Year 2016 could be termed a win-win time for flyers as low airfares allowed more passengers to travel even as a host of passenger-centric measures were taken to enhance the flying experience such as the cap on ticket cancellation charges levied by airlines.
Domestic air traffic grew at 23 per cent to a record 9 crore from January-November this year, as per Directorate General of Civil Aviation (DGCA) estimates.
According to International Air Transport Association (IATA), India’s air traffic grew at a significantly higher rate even in October when air traffic growth moderated in other countries such as China (14.1 per cent), Brazil (-5.5 per cent), Russia (2.5 per cent) and Japan (0.8 per cent).
A dip in aviation turbine fuel prices by eight per cent on an average in 2016 allowed airlines to offer fares that were lower by about 14 per cent. Aviation turbine fuel cost contributes about 40 per cent of the total cost of the operations of airlines. Zach Parise JerseyShare This