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Airlines To See 23% Passenger Traffic Growth Despite Rising Oil Rate Pressure

Airlines To See 23% Passenger Traffic Growth Despite Rising Oil Rate Pressure

Monday, March 13, 2017, 5:49 PM

Airlines are likely to close the outgoing financial year with a 22-23% traffic growth, making it one of the best for the sector, even though the pressure on their bottom line is increasing as oil prices are going up, according to a report by domestic ratings agency Icra. The industry reported a stellar passenger load factor of 84.4% during the first 10 months.
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