Friday, August 05, 2011

Passenger traffic at Chennai airport up 14% in FY11

Chennai: After a spurt in growth rate of passenger traffic last year, in the immediate wake of economic recovery, the Airports Authority of India expects growth rate to quieten this year at the Chennai Airport.
Passenger traffic at Chennai airport rose 14 per cent to 12.05 million in FY10-11 (from 10.53 m in FY09-10). However, this high growth rate cannot be sustained, says the airport authority. In 2011-12, the airport expects a 9 per cent growth to 13.1 million or 1.31 crore (0.45 crore travelling on the international routes and domestic traffic of 0.86 crore).
“The high growth rate during FY11 was due to the high bubbles after recovery from global recession and this is expected to settle down during the current financial year. Also, with such growth during 2010-11, base traffic had increased substantially. To maintain high growth requires additional flow of traffic. Moreover, such high growth rate may not sustain all the time. Therefore, the forecasted growth is a normal growth and can not be considered as muted,” said Mr E. P. Hareendranathan, Airport Director – Chennai, Airports Authority of India.
05/08/11 Swetha Kannan/Business Line
To Read the News in full at Source, Click the Headline

0 comments:

Post a Comment