Thursday, October 13, 2016

ICRA: Air passenger traffic continues on a strong growth trajectory; records 20% increase in August 2016

During August 2016, the air passenger traffic in the country stood at 21.4 million, exhibiting a substantial growth of 20% over August 2015. In 5m FY2017, the passenger traffic has reported a y-o-y growth of 19%, aircraft traffic has grown by 15% and cargo traffic has grown by 7%.

Harsh Jagnani, VP, ICRA Ltd elaborates, “August 2016 reported slight decline (1.1%) in total passenger traffic on m-o-m basis; however, on y-o-y basis there had been a growth of 20% reflecting the continuing overall positive growth trajectory. The passenger traffic growth in August has been driven primarily by significant y-o-y increase in domestic passengers (23%), which constitute over 77% of the total passenger traffic in the country as of August 2016. The aircraft traffic has reported similar trends with a negligible m-o-m growth and y-o-y growth of 13% in August 2016”.

The domestic traffic (both passenger and aircraft) continues to dominate the total traffic with domestic passenger traffic and domestic aircraft traffic reporting a 23% and 15% y-o-y increase respectively in August 2016, significantly higher than the 8% growth reported in both international passenger and aircraft traffic. The passenger growth in the country has remained broad-based with 18 out of the top 20 airports exhibiting double-digit y-o-y growth rates. The growth remained robust across both metro cities (y-o-y growth of 20%) and non-metro cities (y-o-y growth of 19%).
13/10/16 Hospitality Biz India

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