India's civil aviation sector remained unaffected by the currency ban announced by Prime Minister Narendra Modi last month; the domestic air traffic business posted double-digit for yet another month. Indian carriers flew 89.66 lakh (8.96 million) passengers in November 2016, marking a growth of 22.45 percent over the corresponding month last year. IndiGo with a market share of 42.1 percent, retained its market share.
The data was published by the regulator, the Directorate General of Civil Aviation (DGCA) on Monday.
It may be recalled that sectors that published volume data for November, such as automobiles, as well as broad indicators such as PMI, showed drop in business activity due to demonetisation-induced slowdown.
Low-cost carrier IndiGo (owned by Interglobe Aviation) saw its market share fall marginally to 42.1 percent in November from 42.6 percent in the preceding month. In absolute terms, the carrier flew 37.73 lakh passengers.
Full-service carrier Jet Airways increased its market share marginally to 14.9 percent from 14.7 percent in October this year.
State-owned Air India witnessed a fall to 12.9 percent from 13 percent in October 2016.
To Read the News in Full 19/12/16 S V Krishnamachari/IBTimes
The data was published by the regulator, the Directorate General of Civil Aviation (DGCA) on Monday.
It may be recalled that sectors that published volume data for November, such as automobiles, as well as broad indicators such as PMI, showed drop in business activity due to demonetisation-induced slowdown.
Low-cost carrier IndiGo (owned by Interglobe Aviation) saw its market share fall marginally to 42.1 percent in November from 42.6 percent in the preceding month. In absolute terms, the carrier flew 37.73 lakh passengers.
Full-service carrier Jet Airways increased its market share marginally to 14.9 percent from 14.7 percent in October this year.
State-owned Air India witnessed a fall to 12.9 percent from 13 percent in October 2016.
To Read the News in Full 19/12/16 S V Krishnamachari/IBTimes
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