ICRA predicts robust domestic recovery for Indian aviation

With the end of peak season, international passenger traffic for Indian airlines showed a decline in numbers but was in green as compared to July 2020 numbers, Investment Information and Credit rating Agency of India (ICRA) reports. In August 2022, airlines ferried 32% more passengers than the 1.98 million recorded in August 2019, ICRA said. In July 2022, this figure was 2.3 million international passengers which was 25% more than July 2019. As international flights resumed full operations on March 27, 2022, June 2022 recorded the highest number of international passengers at 4.4 million, 79% of pre-COVID levels. Domestic passenger