Passenger traffic may reach 118.5 mn in FY08

Air passenger traffic is expected to grow at a slower rate during financial year 2008 as compared to 2007, according to management consultant E&Y's annual report for 2008 on the Indian aviation sector.

The report said that total passenger traffic would reach 118.5 million by the end of financial year 2008, a mere 23 per cent increase over the previous year. In comparison, passenger traffic in 2007 showed a growth of more than 31 per cent.

According to the report, however, international traffic is expected to see a faster growth rate of 20 per cent, compared with 15.6 last year.

Domestic traffic would grow by 24.16 per cent, whereas it increased by around 32.51 per cent last year.