Domestic air traffic grew by 24.65 per cent in the month of November, according to DGCA monthly traffic data.
However, the growth during the January-November period stood at 20.41 per cent for flying 73.38 million passengers as against 60.94 million passengers transported by the domestic carriers in the same period of 2014, the data said.
In the month of November, budget carrier IndiGo lost market share by a few notches despite carrying more number of passengers and continued recording the highest load factor.
The seat factor during the reporting period was almost equal compared to the previous month primarily due to the ongoing tourist season, DGCA said.
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National carrier Air India during this period has flown one lakh passengers more at 11.89 lakh with a market share of 16.2 per cent against 15.5 per cent in the previous month.
Global Airlines body International Air Transport Association (IATA) had forecast that India would unseat the UK to become world's third largest aviation market by 2026.
India will be among the five fastest-increasing markets, after China and the US, in terms of additional passengers per year over the forecast period with 275 million new passengers among the total of 378 million flyers during the period, IATA had said in its forecast.