outpace Asia's established aviation leaders in air passenger traffic growth, marking a defin
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Post recovery of air passengers in May 2025 after India-Pak ceasefire, a report by ICICI Securities says the aviation ministry passenger travel data number indicates further decline in June.
ICRA stated in it's report, "The Indian aviation industry to report a net loss of Rs. 20-30 billion in FY2026."
This projected loss is similar to the estimated losses in FY2025, and a stark contrast to the ₹1,600 crore net profit reported in FY2024.
Mumbai (Maharashtra) [India], May 28: In 2024, India crossed 350 million annual air passengers, establishing itself as the third-largest aviation market in the world, according to the Ministry of Civil Aviation. Over the past decade, domestic air passenger traffic has grown steadily at 10-12
The total number of domestic air passengers during the month is estimated at 145.5 lakh, up from 132.0 lakh in April 2024. However, the growth remained flat on a month-on-month basis.
Aviation experts and specialists from across the world will gather in Dubai from May 6-7 to participate in the Global Airport Leaders' Forum (GALF) to discuss megatrends and developments that will reshape the way airports operate and serve passengers and their other stakeholders over the nex
Indian aviation industry's outlook for 2025-26 remains stable, driven by expectations of moderate growth in domestic air passenger traffic and a relatively stable cost environment, according to rating agency ICRA.
Air travel between Singapore and India has touched a historic high, crossing the 5 million mark for the first time in terms of air passengers in 2024, data put out by Singapore Changi Airport showed.