India’s international air passenger traffic shows de-growth of 8.2% in August

Indian airlines international air passenger traffic degrew 8.2 per cent in August as against a 3.9 per cent growth in the domestic volume in the same month, with market share declining to 34.2 per cent in the month due to under-performance, rating agency Icra said in a note. Moreover, the traffic growth on overseas routes in the first five months was negative at 12.2 per cent as compared to 0.1 per cent negative growth in the period year-ago, Icra said.

The market share of the Indian carriers on international routes declined by 377 basis points year-on-year to 34.2 per cent in August on account of the under-performance, though it witnessed a sequential improvement of 214 basis points. “Given the favourable international scenario, domestic airlines likely to expand further capacities on international routes in the near future to tap the opportunity.