Domestic passenger traffic grows 21.4% in March: DGCA
ICRA has projected passenger traffic growth at 8-13% in FY24, post 55-60% expansion in FY2023, much higher than pre-Covid levels
ICRA has projected passenger traffic growth at 8-13% in FY24, post 55-60% expansion in FY2023, much higher than pre-Covid levels
Govt cites COVID-19 disruptions, rupee depreciation against the US dollar, and a high operating cost environment, especially due to an increase in ATF prices, for high losses of airlines.
On an MoM basis, total 114.07 lakh passengers were carried by domestic airlines compared to 89.85 lakh in the same month last year, shows DGCA data.
A sharp hike in airfares will be deterred by the intense competition and airlines' plans to expand their market shares, says ICRA.
DGCA says airlines resorting to frequent “one-off authorisation to category A certifying” staff at transit stations, which is not in line with existing regulatory provisions
Why the airlines’ pleas fall on deaf ears