About 1.2 crore passengers flew in November as compared to 1.1 crore in October
Despite economic slowdown, air travel for November surged 11 per cent, the first time passenger growth has seen a double-digit rise after the closure of Jet Airways. Industry executives described the spike a result of heavy promotional fare and spill over of the heavy forward sale done during the festival season on the back of lower fare.
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In November, passenger growth witnessed 3.86 per cent growth (month-on-month) and 11.2 per cent (year-on-year). About 1.2 crore passengers flew in November as compared to 1.1 crore in October. Balu Ramachandran, senior vice-president of travel portal Cleartrip, said the growth was primarily driven by low fares, with the portal’s data showing that November is the first month in this year where there was a decrease in average domestic fare to the tune of 9 per cent.
“Our data indicates that after the collapse of Jet, all airlines tried to increase their yields. However, the drop in average fare in November helped airlines to increase occupancy and drive 11 per cent growth,” he said.
Source: Business Standard
