Aviation

Air traffic registers 4.43% growth in 2013


DELHI
India’s air passenger traffic grew 4.43% in 2013 , reversing the decline of the previous year that also marked the grounding of Kingfisher Airlines Ltd.

India’s scheduled airlines carried 61.42 million passengers in 2013, compared with 58.81 million in 2012 and 60.66 million in 2011, according to the Directorate General of Civil Aviation (DGCA). “It’s not a big deal because the base of 2012 was lower; but looking at the overall scenario, it’s not negative either,” said an airline official who declined to be named.

Indian airlines suffered both rising fuel prices and a sharp depreciation of the rupee last year in an already slowing economy. The rupee has stabilized after it touched an all-time low of 68.15 to the dollar in September to around 61.50 on Tuesday.

Full report here Mint 

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