Signs of a domestic recovery for India?

Premium Analysis

Indian Ministry of Civil Aviation reports domestic passenger numbers rose 5.7% year-on-year in Jun-2009 to 3.7 million. The market, which contracted for 12 consecutive months from Jun-2008, may finally be on the road to recovery. Traffic bottomed out in Nov-2008 when passenger numbers slumped 21.7% year-on-year.

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