The grounding of the private carrier Jet Airways has impacted industry’s capacity by as much as about 14 per cent, and this has resulted in a 4.2 per cent fall in domestic air traffic to 10.99 million in April, according to a note by Icra.
The domestic passenger traffic remained on an upswing between July 2013 and March 2019, after witnessing year-on-year de-growth in June 2013, the ratings agency said in the note on Thursday.
The moderation in capacity, which started in February when the now-defunct Jet Airways began grounding its fleet in a staggered manner and, which eventually led to shuttering of operations around mid-last month, has also resulted in an increase of 30-40 per cent in airfares in March as compared to September last year, Icra said.
