International Air Transport Association (IATA), global airlines body, has said that the growth of India's domestic passenger market dropped to 3.1% in March 2019 as compared to 8.3% in February. The slowdown largely reflects the reduction in flight operations of Jet Airways - which stopped flying in April - as well as disruptions at Mumbai airport due to construction.
Global airlines body further added rising airfares in recent months are also likely to have weighed upon passenger demand. In India, over the past five years, annual growth has averaged a double-digit pace close to 20%.
Besides, the IATA represents around 290 airlines comprising 82 per cent of global air traffic. The domestic passenger traffic in countries across the world increased by 4.1% in March.
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