Growth will be fuelled by robust economic activity, rising untapped demand, and the easing of capacity constraints at key metros, the ratings agency said. Airport traffic in India is projected to rise from nearly 415 million passengers this fiscal to around 580 million by fiscal 2030, at a compound annual growth rate of 8-9 per...
Tag: Passenger growth
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Despite demonetisation, air passenger traffic rises 24percent in December
The governmentĆĀ“s demonetisation move, which reportedly hit demand in several sectors, has not had any impact on air travel in the country. The Indian aviation industryĆĀ“s strong passenger growth continued unabated in December when domestic airlines flew 23.91 per cent more passengers than a year earlier, according to latest data from the Directorate General of Civil Aviation (DGCA).