Indian aviation industry is estimated to grow by 18 % in 2018

New Delhi, March 30: The Indian aviation industry is estimated to grow by 18 percent during FY2018, ratings agency ICRA said on Friday.

"The domestic passenger traffic growth remained healthy backed by improvement in core growth drivers like economic environment and increasing tourism demand," the ratings agency said.

"The strong demand has pushed the passenger load factor (PLF) to an all-time high of 86.5 percent in the current fiscal and India remains one of the best performing key domestic aviation markets in the world in terms of PLF."

As per ICRA, in terms of international routes, the Indian airlines continued to outperform the industry during the current year.

"The international passenger traffic growth from India is estimated to be 10 percent in FY2018, while the Indian airlines are expected to report a growth of 13.5 percent during the same period," it said.