India slipped to the fourth position in domestic air passenger traffic in August with passenger volume growing 3.7 per cent in the month over the period year-ago, reflecting the deepening crisis in the economy spawned by slumping consumer demand, IATA data show.
The average global demand for domestic travel, however, climbed 4.7 per cent in the month under review compared to August last year, unchanged from the previous month, as per International Air Transport Association (IATA) data.
The IATA data came on the day Moody's Investors Service slashed its 2019-20 GDP growth forecast for India to 5.8 per cent from 6.2 per cent earlier, saying the economy was experiencing a pronounced slowdown which is partly related to long-lasting factors.
The average capacity globally rose 4.6 per cent and load factor increased 0.1 percentage point to 85.9 per cent on the average across seven major international aviation markets, IATA data show.
10/10/19 PTI/Economic Times
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The average global demand for domestic travel, however, climbed 4.7 per cent in the month under review compared to August last year, unchanged from the previous month, as per International Air Transport Association (IATA) data.
The IATA data came on the day Moody's Investors Service slashed its 2019-20 GDP growth forecast for India to 5.8 per cent from 6.2 per cent earlier, saying the economy was experiencing a pronounced slowdown which is partly related to long-lasting factors.
The average capacity globally rose 4.6 per cent and load factor increased 0.1 percentage point to 85.9 per cent on the average across seven major international aviation markets, IATA data show.
10/10/19 PTI/Economic Times
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