The domestic aviation market is shrinking and how. Between January and December 2012, 18.44 lakh less passengers took to the skies compared to calendar 2011.
Though this shows up a mere 3.04 percent decline in percentage terms, the drop in air traffic in actual numbers is serious enough to alarm the industry.
Is this due to the overall economic situation, unusually high fares during the peak season or massive travel cuts by corporate fliers? Reuters
According to data released by aviation regulator DGCA, only 588.19 lakh people took domestic flights last year against 606.63 in 2011.
Is this due to the overall economic situation, unusually high fares during the peak season or massive travel cuts by corporate fliers? Perhaps all three reasons together accounted for this massive fall in domestic air travel.
18/01/13 Sindhu Bhattacharya/First Post.com
