Wednesday, 5 April 2017

Domestic air passenger traffic rises 14% in February 2017: ICRA

The air passenger traffic in the country rose by 14 per cent year-on-year (y-o-y) to 21.9 million in February, domestic rating agency ICRA said on Tuesday.

According to the ICRA report, during the 11 months of financial year 2016-17, y-o-y growth in the passenger traffic has been reported at 19 per cent, aircraft traffic by 14 per cent and cargo traffic at 9 per cent.


"The y-o-y air passenger growth has remained healthy at 14 per cent in February 2017, although there has been some moderation as compared to 22 per cent growth witnessed in January 2017," Harsh Jagnani, Vice President and Sector Head for Corporate Ratings, ICRA, said in a statement.

"This is primarily on account of moderation in domestic traffic, which constitutes 78 per cent of the passenger traffic in the country and has reported a 16 per cent y-o-y growth in February 2017 as against 26 per cent growth in January 2017."

Jagnani said that the international passenger traffic growth also witnessed a marginal dip, falling to seven per cent y-o-y in February 2017 from eight per cent in January 2017.

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