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Jul 16, 2012, 09.46 PM IST
International aviation trade body IATA today said its assessment revealed a declining growth of business passengers in the total international travel for May.
A trend that is likely to deteriorate in the coming months owing to a slowdown in the world economy and lack of business confidence, particularly in Europe.
However, markets for business travel continue to be robust elsewhere in Far East, across the Pacific and South America, Africa and the Middle East on the domestic front, Director General of Civil Aviation today advised all airlines to ensure that airfares remain within the fare band while maintaining that its study of scheduled airlines found no violations of the same.
The aviation regulator has not detected any alarming trend in the airfares and stated that fares for 14 days in advance of the journey are still available in the lowest fare buckets.
May 23 2013, 16:33
- in Asian markets
May 23 2013, 09:33
- in Technicals