Domestic air traffic falls 4.2% due to Jet Airways grounding, says Icra

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.