India

Air traffic slumps to new low

It's confirmed — higher airfares are driving down air travel growth.

Air traffic in April, which is considered a good month for airlines, grew by just 8.65% to 38.92 lakh passengers from 35.92 lakh passengers during the same month last year. This is much below the 10-12% air traffic growth in the lean quarter (January, February and ... read more