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Domestic air passenger traffic crosses 10-mn-mark in May: ICRA

IANS  |  New Delhi 

Domestic air passenger traffic crossed the 10-million-mark for the first time in during May 2017, ratings agency said on Tuesday.

According to an note, the growth in passenger traffic was achieved as a result of peak season demand, whereby the passenger load factor (PLF) for the domestic aviation industry touched a new high of 88.9 per cent.

"Moderation in supply growth, peak season demand and sequentially stable ATF (air turbine fuel) prices augment well for the financial performance of airlines in Q1 FY2018," said Anand Kulkarni, AVP and Associate Head, Corporate Sector Ratings,

"Indication of softening of fuel prices in Q2 FY2018 is also a positive for the industry. However, supply is likely to remain high going forward, considering the large order backlog of Indian airlines and the same might impact yields."

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 11 2017. 22:26 IST
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