Indian domestic air passenger traffic increased by 23%

15 Sep 2023 CW Team

Furthermore, capacity deployment in August grew by 10 per cent compared to August 2022 but was slightly lower, down by 1 per cent, when compared to pre-COVID levels from August 2019.

Icra's outlook for the domestic aviation industry is considered 'stable,' given the rapid recovery in domestic passenger traffic during the previous fiscal year and expectations that this trend will continue into the current fiscal year. The industry has also seen improved pricing power, resulting in better yields and a favourable revenue per available seat kilometre (RASK) compared to the cost per available seat-kilometre (CASK) for airlines.

This positive trend is expected to continue, primarily due to year-on-year declines in aviation turbine fuel (ATF) prices since April and relatively stable foreign exchange rates. However, despite healthy passenger traffic recovery, the industry still faces challenges related to elevated ATF prices and rupee depreciation against the US Dollar when compared to pre-COVID levels, both of which significantly impact airlines' cost structures.

Icra noted that the recovery in industry earnings is likely to be gradual due to the high fixed-cost nature of the airline business. The industry is estimated to have reported a net loss of around Rs 170-170.5 billion in FY23 due to elevated ATF prices and currency depreciation. However, this is an improvement compared to the net loss of around Rs 217 billion in FY2022. The net loss is expected to decrease significantly to Rs 30-50 billion in FY24 as airlines continue to witness healthy passenger traffic growth and maintain pricing discipline, following industry consolidation.

In August, India's domestic air passenger traffic increased by approximately 23 per cent year-on-year, reaching 12.4 million passengers, according to credit rating agency Icra. This figure was also 6 per cent higher than the pre-COVID levels observed in August 2019, which stood at around 11.8 million passengers. On a month-to-month basis, there was a 3.2 per cent growth in traffic compared to July, with 12.1 million passengers travelling on domestic routes.Furthermore, capacity deployment in August grew by 10 per cent compared to August 2022 but was slightly lower, down by 1 per cent, when compared to pre-COVID levels from August 2019.Icra's outlook for the domestic aviation industry is considered 'stable,' given the rapid recovery in domestic passenger traffic during the previous fiscal year and expectations that this trend will continue into the current fiscal year. The industry has also seen improved pricing power, resulting in better yields and a favourable revenue per available seat kilometre (RASK) compared to the cost per available seat-kilometre (CASK) for airlines.This positive trend is expected to continue, primarily due to year-on-year declines in aviation turbine fuel (ATF) prices since April and relatively stable foreign exchange rates. However, despite healthy passenger traffic recovery, the industry still faces challenges related to elevated ATF prices and rupee depreciation against the US Dollar when compared to pre-COVID levels, both of which significantly impact airlines' cost structures.Icra noted that the recovery in industry earnings is likely to be gradual due to the high fixed-cost nature of the airline business. The industry is estimated to have reported a net loss of around Rs 170-170.5 billion in FY23 due to elevated ATF prices and currency depreciation. However, this is an improvement compared to the net loss of around Rs 217 billion in FY2022. The net loss is expected to decrease significantly to Rs 30-50 billion in FY24 as airlines continue to witness healthy passenger traffic growth and maintain pricing discipline, following industry consolidation.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Infrastructure Energy

04 May 2026

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

Infrastructure Urban

04 May 2026

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..