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New Delhi, India: ICRA has revised its domestic air passenger growth projection for FY26 to 4–6%, down from the previous estimate of 7–10%. This adjustment follows a modest 0.3% year-on-year increase in passenger traffic to 13.17 million in August 2025. The revised forecast anticipates a total of 172–176 million domestic passengers for the fiscal year, compared to 165.4 million in FY25. International air traffic growth estimates have also been reduced to 13–15% for FY26, from the earlier projection of 15–20%. Factors contributing to this downgrade include geopolitical tensions affecting flight operations, decreased travel confidence following a recent aircraft accident, and global trade challenges such as the impact of U.S. tariffs. Consequently, ICRA projects the aviation sector's net losses to widen to ₹9,500–10,500 crore in FY26, up from ₹5,500 crore in FY25. This increase is attributed to slower passenger growth amid rising aircraft deliveries and operational hurdles. Industry capacity also declined, with capacity deployment in August 2025 dropping 5.8% compared to the same month last year. Supply chain disruptions and engine issues, particularly involving Pratt & Whitney engines, have led to approximately 133 aircraft being grounded as of March 31, 2025, accounting for 15–17% of the total industry fleet. Despite a decrease in aviation turbine fuel (ATF) prices, cost pressures persist due to the dollar-denominated nature of key operating expenses, including fuel, aircraft leases, and maintenance. These factors continue to impact airlines' profitability. ICRA notes that while some carriers benefit from strong parental support and adequate liquidity, others may face challenges in maintaining credit metrics and liquidity profiles in the near term.

ICRA Slashes India’s FY26 Air Passenger Growth Forecast to 4–6%, Warns of Losses

Aviation Today News Desk / October 4, 2025

New Delhi, India: ICRA has revised its domestic air passenger growth projection for FY26 to 4–6%, down from the previous […]

Mumbai, India: A major aviation scare unfolded on Friday afternoon when a SpiceJet Bombardier Q400 aircraft operating flight SG 2906 from Kandla to Mumbai lost one of its main landing gear wheels shortly after take-off. The aircraft, carrying 75 passengers and crew, landed safely at Chhatrapati Shivaji Maharaj International Airport (CSMIA) under full emergency protocol, averting a potential disaster. According to airport authorities at Kandla, air traffic controllers spotted an object falling off the aircraft during take-off around 2:38 pm. Upon closer inspection, officials confirmed that it was the outer wheel of the right rear landing gear, along with metal rings that rolled off the runway. The parts were later recovered for investigation. Despite the wheel loss, the pilots continued to Mumbai after coordinating with air traffic control. A full emergency was declared at Mumbai airport, where firefighting and rescue teams were positioned near the runway. The aircraft landed at 3:51 pm on Runway 27, taxied under its own power, and parked safely. All passengers disembarked without incident. A SpiceJet spokesperson confirmed the incident, stating that the airline is cooperating with the Directorate General of Civil Aviation (DGCA) for a detailed probe. “The safety of our passengers and crew remains our highest priority. The affected aircraft has been grounded pending thorough inspection,” the airline said in a statement. Aviation experts suggest several possible causes for such a wheel detachment, including failure of the locking mechanism, loose axle nuts, bearing issues, or material fatigue. The Q400’s landing gear has dual wheels on each side, which allowed the pilots to land with reduced but adequate braking capability. Operations at Mumbai airport resumed shortly after the aircraft was cleared from the runway. No further delays were reported. The DGCA has initiated an inquiry to determine whether the incident was due to a maintenance lapse, manufacturing defect, or operational issue. Preliminary findings are expected in the coming days.

SpiceJet Flight Lands Safely in Mumbai After Wheel Loss Mid-Flight, DGCA Investigates

Aviation Today News Desk / September 13, 2025

Mumbai, India: A major aviation scare unfolded on Friday afternoon when a SpiceJet Bombardier Q400 aircraft operating flight SG 2906

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