India, China leading domestic passenger growth: IATA

India, China leading domestic passenger growth: IATA

India’s domestic traffic rise is leading the world with the growth clocking 16.4% in November, marking the 39th consecutive month of double-digit domestic growth for the market, says International Air Transport Association (IATA).

“All markets showed growth, led again by India and China. Domestic capacity climbed 5.9%, and load factor improved 1.4 percentage points to 83.6%,” IATA said in a release.

The release added that large markets in India, China and Japan mean that domestic travel accounts for 45% of the region’s operations. “It is less important for Europe and most of Africa where domestic travel represents just 11% and 14% of operations, respectively. And it is negligible for Middle Eastern carriers for whom domestic travel represents just 4% of operations,” it said.

According to IATA, total revenue passenger kilometers (RPKs) in November last year rose 8.0% compared to November 2016, the fastest growth rate in five months and up from a 7.3% year-over-year rise in October. Capacity (available seat kilometers or ASKs) increased by 6.3%, and load factor rose 1.2 percentage points to 80.2%.

“The airline industry is in a good place entering 2018. November’s strong demand gives the industry momentum. The number of unique city-pair connections now tops 20,000. Passengers not only have more travel choices than ever, the cost of travel in real terms has never been cheaper. Along with delivering great value to consumers, airlines are rewarding their shareholders with normal levels of profitability. We expect 2018 to be the fourth year in a row where the industry’s return on invested capital will exceed the cost of capital. In sum, we begin the New Year with confidence,” Alexandre de Juniac, IATA’s Director General and CEO was quoted in the relelase.

“Challenges, however, remain. Security threats continue. Infrastructure issues persist. Fees and charges are a growing part of the cost base. And in many cases airports and air traffic management struggle to keep pace with demand and technology advancements. These and other challenges can only be addressed in partnership with governments. And doing so requires governments to recognize the enormous value that aviation—the business of freedom—provides to their economies and the world,” added de Juniac.

 

News Source: economictimes.indiatimes.com

About author

TnH Global
TnH Global 4067 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email: admin@tnhglobal.com

You might also like

Latest

AirAsia India introduces an array of hot meals & snacks for summer

AirAsia Inflight Menu Brand Santan, introduces a wide array of hot meals & snacks on board for the summer AirAsia India, the pioneer in the low cost carrier segment, is

Latest

UK government delays runway decision

The British government has delayed a decision on the potential construction of a new runway in the south-east of England until at least the middle of 2016. Citing concerns over

Diplomat's Corner

GEORGIA: WHERE THE PAST MEETS THE FUTURE

In an interview, H.E. Mr Archil Dzuliashvili, Ambassador Extraordinary and Plenipotentiary of the Republic of Georgia to India, explains how his country is emerging as an attractive tourist destination and

Odisha’s maiden Private Industrial Park receives nod

This development is in the backdrop of recently launched policy framework for private participation in industrial infrastructure development. The State level Committee (SLC) under the chairmanship of Chief Secretary, Govt.

Latest

India’s 70%  hotels & restaurants prepare for closure: FHRAI

The hospitality industry is shocked over not getting any relief from the government as part of its economic revival package unveiled by the Finance Minister recently.   In her fifth and

Trending

The Den, a state of the art luxury hotel for millennials and globetrotter’s launches in Bengaluru!

Located in the IT hub of Bengaluru, the premier luxury destination for leisure and business travelers is now here. The Den, a state of the art luxury hotel for millennials

Latest

Designer duo Shivan and Narresh shoot their new Seychelles inspired collection in the beautiful islands

Named EdoMer Series the collection takes inspiration from elements of Seychelles. Delhi based fashion designer duo Shivan and Narresh chose Seychelles as an inspiration for their latest resort wear and

Latest

VFS Global records 34% increase in France visa applications from Puducherry in the first nine months of 2018

New state-of-the-art Joint Visa Application Centre for 13 Schengen countries, including France, launched in the city Witnessing a rising demand for visa services from the city of Puducherry, VFS Global

Top Stories

Hotel Association of India pledges support to revive tourism in J&K

Hotel Association of India (HAI), the apex body of the hotel industry in India and an integrated hospitality industry platform, has expressed steadfast support to the Union Territory of Jammu & Kashmir for the revival

Awards & Recognitions

Aitken Spence Hotels win big at South Asia Travel Awards 2018

Aitken Spence Hotels secured several awards at the recently held South Asian Travel Awards (SATA) 2018 in Mumbai, India. Launched in 2016, the prestigious awards for travel and tourism stakeholders

Latest

Australia to offer three-year visas to Indians

Australia has announced plans to implement a new three-year multiple-entry visa for Indian travellers. The new launched visa policy on a trial basis by July 2016, the new visa will

Latest

Eight exquisite things to do in Goa in the eighth month of the year 2017

August is just round the corner and Goa is all set to reverberate and celebrate some unique occasions, festivities and activities. If you’re looking for a getaway then there is

0 Comments

No Comments Yet!

You can be first to comment this post!