Air freight traffic seeing steady growth
India’s air cargo traffic witnessed a robust Y-o-Y growth of 17% in April 2017. According to ICRA, this is another positive for the industry even though the same was marginally lower than the 18% growth achieved in March 2017.
"Cargo volumes have continued to maintain a positive growth trend over the last 18 months, although there have been significant variations in actual growth rates from month to month. The growth volatility is on account of the close alignment of cargo volumes with domestic and international macroeconomic conditions, which undergo significant changes from time to time,” said Harsh Jagnani, Vice-President and Sector Head for Corporate Ratings, ICRA.
International cargo traffic, which constitutes over 65% of the overall cargo traffic, reported significantly higher Y-o-Y growth of 21% as against 11% growth for domestic cargo in April 2017.
A release said that the growth remained well-spread with 18 out of the top 20 airports reporting positive Y-o-Y growth in April 2017.
Tag Keyword: Air Cargo Traffic , ICRA , Growth Rate