Indian domestic market shrinks further in August

This story is sourced from Pro
See more Pro news »

India's airlines carried far fewer passengers on domestic flights in August - the third consecutive month of declining demand.

The Ministry of Civil Aviation says in a statement that 2.9 million passengers were carried on domestic flights last month, representing a drop of around 17% over the figure for August last year.

It was the third consecutive month of declining passenger numbers after a year-on-year drop of around 4% in June and a more than 10% decline in July.

India's airlines had for several years been recording strong growth in demand but higher ticket prices as a result of increased fuel costs have been having an impact in recent months as the domestic market is particularly price sensitive.