Cargo traffic at Indian airports increased by 6%: ICRA

With the passenger traffic declining by 1.1 per cent (Y-o-Y) in March 2019, the cargo traffic growth at Indian airports moderated to 6 per cent in FY2019, as against double-digit growth witnessed over the last two years. The growth slowdown was primarily driven by international cargo segment, which accounts for 62 per cent of the total cargo traffic and reported Y-o-Y growth of 2.6 per cent in FY2019 as against 15.6 per cent in FY2018. On the other hand, domestic cargo traffic has witnessed robust Y-o-Y growth of 12 per cent in FY2019, up from 8.1 per cent in FY2018.