Key factors contributing to this growth include an increase in the frequency of flights and the introduction of new routes by airlines, which have made air travel more accessible and convenient. Additionally, competitive airfares have played a crucial role in attracting more passengers. This growth is particularly significant as it indicates a steady recovery trajectory for the aviation industry, which had faced severe disruptions due to the COVID-19 pandemic.

The rise in passenger numbers also points to a broader economic recovery, as increased air travel is often correlated with improved business activity and consumer confidence. The data from ICRA underscores the resilience of the Indian aviation sector and its capacity to rebound strongly in the face of challenges.

Despite this positive trend, the industry continues to face hurdles such as high fuel costs and infrastructure limitations at airports. Addressing these issues will be crucial for sustaining growth and ensuring that the sector can continue to expand and serve the increasing number of travellers.