December 8th, 2021 8:25 PM 0 COMMENTS

The Rise in the Price of Aviation Turbine Fuel Is a Concern, Says ICRA

According to the credit rating agency ICRA, the domestic air passenger traffic grew by 15-16% at around 104-105 lakhs in November 2021. There is also a year-on-year growth of 64%. About 80,750 flight departures happened in November 2021, against 54,132 departures in November 2020. On a sequential basis, the number of departures in November 2021 was higher by 12%, as COVID-19 infections demonstrated a downward trajectory. For November 2021, the... Read More

July 16th, 2020 3:55 AM 0 COMMENTS

Air Passenger Traffic Grows 3.3% in May 2019: ICRA

After a drop of 4.4% in April, Air passenger traffic in India has reported a growth of 3.3% in May 2019, according to ICRA report. The growth is attributed to the capacity increase of the airlines and the resulted moderation of airfare. IndiGo and SpiceJet have added around 15 and 25 aircraft in April and May 2019, registering a fleet growth of 7% and 33% respectively from March 2019. The... Read More

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