FY20 Domestic Air Passenger Traffic Could Grow 4.5%: ICRA
5 years, 3 months ago

FY20 Domestic Air Passenger Traffic Could Grow 4.5%: ICRA

ABP News  

New Delhi: Ratings agency ICRA expects domestic air passenger traffic growth for the current fiscal to be 4.5 per cent, after five years of double-digit growth. "A series of events during the current fiscal such as discontinuation of operations of Jet Airways, grounding of the Boeing 737 Max aircraft due to technical issues with its flight control software, and issues with the Pratt & Whitney engines for Airbus 320 Neos have impacted the industry's capacity and thus passenger growth," the agency said in a statement. The domestic passenger traffic growth for FY2020 is also expected to be lower at 4.5 per cent, after five years of double digit growth." "Further, supported by the transfer of debt of Rs 295 billion from Air India Limited to a special purpose vehicle with effect from October 01, 2019, the industry is expected to report a lower net loss of Rs 78 billion in FY2020 vis-a-vis an estimated Rs 100 billion net loss in FY2019," noted the ratings agency.

Growth Industry Air Domestic Icra Fy2020 Fy20 Traffic Grow  passenger  air  domestic  icra  45  agency  traffic  grow  fy20  rs  growth  ratings  fy2020  seat  industry  expected  billion

History of this topic

Dominance of foreign airlines on international routes to benefit Indian carriers: ICRA
1 week ago

Dominance of foreign airlines on international routes to benefit Indian carriers: ICRA

Live Mint  

New Delhi, March 20 : The dominance of foreign airlines on international routes presents a significant growth opportunity for Indian carriers, according to a report by rating agency ICRA. International air passenger traffic for Indian carriers is projected to grow by 15-20 per cent in FY2025 and FY2026, against domestic air traffic growth of 7-10 per cent per year. Indian …

Domestic passenger vehicle sales expected to grow 4-7% in FY26: ICRA
1 month ago

Domestic passenger vehicle sales expected to grow 4-7% in FY26: ICRA

The Hindu  

Passenger vehicle sales volume in India is expected to grow at a moderate pace of 4-7% in FY26 with most demand drivers remaining neutral or favourable, according to ratings agency ICRA. As for two-wheelers, ICRA said it estimates the industry volumes to grow at a healthy pace of 6-9% in FY26, following an estimated 11-14% growth in FY25. Accordingly, even …

Despite passenger growth of 14.5pc in Jan25 (YoY), aviation industry likely to post loss in FY25, FY26: ICRA
1 month ago

Despite passenger growth of 14.5pc in Jan25 (YoY), aviation industry likely to post loss in FY25, FY26: ICRA

Live Mint  

New Delhi, February 21 : The Indian aviation industry is expected to report a net loss of ₹2,000-3,000 crore in both FY25 and FY26, according to a report by ICRA. The losses are primarily attributed to pressure on ticket prices as airlines aim to maintain healthy passenger load factors despite high aviation turbine fuel prices. ICRA said "the Indian aviation …

Major auto component firms likely to invest up to ₹30K cr next fiscal: ICRA
Top News
1 month, 1 week ago

Major auto component firms likely to invest up to ₹30K cr next fiscal: ICRA

Live Mint  

New Delhi, Feb 20 Major auto component firms are likely to invest ₹25,000-30,000 crore in the next fiscal for capacity expansion and localisation, including electric vehicle parts, ratings firm ICRA said on Thursday. "ICRA's interaction with large auto component suppliers indicates that the industry is estimated to spend ₹15,000-20,000 crore in FY2025 and another ₹25,000-30,000 crore in FY2026," Vinutaa S, …

India’s economic growth pegged at 6.3% in December quarter of FY25 on govt spending: ICRA
1 month, 1 week ago

India’s economic growth pegged at 6.3% in December quarter of FY25 on govt spending: ICRA

Live Mint  

India Q3 GDP Growth: Domestic rating agency ICRA projected India's gross domestic product to grow 6.4 per cent in the December quarter of FY25, driven by enhanced government spending amid uneven consumption. India Q3 GDP Growth Estimates ICRA Chief Economist Aditi Nayar said India's economic performance in Q3 FY2025 benefitted from a sharp ramp-up in aggregate government spending on capital …

Budget 2025: Will India’s aviation sector fly higher?
2 months, 1 week ago

Budget 2025: Will India’s aviation sector fly higher?

Live Mint  

New Delhi: India's aviation sector is growing rapidly, this is evident from record breaking domestic passenger movement and pending delivery of over 1000 aircraft to Indian airlines. As per DGCA data, the domestic passenger numbers are set to reach yet another record high, crossing the 15 crore mark for the second year in a row. Kinjal Shah, Senior VP, Corporate …

Domestic passenger traffic rose 6.7% in April-November 2024 over 2023: ICRA
3 months ago

Domestic passenger traffic rose 6.7% in April-November 2024 over 2023: ICRA

Hindustan Times  

NEW DELHI: Domestic air traffic from April to November 2024 stood at 107.49 million passengers, reflecting a year-on-year growth of 6.7% and a 12.3% increase over the pre-Covid level of 2019, research and rating firm ICRA said in a statement, indicating a strong rebound in the aviation industry as travel demand continues to rise. ICRA said added that the Indian …

2025 to be mixed year for aviation, says Icra
3 months, 3 weeks ago

2025 to be mixed year for aviation, says Icra

Live Mint  

New Delhi: The year 2025 is likely to be mixed for India's aviation sector, with jet fuel prices, grounding of aircraft, and moderation in yields seen as headwinds for the industry, according to rating agency Icra. Improvement in passenger traffic, significant demand for leisure and business travel and increasing air passenger penetration are likely to be the tailwinds for the …

Domestic Air Traffic Expected To Rise 7-10% In FY25: ICRA
3 months, 3 weeks ago

Domestic Air Traffic Expected To Rise 7-10% In FY25: ICRA

ABP News  

Domestic air traffic is expected to grow 7-10 per cent in the current fiscal year, reaching 164-170 million passengers, while the aviation industry is projected to incur losses of Rs 2,000-3,000 crore, according to a report from rating agency ICRA. In the first half of 2024-25, domestic air passenger traffic stood at 79.3 million, reflecting a 5.3 per cent year-on-year …

Domestic air traffic to rise to 164-170 million in FY25: Icra
3 months, 3 weeks ago

Domestic air traffic to rise to 164-170 million in FY25: Icra

Deccan Chronicle  

New Delhi: Domestic air traffic is projected to rise 7-10 per cent to 164-170 million in the current fiscal year, while the aviation industry's loss is pegged at Rs 2,000-3,000 crore during the same period, according to rating agency Icra. In the first half of 2024-25, Icra said domestic air passenger traffic stood at 79.3 million, marking a 5.3 per …

AAI selects 150 small airports, airstrips for modernization to meet air cargo demand by leveraging existing infra
3 months, 4 weeks ago

AAI selects 150 small airports, airstrips for modernization to meet air cargo demand by leveraging existing infra

Live Mint  

As part of the National Democratic Alliance government’s objective of growing India’s civil aviation sector, the Airports Authority of India has selected 150 small airports and airstrips to modernize and develop, to cater to the increasing air cargo and passenger traffic demand, said two people aware of the development. According to an Icra report, India's air cargo sector has experienced …

India's GDP growth to pick up in third quarter compared to first half of FY25: ICRA
4 months ago

India's GDP growth to pick up in third quarter compared to first half of FY25: ICRA

Deccan Chronicle  

New Delhi: India's economy is projected to grow at a faster pace in the third quarter of the current financial year compared to the first half, according to a report by ICRA. Vehicle registrations surged to 32.4 per cent year-on-year in October 2024, a sharp recovery from a contraction of 8.7 per cent in September 2024. The report also added …

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA
4 months, 1 week ago

India's GDP growth likely to slip at 6.5 per cent, maintains 7 per cent estimate for FY25: ICRA

New Indian Express  

MUMBAI: Domestic rating agency ICRA on Wednesday said India's real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance. The agency, however, maintained its FY25 growth estimate at 7 per cent on expectations of a pick up in economic activity in the second half of the fiscal. …

Domestic air passenger traffic up 6% in June 2024: ICRA
8 months, 2 weeks ago

Domestic air passenger traffic up 6% in June 2024: ICRA

Hindustan Times  

The domestic air passenger traffic rose 6.3% year-on-year in June 2024, and in comparison to the pre-pandemic level, the traffic jumped 10.4%, ratings agency ICRA said on Tuesday. In comparison to the pre-pandemic level, the domestic air passenger traffic jumped 10.4% in June 2024. “Our outlook on Indian aviation is stable amid the continued recovery in domestic and international air …

Corporate India saw 3.7 pc revenue growth in FY24: ICRA
9 months, 1 week ago

Corporate India saw 3.7 pc revenue growth in FY24: ICRA

Deccan Chronicle  

Chennai: Corporate India reported 3.7 per cent revenue growth in FY24. The softening of input costs helped 17.4 per cent growth in earnings. This softening of input costs along with operating leverage benefits helped the companies see an expansion in operating profit margin by 92 bps to 17.2 per cent in Q4 FY2024. However, the OPM growth of 17.4 per …

Domestic air passenger traffic grows 5.1% to about 138.9 million in May: ICRA
9 months, 3 weeks ago

Domestic air passenger traffic grows 5.1% to about 138.9 million in May: ICRA

The Hindu  

Domestic air passenger traffic grew 5.1% year-on-year to an estimated 138.9 million in May and was significantly higher by around 14 per cent than pre-COVID levels, credit ratings agency ICRA said on Thursday. According to the agency, the domestic air passenger traffic for FY24 was around 154 million, with a year-on-year growth of around 13%. It thus surpassed the pre-COVID …

ICRA sees Q4 GDP growth at 6.7 pc
10 months ago

ICRA sees Q4 GDP growth at 6.7 pc

Deccan Chronicle  

Chennai: The GDP growth for the March quarter of FY24 is estimated to moderate to 6.7 per cent, finds ICRA. For the full-year FY2024, ICRA expects the GDP and GVA growth to print at 7.8 per cent and 7 per cent, unless the growth for 9M FY2024 is revised. For Q4, the industrial GVA might ease from 10.4 per cent …

Domestic air passenger traffic likely touched 15.4 crore in 2023–24: Report
11 months, 2 weeks ago

Domestic air passenger traffic likely touched 15.4 crore in 2023–24: Report

New Indian Express  

NEW DELHI: Domestic air passenger traffic is likely to have witnessed an annual growth of 13 percent at around 15.4 crore in 2023–24, and the aviation industry's net loss is expected to have declined to Rs 3,000–4,000 crore during the same period, says a report. For FY24, it said domestic air passenger traffic is estimated at around 154 million, a …

Indian hotel industry revenue expected to grow 7-9 pc in FY25: ICRA
1 year, 1 month ago

Indian hotel industry revenue expected to grow 7-9 pc in FY25: ICRA

Hindustan Times  

Sustenance of domestic leisure travel, demand from meetings, incentives, conferences, and exhibitions, including weddings and business travel despite a temporary lull during the election period are likely to drive demand in FY2025, ICRA said in a statement. "Demand is expected to remain strong across markets in FY2025, as consumer sentiments continue to be healthy and corporate performance is stable," ICRA …

Domestic air traffic registers 52% annual growth; Air India market share falls | Read to know about others
1 year, 11 months ago

Domestic air traffic registers 52% annual growth; Air India market share falls | Read to know about others

India TV News  

New Delhi: The Directorate General of Civil Aviation informed that the domestic air passenger traffic registered an annual growth of 51.70 per cent during January - March 2023. Image Source : PIBDomestic air traffic registers 52% annual growth Landmark achievement Civil Aviation Minister Jyotiraditya Scindia also shared the news on Twitter calling it a “landmark achievement”, and said, “This shows …

Domestic Passenger Traffic Estimated to Grow Nearly 54 Percent in Feb: ICRA
2 years ago

Domestic Passenger Traffic Estimated to Grow Nearly 54 Percent in Feb: ICRA

News 18  

Domestic passenger traffic is estimated to rise by 54 percent year-on-year in February but decline by 5 percent sequentially, according to rating agency ICRA. “The domestic aviation industry continues to witness recovery, with domestic passenger traffic for February 2023 estimated at 119 lakh, 54 percent higher than the domestic passenger traffic of 77 lakh in February 2022 and lower by …

Passenger vehicle makers to invest ₹65,000 cr by FY25: Report
2 years, 3 months ago

Passenger vehicle makers to invest ₹65,000 cr by FY25: Report

Live Mint  

Carmakers are expected to invest around ₹65,000 crore by FY25 to ramp up production of passenger vehicles in order to cater to enhanced demand, rating agency Icra said on Monday. The passenger vehicle industry wholesale volumes are expected to touch an all-time high of 3.7-3.8 million units in FY23, a growth of 21-24 per cent over the previous fiscal, driven …

Air travel fails to take off in India during festival season
2 years, 4 months ago

Air travel fails to take off in India during festival season

The Hindu  

Despite festival demand last month, air traveller count failed to match pre-COVID-19 levels and remained behind by 8%. Domestic passenger traffic for October 2022 is estimated to be at 114 lakh, according to ratings agency ICRA. Though passengers are dealing with higher fares as airlines try to improve yields, ICRA noted that airlines were unable to offset the impact of …

GDP growth projected to spike to four-quarter high 13.0 per cent in Q1 FY2023, says ICRA
2 years, 7 months ago

GDP growth projected to spike to four-quarter high 13.0 per cent in Q1 FY2023, says ICRA

India TV News  

Highlights GDP growth is expected to expand in double digits at 13 per cent in Q1FY23 It's due to low base in contact-intensive sectors following widening vaccination coverage: ICRA Gross value added at basic price in Q1FY23 is projected at 12.6 per cent from 3.9 per cent earlier Business news : GDP growth is expected to expand in double digits …

Auto component industry likely to clock 8-10% growth in FY23: report
2 years, 11 months ago

Auto component industry likely to clock 8-10% growth in FY23: report

The Hindu  

The Indian auto component industry is expected to clock 8-10% growth in FY23, supported by the easing of supply-chain issues and commodity inflation in the second half of the year, according to rating agency Icra. Domestic OEM demand has remained a mixed bag across segments in FY2022, with a slowdown in two-wheelers and semiconductor shortage dragging down overall production volumes," …

Airports in India to Become Profitable After Two Years in FY2023: ICRA
2 years, 11 months ago

Airports in India to Become Profitable After Two Years in FY2023: ICRA

News 18  

After a gap of two years, India’s airport sector is expected to become profitable in FY23. According to ICRA estimates, all India passenger traffic is likely to increase by 68-70 per cent YoY to 317-320 million in FY2023. Besides, domestic passenger traffic is expected to witness 64-66 per cent YoY growth in FY2023 and reach pre-Covid levels. On Sunday, the …

AAI estimates full passenger recovery by end of FY23
2 years, 11 months ago

AAI estimates full passenger recovery by end of FY23

The Hindu  

Indian airports could see total number of domestic and international passengers return to pre-pandemic levels by the end of financial year 2023, according to a forecast by the Airports Authority of India. Its forecast indicates that the traffic could be almost at pre-pandemic levels by the end of FY23 and reach 33.8 crore - 99.1% of FY20 passenger numbers. According …

Domestic Passenger Traffic Dropped by 37 Percent Since January 1 Due to Omicron
3 years, 2 months ago

Domestic Passenger Traffic Dropped by 37 Percent Since January 1 Due to Omicron

News 18  

Domestic passenger traffic in India dropped 37% since January 1, with less than two lakh people flying daily, which set the traffic back to the volumes handled in July last year. Positive pandemic developments along with holiday season and lesser Covid restrictions pushed India’s November 2021 domestic air passenger traffic higher on a year-on-year basis. According to the International Air …

India's real GDP likely to maintain 9% growth rate in FY2022, FY2023 amid Omircon threat: Icra
3 years, 2 months ago

India's real GDP likely to maintain 9% growth rate in FY2022, FY2023 amid Omircon threat: Icra

Firstpost  

The rating agency believes that rising consumption will push capacity utilisation above the crucial threshold of 75% by the end of 2022 Mumbai: The country’s real gross domestic product is likely to maintain a 9 percent growth rate in fiscal 2022 and 2023, amid concerns over the Omicron variant of COVID-19, says a report. Looking ahead, we expect the economy …

Domestic two-wheeler volume to shrink 1-4% YoY this fiscal: ICRA
3 years, 4 months ago

Domestic two-wheeler volume to shrink 1-4% YoY this fiscal: ICRA

The Hindu  

Domestic two-wheeler volume is expected to shrink by 1-4% year-on-year this fiscal, impacted by relentless increase in two-wheeler prices as well as record high petrol cost, among others, credit ratings agency ICRA has said. ICRA Ratings expects domestic two-wheeler volumes to contract by 1-4% YoY in FY2022, following a weak festive season performance for the industry. While the demand for …

Domestic Air Passenger Traffic Up 31 Percent at 66 Lakh in August in India: ICRA
3 years, 6 months ago

Domestic Air Passenger Traffic Up 31 Percent at 66 Lakh in August in India: ICRA

News 18  

Domestic air passenger traffic continued on the growth trajectory in August with volumes growing up to 31 per cent to 66 lakh over the previous month, helped by higher capacity deployment and a downward trend in the pandemic, credit ratings agency ICRA said on Monday. Domestic passenger traffic on a year-on-year basis, however, spiked around 131 per cent over August …

Indian aviation industry may incur losses worth ₹26,000 crore in FY22: Report
3 years, 6 months ago

Indian aviation industry may incur losses worth ₹26,000 crore in FY22: Report

The Hindu  

Pandemic-hit Indian aviation industry is expected to report a net loss of ₹25,000-26,000 crore while its debt level may increase to ₹1.2 lakh crore in the ongoing fiscal year, credit ratings agency ICRA said on Tuesday. The aviation industry is expected to witness a strong year-on-year growth of 45-50% in domestic air passenger traffic and80-85% in international air passenger traffic …

Domestic Airlines Fleet in India Cross 700 Planes, 73 New Aircrafts Added in 2020: DGCA
4 years ago

Domestic Airlines Fleet in India Cross 700 Planes, 73 New Aircrafts Added in 2020: DGCA

News 18  

India’s civil aviation sector, which was heavily battered by the Covid-19 pandemic, added over 20 aircraft during the year 2020. In January, on a year-on-year basis, the air passenger traffic had dropped by 39.50 per cent to 77.34 lakh from 127.83 lakh reported for the corresponding period of the previous year. On a sequential basis, domestic passenger traffic rose 5.55 …

October air passenger traffic up 33% sequentially: Icra
4 years, 4 months ago

October air passenger traffic up 33% sequentially: Icra

Live Mint  

NEW DELHI: Domestic air passenger traffic continued to recover in October, growing 33% month-on-month but was 58% lower on year because of the pandemic, rating agency Icra said in a report on Friday. “For October 2020, the average daily departures were about 1,574, significantly lower than the average daily departures of 3,031 in October 2019, though better than about 1,311 …

FY2021 Passenger Vehicle Industry Volumes Expected to Decline by 22-25 Percent: ICRA
4 years, 5 months ago

FY2021 Passenger Vehicle Industry Volumes Expected to Decline by 22-25 Percent: ICRA

News 18  

Passenger vehicle industry’s FY21 volumes are expected to witness a 22-25 per cent decline, rating agency ICRA said on Wednesday. “The industry segment’s fortunes are tied with the GDP growth rates and overall consumer sentiments which are currently at historic lows; this recessionary environment has resulted in purchase deferrals," ICRA said in a research note. “While the industry was hit …

India to end 2019 with 640 civilian aircraft, 4% traffic growth despite economic slowdown
5 years, 2 months ago

India to end 2019 with 640 civilian aircraft, 4% traffic growth despite economic slowdown

India Today  

India is expected to end the calendar year 2019 with around 640 civilian aircraft and a 4 per cent jump in passenger traffic despite a general economic slowdown along with the grounding of a major domestic carrier. A recent International Air Transport Association's traffic report showed that India's year-on-year domestic air passenger traffic growth rate to 3.6 per cent in …

Despite GDP Downfall In Q2 Of FY20, Rating Agency ICRA Says There's Ray Of Hope For Economy
5 years, 4 months ago

Despite GDP Downfall In Q2 Of FY20, Rating Agency ICRA Says There's Ray Of Hope For Economy

ABP News  

India's growth rate is expected to fall further in the second quarter of FY 2020 fiscal on the backdrop of deteriorating momentum in the industry, even as the agriculture and services industry may continue growth posted in the first quarter. According to a report by ratings agency ICRA India's growth rate is expected to further slowdown to 4.7 per cent …

DGCA sees passenger traffic growing at up to 9% this year
5 years, 5 months ago

DGCA sees passenger traffic growing at up to 9% this year

Live Mint  

Domestic air passenger traffic is expected to clock up high single-digit growth in 2019, benefitting from the induction of aircraft by airlines and an expected rise in air travel during the festival season, a senior Directorate General of Civil Aviation official said. “The air passenger growth is expected to be at high single digit, between 7% and 9% during 2019,” …

Passenger vehicle sales may dip in 2019-20; agricultural output, revival in economy crucial for auto sector’s growth: ICRA
5 years, 6 months ago

Passenger vehicle sales may dip in 2019-20; agricultural output, revival in economy crucial for auto sector’s growth: ICRA

Firstpost  

The auto sector has already registered a 21.6% -plus de-growth in the first four months of 2019-20, ICRA said. New Delhi: Passenger vehicle sales in India is likely to decline in the range of 4-7 percent this fiscal saying agricultural output, revival in economic and industrial growth would be critical for auto sector’s growth despite recent government measures to rekindle …

PV sales likely to decline in the range of 4-7% in 2019-20: ICRA
5 years, 6 months ago

PV sales likely to decline in the range of 4-7% in 2019-20: ICRA

Live Mint  

Passenger vehicle sales in India is likely to decline in the range of 4-7 per cent this fiscal saying agricultural output, revival in economic and industrial growth would be critical for auto sector's growth despite recent government measures to rekindle demand. The auto industry has already registered a 21.6 per cent plus de-growth in the first four months of 2019-20, …

Demand slowdown to curtail tyre industry revenue growth to 3-4% in FY20: ICRA
5 years, 7 months ago

Demand slowdown to curtail tyre industry revenue growth to 3-4% in FY20: ICRA

Firstpost  

Ratings agency ICRA on Tuesday said demand slowdown will curtail tyre industry’s revenue growth to 3-4 percent in 2019-20, and margins are expected to decline New Delhi: Ratings agency ICRA on Tuesday said demand slowdown will curtail tyre industry’s revenue growth to 3-4 percent in 2019-20, and margins are expected to decline. ICRA Ltd Vice President and Co-Head, Corporate Ratings …

India's domestic air traffic set to grow at 10%: Airbus
11 years, 6 months ago

India's domestic air traffic set to grow at 10%: Airbus

India TV News  

London: India's domestic air traffic is set to grow at the “fastest rate” of 10 per cent against the global average of about five per cent in the next two decades, triggering a demand for over 29,000 additional planes across the world, aircraft manufacturer Airbus said today. Air travel till 2032 will be fuelled by traffic to and from emerging …

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