Air passenger traffic to dip further in FY 2022: ICRA
New Delhi, May 24 (UNI) Due to second wave of COVID-19 domestic air passenger traffic is expected to see a further dip this fiscal and will return to pre-COVID level not before FY 2023, investment information and credit rating agency ICRA said in a press release on Monday.
ICRA has also changed its projection for passenger traffic growth. "Passenger traffic growth estimates revised downwards to 80-85 per cent year-on-year for FY2022 as compared to earlier estimates of 130-135 per cent," the agency said in a press release, adding that pace of mass vaccination programme remains critical for the recovery of the sector.