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Credit ratings agency Icra has said domestic air passenger volume increased 3 per cent to 23.4 million in November 2022 on a sequential basis propelled by resilient travel demand and onset of the peak holiday season. However, it remained 7 per cent lower compared to the corresponding month of the pre-pandemic period.

It stated overall, the recovery in domestic passenger traffic has been strong since April this year, supported by easing of travel restrictions, resilient passenger demand, reopening of offices, and increase in business and leisure travel.

It mentioned post resumption of international commercial operations from March 27, international air passenger traffic has steadily increased and reached 81 per cent of pre-Covid levels in November, at 4.9 million in the month, growing 3 per cent sequentially. Besides, Icra expects overall domestic passenger traffic to reach 97-98 per cent of pre-Covid levels (FY20) in FY23 and international traffic to reach 87-90 per cent of pre-Covid levels by end-FY23.