Whalesbook
ICRA's latest report forecasts modest domestic air passenger traffic growth of 4-6% for India in FY26, impacted by external shocks like geopolitical escalations, safety concerns, and trade headwinds. In contrast, international travel for Indian carriers is projected to grow robustly by 13-15%. The agency also highlights ongoing cost pressures, including rising fuel prices, forex volatility, and a significant number of grounded aircraft due to technical issues, which are straining airline finances.