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737 Max grounding, Jet crisis may drag down passenger growth to 4%: Crisil

The domestic traffic data in the April-September period, during which the passenger volume grew a mere 2 per cent, also reflects this estimate, rating agency said in its aviation outlook note.

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Press Trust of India
Non-revival of Jet Airways, coupled with grounding of the Boeing 737 Max planes, is expected to drag down domestic passenger growth to 3-4 per cent in 2019-20 as against 14 per cent in the previous financial year, rating agency CRISIL said on Tuesday.
 
The domestic traffic data in the April-September period, during which the passenger volume grew a mere 2 per cent, also reflects this estimate, rating agency said in its aviation outlook note.
 
On a calendar year basis, the domestic air traffic grew only 3.86 per cent in the January-November period of this year, way below an