Airlines have expected a 10% Passenger Growth Cheers!!

Rise in the Corporate and low fares rises 26% in the August rates, The Aviation industry is quite happy with the small changes happening. The $14-billion Indian aviation industry is showing signs of recovery. Carriers, as well as experts, expect 10 per cent growth in passenger traffic against their earlier prediction of not more than 5 per cent. Last year, passenger numbers dropped 10.5 per cent. In August, domestic sector traffic rose 26 per cent year-on-year, which is the first time in almost a year that a double digit growth has been recorded.

All are happy with the small projection with took place in the industry and it has to grow more, Surely, the revival has come much earlier than was anticipated. Our projections for the year were that the market would revive in the third quarter of this financial year but it revived early in August,” said Kapil Kaul, CEO (Indian sub-continent and West Asia), Centre for Asia Pacific Aviation in India.

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~ by anand213 on September 21, 2009.

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