Chennai, Nov. 13 -- Credit rating agency CARE Ratings expects lower growth of 4.3 percent in the air traffic passengers numbers this fiscal. In its latest report CARE Ratings said it anticipates passenger traffic to reach about 430 million passengers in FY26, revised from its earlier estimate 445 million passengers.
"The downward revision reflects the impact of cross-border tensions in Q1 FY26, lower aircraft availability due to fleet-wide inspections following the fatal aircraft accident in June 2025, and delay in arrival of wide-bodied aircrafts that dampened passenger traffic growth during the first half of the fiscal year," Palak Vyas, Associate Director said.
"Over the medium term, with passenger traffic expected to grow at a CAGR of...