{"id":306460,"date":"2019-12-20T11:09:47","date_gmt":"2019-12-20T05:39:47","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=306460"},"modified":"2019-12-20T11:34:42","modified_gmt":"2019-12-20T06:04:42","slug":"icra-expects-fy20-domestic-air-passenger-growth-to-be-lowest-in-six-years","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/icra-expects-fy20-domestic-air-passenger-growth-to-be-lowest-in-six-years\/","title":{"rendered":"ICRA expects FY20 domestic air passenger growth to be lowest in six years"},"content":{"rendered":"<p>New Delhi: Ratings agency ICRA expects India\u2019s domestic air passenger growth to be at 4.5% in the current fiscal, the lowest in six years, as issues around Boeing 737 Max and Airbus A320neo hit capacity addition, and due to Indian airlines&#8217; focus on expanding on the international routes.<\/p>\n<p>\u201cA series of events during the current fiscal such as discontinuation of operations of Jet Airways, grounding of the Boeing 737 Max aircraft&#8230; and issues with the Pratt &amp; Whitney engines for Airbus 320 Neos have impacted the industry\u2019s capacity and thus passenger growth. Moreover, many domestic airlines are focussing on expanding on the international routes,&#8221; ICRA said in a statement.<\/p>\n<p>The weak growth for 2019-20 follows six years of double-digit increase in domestic passenger traffic for the aviation industry, and the weak growth has led ICRA to maintain its year-end negative outlook on the airline industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Ratings agency ICRA expects India\u2019s domestic air passenger growth to be at 4.5% in the current fiscal, the lowest in six years, as issues around Boeing 737 Max and Airbus A320neo hit capacity addition, and due to Indian airlines&#8217; focus on expanding on the international routes. \u201cA series of events during the current fiscal such as discontinuation of operations of Jet Airways, grounding of the Boeing 737 Max aircraft&#8230; and issues with the Pratt &amp; Whitney engines for Airbus 320 Neos have impacted the industry\u2019s capacity and thus passenger growth. Moreover, many domestic airlines are focussing on expanding [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-306460","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=306460"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/306460\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=306460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=306460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=306460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}