Passenger traffic growth revised upwards to 14-16% in the backdrop of strong recovery momentum; international traffic to cross pre-Covid level in FY24, says ratings agency ICRA
An ICRA report says the industry’s net loss to decline significantly to ₹500-700 crore in FY2024 from an estimated ₹11,000-13,000 crore in FY2023.
Growth from long-distance reserved mail express trains is sharper than in passenger, suburban trains. Other coaching revenue up by 50%, goods revenue by 20%, sundry revenue by 95%
With the decline in the second wave of the pandemic, passenger confidence in air travel is on the rebound. Starting October, though, is when traffic numbers could gain momentum, says IndiGo.
