Dubai: Global air traffic showed a general downward trend in May in tow with the deteriorating global economic condition, with Indian domestic traffic recording a meagre year-on-year rise of 0.1 per cent, indicating a slowing demand.
According to May results of the International Air Transport Association(IATA), Indian domestic traffic rose just 0.1 per cent year-over-year, but fell 2.7 per cent compared to April.
Besides, the average passenger load factor for Indian airlines stood at 76.8 per cent.
"The airline industry is fragile. Relief in oil prices provides some good news. Unfortunately, the softness in oil markets comes on the back of fears of deterioration in the European economy," said Tony Tyler, IATA's Director General and CEO....more
02:57 PM, Jul 03, 2012