New Delhi: India's domestic air traffic declined by almost five per cent in January even though the overall global market showed an upswing with China becoming the second largest domestic market worldwide, IATA said today.
"India's domestic market was also in negative territory with a 4.9 per cent decline in demand and 5.3 per cent capacity reduction," global airlines' body, International Air Transport Association (IATA), said in its analysis of the January air traffic results.
Without naming Kingfisher Airlines, it said the decline was caused by "one of the major domestic players" effectively exiting the market, apart from weak economic growth, rising infrastructure costs and impact of high fuel prices "exaggerated by excessive taxation."
05/03/13 PTI/Economic Times
