Air traffic growth hits 5-year low in FY19 at 11.6%; cargo at 6%

The pace of growth in air traffic hit a five-year low at 11.6 percent in fiscal 2019, pulled down by low growth of 3.9 percent in the March quarter as against a healthy 14.9 percent in the first three quarters.

Cargo traffic growth also moderated in the year to 6 percent, as against double-digits growth witnessed over the past two years.

According to Icra, domestic passenger traffic declined by 1.1 percent in March, overall traffic saw a de-growth of 0.1 percent in the month as international aircraft movement dipped by 1 percent while domestic aircraft movement was flat.

The de-growth in March was the first since February 2013, the agency said Thursday.