India's aviation grows 4.1% YoY despite global headwinds
India's domestic air traffic rose 4.1% YoY to 14.36 million in May 2025, while international flyers surged 17.2% in April. FY2025 saw record growth in both segments, as per ICRA. Despite global tensions and rising costs, the sector remains stable. FY2026 forecasts continued growth, though margins may tighten due to higher operating expenses and pricing pressures.