February 20, 2023
India's domestic Revenue Passenger Kilometres (RPKs) increased by 48.8% in 2022
India’s domestic Available Seat Kilometres (ASK) increased by 30.1% in 2022
International air traffic in 2022 increased by 152.7% compared to 2021 and has reached 62.2% of the pre-pandemic levels
Airlines are expected to post a net profit of US$ 4.7 billion this year
Indian domestic air travel reached 85.7% of pre-covid (2019) levels in 2022, according to a report from the International Air Transport Association (IATA).
The report announced that the recovery in air travel continued in December 2022, and was functional for the whole year as compared to 2021.
According to the report, India’s domestic Revenue Passenger Kilometres (RPKs) increased by 48.8% in 2022, compared to the previous year. Additionally, India’s domestic Available Seat Kilometres (ASK) increased by 30.1% in 2022 compared with a year ago.
The report further added that the global passenger traffic (domestic plus international) increased by 64.4% in 2022.
On the other hand, international air traffic in 2022 increased by 152.7% compared to 2021 and has reached 62.2% of the pre-pandemic levels. International traffic in December 2022 rose by 80.2%, compared with the same month the previous year, reaching 75.1% of the level in December 2019.
The report said that airlines are expected to post a net profit of US$ 4.7 billion this year, the first profit since 2019 when industry net profits were US$ 26.4 billion.
Source: Economic Times