Air passenger traffic growth remains robust: ICRA

The air passenger traffic in the country  at 26.0 million in November 2017, has exhibited a healthy year-on-year(Y-o-Y) growth of 15%. In another positive development for the industry, the cargo traffic in the country reached 282,000 tonnes in November 2017, witnessing a Y-o-Y growth of 20%, the highest in over three years.

Harsh Jagnani, Vice President and Sector Head for Corporate Ratings, ICRA  said: “The Y-o-Y air passenger growth has remained healthy at 15% in November 2017, although there has been some moderation, as compared to 18% growth witnessed in October 2017. The growth has been driven by healthy increase in both domestic and international passenger traffic, which has exhibited a Y-o-Y increase of 17% and 11% respectively in November 2017. In line with the growth in passenger traffic, the aircraft traffic has also witnessed healthy increase, reporting Y-o-Y growth of 11% for November 2017.