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

The air passenger traffic in the country rose by 14 % 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 %, aircraft traffic by 14 % and cargo traffic at 9 %.

 

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