Air passenger traffic 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 per cent. 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 per cent, the highest in over three years.
Harsh Jagnani, Vice President and Sector Head for Corporate Ratings, ICRA, said: “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 per cent and 11 per cent respectively in November 2017. The aircraft traffic has also witnessed healthy increase.”