The number of passengers flying in domestic airlines fell to its lowest in at least four years in November due to a rise in airfares in the world’s fastest-growing aviation market.
Passenger growth stood at 11 percent during the month, the slowest pace at least since January 2015, according to data compiled by BloombergQuint, as the festival season travel was delayed because Diwali fell in November this year. Yet, 11.6 crore passengers flew in Indian carriers.
Indian airlines’ fuel consumption had indicated passenger growth had slowed. Oil demand from carriers grew at its slowest in 11 months during the month despite a lower base since Diwali Read More