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CareEdge Report
CareEdge expects a recovery in the domestic air travel traffic to reach the pre-Covid levels by June 2022 on account of the waning impact of the Omicron wave, significant vaccination coverage and the pent-up demand from the leisure travel segment.
Strong gross domestic product (GDP) growth, the rising middle-class population in India, and strong traffic growth in tier-II cities are other long-term growth drivers for the sector. Therefore, CareEdge expects a V-shape recovery in the passenger traffic in FY23, with nearly 70% growth over FY22 passenger traffic.
Assuming there is no recurrence of the pandemic, the passenger traffic during FY23 is expected to recover to 93% of the pre-Covid level traffic. The international traffic is expected to revive to pre-Covid levels by early FY24 after the resumption of international flights to full capacity from March 27, 2022.
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