NEW DELHI: The demise of Jet AirwaysNSE 1.35 % has taken away the distinction of being the highest growing domestic aviation market in the world from India’s aviation, which fell by 0.5% during the month of April – the first time in six years, says International Air Transport Association (IATA).
“India’s airlines’ traffic actually fell 0.5% year-over-year, reflecting the impact of the shut-down of Jet Airways down from a 15%yoy pace as recently as December. Over the past five years, annual growth has averaged a pace close to 20%. This marked the first time in over five years that monthly domestic traffic declined compared to the year-ago period,” said a passenger traffic data from IATA.
