Rising KashmirRising KashmirRising Kashmir
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Anchor
  • Breaking
  • Business
  • City
  • Developing Story
  • Editorial
  • Education
  • Features
  • Health
  • Interview
  • Jammu
  • Jammu and Kashmir News
  • Kashmir
  • Kashmir Tourism
  • Kath Bath
  • National
  • Opinion
  • Politics
  • Sports
  • Technology
  • Top Stories
  • Trending
  • Uncategorized
  • Video
  • Viewpoint
  • World
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: India’s air traffic poised to soar 15% in 2023-24: Report
Share
Notification Show More
Font ResizerAa
Rising KashmirRising Kashmir
Font ResizerAa
  • Home
  • Top Stories
  • News
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Search
  • Home
  • Top Stories
  • News
    • Kashmir
    • City
    • Jammu
    • Politics
  • Health
  • Anchor
  • Features
  • Interview
  • Video
Follow US
© 2024. All Rights Reserved.
Rising Kashmir > Blog > Breaking > India’s air traffic poised to soar 15% in 2023-24: Report
Breaking

India’s air traffic poised to soar 15% in 2023-24: Report

ANI
Last updated: November 28, 2023 1:20 pm
ANI
Published: November 28, 2023
Share
4 Min Read
SHARE

India’s air traffic is expected to rise about 15 per cent to 155 million passengers in 2023-24, despite the grounding of Go First, according to aviation advisory and research firm CAPA India.

This projection is in line with the firm’s March 2023 estimate.

Despite the sudden exit of Go First in May this year, the fact that there are 150+ aircraft still on the ground, and the worsening supply chain issues (in contrast to the improvement that was expected), domestic traffic in India has shown resilience, the advisory firm said in its latest aviation outlook report.

“As of now, Indian carriers have around 150+ aircraft on the ground, largely due to supply chain and other issues,” the report said.

This could cross 200 aircraft by the end of March 2024.

“This could cross 200 aircraft by the end of March 2024. This is also creating a shortage of parking bays, with aircraft having to be parked at hangars and MROs (maintenance, repair and overhaul) across the country. If the number of groundings increases, the parking challenges will become more acute,” it added.

Further, India’s international air traffic has also maintained growth in line with CAPA’s guidance and is expected to end the year at around 70 million passengers.

Overall industry profitability is expected to be largely in line with CAPA’s initial guidance of a loss of USD 1.648 billion, of which full-service carriers are expected to account for USD 1.4-1.5 billion and low-cost carriers for USD 200-300 million.

The forecast for low-cost carriers’ losses has been revised downwards from earlier as a result of IndiGo’s exceptional profitability in April-June (Q1).

“Despite having a very challenging FY2024 from an operational perspective due to the Pratt & Whitney engine issues, IndiGo is expected to post a record profit of USD 500 million and will see its cash balances increase by USD 1.2+ billion.”

“Air India Group will have added over 60 aircraft by the end of this financial year, including 30 for Air India, 20 for Air India Express and 10+ for Vistara, by which time the total fleet will reach close to 300 aircraft. The airline continues to expand rapidly as it seeks to make up for lost time.”

Further, the advisory firm, in its latest outlook, said India’s operational fleet continues to be severely constrained.

By the end of this year, out of a projected 789 aircraft on the register, only 588 are expected to be operational, it said.

“Airlines such as IndiGo and SpiceJet have resorted to inducting aircraft on wet lease to bridge the shortfall in capacity. Upto 30 wet-leased aircraft are expected to be operating in India by Mar-2024,” it said.

On the most crucial ticket prices, it said domestic and international fares continue to normalise from post-pandemic highs, despite the shortages in the number of aircraft. (ANI)

Drone surveillance of national highways boosts security ahead of Amarnath Yatra in J&K
“Engineer Rashid targeting National Conference”: NC Vice President Omar Abdullah
Kashmir Valley endures severe dry spell amid harsh winter
India’s star pacer Mohammed Shami ruled out of IPL 2024
LPG cylinders to get costlier by Rs 50 from tomorrow

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Copy Link Print
Previous Article Indian Army vigilant at LOC to stop any attempt of infiltration in North Kashmir
Next Article Rajouri murder case: Prosecuting officer dismissed for taking Rs 2 lakh bribe
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

1MFollowersLike
262kFollowersFollow
InstagramFollow
234kSubscribersSubscribe
Google NewsFollow

Latest News

Hyderpora underpass turns into cab stand, sparks safety concerns
City
May 26, 2025
Bear-Proof Corral unveiled to tackle human-wildlife conflict in Drass
Kashmir
May 26, 2025
SACPPE holds session to safeguard children from unexploded shells in Uri
Kashmir
May 26, 2025
‘Prem Visheshagya’ brings laughter to Natrangs’ Sunday theatre
Jammu
May 26, 2025

Recent Posts

  • Hyderpora underpass turns into cab stand, sparks safety concerns
  • Bear-Proof Corral unveiled to tackle human-wildlife conflict in Drass
  • SACPPE holds session to safeguard children from unexploded shells in Uri
  • ‘Prem Visheshagya’ brings laughter to Natrangs’ Sunday theatre
  • Admin spreads awareness on drug abuse in Sgr

Recent Comments

  1. SavePlus on AI and Behavioural Analytics in Gaming: Making the World of Gaming Better
  2. Parul on Govt acknowledges faulty streetlights on Narbal-Tangmarg road
  3. dr gora on Women Veterinarians and the Goal of Viksit Bharat
  4. jalwa game login on National Education Policy 2020: Transforming India’s Educational System
  5. Virender Bhat on Pahalgam Attack: A War on Humanity, Peace, and Kashmiriyat

Contact Us

Flat No 7,Press Enclave, Srinagar, 190001
0194 2477887
9971795706
[email protected]
[email protected]

Quick Link

  • E-Paper
  • About Us
  • Contact Us

Top Categories

Stay Connected

1.06MLike
262.5kFollow
InstagramFollow
234.3kSubscribe
WhatsAppFollow
Rising KashmirRising Kashmir
Follow US
© 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?