Domestic aviation industry likely to see strong growth period: ICICI Securities

Q.  Domestic aviation industry will see a strong growth period with air traffic set to grow at what percent according to a report by ICICI Securities?
- Published on 17 Jun 16

a. 12
b. 13
c. 14
d. 15

ANSWER: 14
 
National aviation industry is expected to see strong growth period with air traffic at 14 percent estimated by positive outlook for crude prices. Report by ICICI Securities held that growth rate of 14 percent is low considering average annual growth rate of passenger traffic in India has been greater than 18-20 percent since 2000 given a positive crude price outlook
  • Report also noted that air fare connections on account of lower crude prices have played up with 15 percent dip in fares in 2015-2016
  • Fares are likely to stabilize with increase in oil outlook

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