India’s Air Traffic Falls for the First Time in Five Years: IATA
India’s domestic aviation traffic has recorded its first negative growth rate in April since January 2014, according to The International Air Transport Association (IATA). The domestic traffic has fallen 0.5% year-on-year. The demise of Jet Airways is cited as a possible reason for this drop. Over the past five years, annual growth has averaged a pace close to 20%. The main explanation for this dramatic slowing is the exit of... Read More