The Indian aviation industry is projected to see its net losses decline by one-third in the 2026-27 fiscal year as domestic passenger traffic growth recovers to an estimated 6-8 per cent.
International air traffic growth is expected to outpace domestic traffic growth during the same period, supported by the addition of wide-body aircraft fleets for the domestic carriers from FY26 onwards.
Total traffic in April 2023 (measured in revenue passenger kilometres or RPKs) rose 45.8per cent compared to April 2022. Globally, traffic is now at 90.5 per cent of pre-Covid levels. At 81.3 per cent, the industry load factor was only 1.8 percentage points below the pre-pandemic level, Inte
Geneva [Switzerland], Jan 8 (ANI): The International Air Transport Association (IATA) has said the recovery in air passenger demand, which had been slowing since the Northern hemisphere's summer travel season, came to a halt in November 2020.
Geneva [Switzerland], September 2 (ANI): The International Air Transport Association (IATA) has said that global air passenger demand in July measured in revenue passenger kilometres continued at critically low levels -- 79.8 per cent below July 2019 levels.