Air Passenger Traffic
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Coronavirus Impact: Air passenger traffic may witness 30% negative growth this fiscal from earlier estimate of 25%, says CARE Ratings
•Air passenger traffic is expected to log a 30 percent negative growth during this fiscal from an earlier estimate of a 20-25 percent negative growth amid coronavirus pandemic, rating agency CARE Ratings said on Tuesday
Airfares expected to rise 7-9% this fiscal, highest since 2013; limited capacity additions since Jet Airways was grounded: Crisil
•Domestic passengers traffic is expected to grow 6-8% in FY20, as against a healthy 19% growth registered in the year ended March 2019 on account of non-revival of Jet Airways
Air passenger traffic at five airports in Madhya Pradesh go up 23%; deck cleared for international flights at Indore Airport
•A total of 42,83 people travelled from five airports—Indore, Bhopal, Jabalpur, Khajuraho and Gwalior—during the last financial year
Boeing 737 MAX 8 woes crimp Asian airlines' growth plans amid Boeing's claims to make aircraft model safer
•So far, regional carriers have managed to avoid major disruptions, but analysts expect that idling the MAX 8, a fuel-efficient update of Boeing's popular 737, will crimp growth plans in the near future.
Aviation stocks up 7% even as DGCA report shows slow passenger growth in February
•Aviation stocks on Friday rallied up to 7 percent on the BSE even as DGCA's data showed a slowdown in air passenger traffic in February