Air passenger traffic likely to rise 9% CAGR to 485 mn by FY27: Report

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Air passenger traffic likely to rise 9% CAGR to 485 mn by FY27: Report - Business Standard

Quick Summary:

Air passenger traffic is likely to rise at a 9 per cent compounded annual growth rate (CAGR) between FY2025 and FY2027, taking the passenger volume to approximately 485 million by FY27, ratings agency CareEdge said on Monday.

International passenger traffic is likely to grow at a faster pace, supported by the induction of more wide-body aircraft from FY26, while the domestic passenger traffic may continue with its steady upward trajectory, expanding from a high base, it added.

The Indian aviation sector has experienced a V-shaped recovery, with passenger traffic reaching 1.10 times its pre-COVID levels in FY24, the rating agency said.