For 2 months of FY2025 (April-May 2024), domestic air passenger traffic was 270.9 lakh, reflecting a YoY growth of 3.8 per cent over 261.0 lakh in 2M FY2024, according to ICRA. The airlines’ capacity deployment in May 2024 was higher by 6 per cent than that of May 2023 and higher by 2 per cent over April 2024. It is estimated that the domestic aviation industry operated at a passenger load factor (PLF) of 91 per cent in May 2024 against 92 per cent in May 2023 and 90 per cent in May 2019 (pre-Covid). Post a YoY decline of 14 per cent in average ATF prices in FY2024 over FY2023, the prices of ATF in April 2024 declined by 0.4 per cent sequentially, but rose by 0.7 per cent in May 2024.
In June 2024, it declined by 6.5 per cent sequentially. Domestic air passenger traffic for May 2024 was estimated at 138.9 lakh, 5.2 per cent higher than 132.0 lakh in April 2024. Further, it grew by 5.1 per cent on a YoY basis and was significantly higher by 4.0 per cent compared to pre-Covid levels. The airlines’ capacity deployment in May 2024 was higher than May 2023 by 6 per cent and higher by 2 per cent over April 2024.
For FY2024 (Apri l– March), domestic air passenger traffic was 154 million with YoY growth of 13 per cent. It thus surpassed the preCovid levels of 142 million
in FY2020. Further, for FY2024, the international passenger traffic for Indian carriers stood at 296.8 lakh, a YoY growth of 24 per cent, and higher than the pre-Covid levels of 227.3 lakh by 30 per cent, surpassing the peak levels of 259.0 lakh in FY2019 (April–March 2019). For 2M FY2025 (April-May 2024), domestic air passenger traffic was 270.9 lakh, reflecting a YoY growth of 3.8 per cent over 2M FY2024.
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