Reference:

• According to the latest report by ICRA, India’s domestic aviation sector witnessed significant growth during the financial year 2025 (April 2024 – March 2025).

Key Highlights:

Domestic Air Passenger Growth:

• The total number of domestic air passengers in FY 2025 reached 165.4 million, marking a 7.6% year-on-year increase.
• This figure is 16.8% higher than the pre-COVID level of FY 2020 (141.5 million passengers).

International Air Passengers:

• Indian carriers handled 33.8 million international passengers in FY 2025.
• This represents a 14.1% year-on-year growth and a 49% increase over the pre-COVID level of 22.7 million.

Domestic Passenger Traffic (April 2025):

• In April 2025 alone, the estimated number of domestic passengers was 14.5 million, a 10.2% increase compared to April 2024.
• Airlines also reported a 6.9% year-on-year increase in capacity deployment during April 2025.

Passenger Load Factor (PLF) and Peak Travel:

• The domestic aviation industry recorded a robust 86% PLF in FY 2025, indicating strong demand and efficient airline operations.
• The highest single-day domestic air passenger traffic was recorded on 23 February 2025, with 535,343 passengers flying across India, driven largely by travel associated with the Mahakumbh event in Prayagraj.

Future Outlook:

• ICRA has maintained a stable outlook for FY 2026, with projected domestic passenger traffic growth in the range of 7-10%.
• This growth is expected to continue despite a high base and possible seasonal disruptions.

About ICRA: Investment Information and Credit Rating Agency of India Limited

• Established: 1991
• Headquarters: Mumbai, Maharashtra

Key Features:

ICRA is a leading credit rating agency that follows a transparent and objective rating methodology. It offers ratings in various areas such as:

• Credit Ratings
• Corporate Governance Ratings
• Mutual Fund Ratings
• Structured Finance Ratings
• Performance Ratings