Domestic air traffic to reach pre-covid levels only by FY2023
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NEW DELHI, March 2 -- Domestic air traffic is expected to reach pre-covid levels only by fiscal 2023 while international air traffic will see pre-pandemic normalcy by FY24 amid sluggish demand from leisure and business travellers, and a surge in new strains of coronavirus, rating agency Icra said in a report.
"Given that the domestic recovery is hampered by sluggish demand from leisure and business travel and the recovery in international travel is contingent on various government measures for control of Covid amid surgence of variants as well as success of mass vaccination, the domestic traffic is likely to reach pre-covid levels in FY2023 and international in FY2024," said Anupama Arora, vice president, Icra, in a statement.
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