Air traffic holds up in Nov

Mumbai: From mobile phone connections to automobiles, the consumer sector has been showing signs of cooling over the last couple of months. Domestic aviation traffic, has, however, bucked the trend, with no sign of a slowdown in November. Despite a tough economic climate, domestic air traffic has held up, say analysts. Air traffic in November grew 13.4 per cent year-on-year to 5.4 million passengers. While this growth may be slower than the 17-22 per cent seen since June 2011, analysts believe it is still a healthy sign.
Most carriers saw yields increase by an average 20 per cent in the first week of November. With Kingfisher cancelling flights on certain routes, passengers moved to other carriers, which, in turn, not only helped improve their yields, but also kept fares higher.
Despite the growth in traffic in November, the airline industry remains on a weak footing in India, with losses mounting to Rs 15,000 crore this year.
29/12/11 Business Standard

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Categories: Indian Aviation- In General Dec 2011