ANSWER: 10.5
Explanation:
ICRA India’s international traffic has logged a compounded annual growth rate of 10.5 percent in the past 10 years, according to rating agency ICRA. Besides a 16 percent growth in passenger traffic in the previous fiscal coupled with lower jet fuel prices has helped the domestic airline to improve performance during the period despite increased competition. ICRA senior vice president commended that in view of tight liquidity conditions in the past, airline strategies have moved from chasing market share to one focused on enhancement of profitability resulting in route rationalisation and cutting down on capacity expansion as well as fleet rationalisation and renegotiation of maintenance contracts.
