India records double-digit air passenger growth for 45th consecutive month in May: IATA

India registered double-digit domestic air passenger growth for the 45th straight month in May even though volumes have fallen in recent months, airlines’ grouping IATA said.

The International Air Transport Association (IATA) said the country’s Revenue Passenger Kilometre (RPK) a measure of passenger volumes — rose 16.6 per cent in May. Seasonally-adjusted passenger volume in India has fallen back in recent months alongside some mixed signs on the economic front, it said.

“Nonetheless, the bigger point is that May was India’s 45th consecutive month of double-digit annual RPK growth (16.6 per cent).

“Passenger demand has continued to be supported by strong growth in the number of airport connections within the country too; 22 per cent more airport-pairs are scheduled to operate in 2018 compared to last year,” IATA said.

While industry-wide RPK increased marginally to 6.1 per cent in May, the grouping said growth this year is expected to slow slightly due to reduced stimulus from lower airfares and a more mixed economic backdrop. Still, IATA said it expects 2018 to be another year of above-trend passenger growth.

Carriers based in Asia Pacific once again posted the fastest international RPK growth rate, the grouping said, adding that it estimates that India and China account for around three-quarters of the slowdown in overall domestic RPK growth between May and April. IATA Director General and CEO Alexandre de Juniac said May was another solid month in terms of demand growth.

“As had been expected, we saw some moderation, as rising airline costs are reducing the stimulus from lower airfares. In particular, jet fuel prices are expected to be up nearly 26 per cent this year compared to 2017,” he added.

Last month, IATA projected an industry profit of USD 33.8 billion for this year.

“But our buffer against shocks is just USD 7.76. That’s the average profit per passenger that airlines will make this year — a narrow 4.1 per cent net margin,” he said.

Striking a note of caution, he said there are storm clouds on the horizon, including rising cost inputs, growing protectionist sentiment and the risk of trade wars as well as geopolitical tensions.

“Aviation is the business of freedom, liberating people to lead better lives. Governments that recognise this will take steps to ensure aviation is economically sustainable. And aviation works best when borders are open to trade and people,” de Juniac said.

IATA represents nearly 290 airlines that account for around 82 per cent of global air traffic.

About author

TnH Global
TnH Global 4012 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

Slider

Indian Airlines to Induct 900 Aircraft in Coming Years, Indigo to Add 448 Planes

India is one of the fastest growing aviation markets in the world and most airlines have ambitious expansion plans, especially to tap the potential on regional routes. Indian airlines are

Transport

12 Airports Authority of India airports to woo passengers with retail therapy, better dining experience

The Airports Authority of India (AAI) is gearing up to provide passengers a better shopping and dining experience at 12 of its airports, which will boost its revenue. AAI has

Trending

St. Petersburg showcase on 50th anniversary of sister-city tie-up with Mumbai

As distinct as they are, St. Petersburg, the cultural capital of Russia, and Mumbai, India’s financial capital, are readying to celebrate the 50th anniversary of sister-city status this month as

Destinations

Hellenic Tours of Greece visits India

Representatives of Hellenic Tours recently visited India in order to strengthen its relationship with the Indian travel trade and attract Indian tourists to Greece. Athens- based Hellenic Tours, one of

Slider

Kempinski Seychelles Resort recognized by Luxury Travel Guide for eco-friendly efforts

Kempinski Seychelles Resort is the winner of the Luxury Travel Guide’s Luxury Eco-Friendly Hotel Award for Seychelles. The accolade, which recognizes the resort’s efforts to adopt sustainable practices, was announced earlier last

Destinations

Monaco Tourism targets the New Age and Young Indians

Participated at The Lakme Fashion Week Winter/Festive 2015. Monaco Government Tourist Bureau associated with Lakme Fashion Week Winter/Festive 2015. The famous designer Narendra Kumar showcased his collection inspired by charismatic

Trending

Mandarin Oriental, Marrakech offer new family adventure

Mandarin Oriental, Marrakech has launched a new luxury accommodation offer packed with activities for families. Available all year round, the More for the whole family package provides opportunities for younger

A magnificent archaeological discovery in Jordan

An ancient tomb has been discovered in Jordan in the northern town of Beit Ras during an excavation project to expand a local waste-water sanitation network. The tomb includes a

Destinations

Experience with Thailand. Visit TTM+ 2015!

Thailand is all set to host its 14th Thailand Travel Mart (TTM) at IMPACT Muang Thong Thani. TTM is Thailand’s largest annual B2B tourism and travel trade event and the

Top Indian Travel Companies Practicing Responsible Tourrism

Defined as tourism that creates better places for people to live in and visit, indigenous tourism has caught on in India in a big way over the past few years.

Latest

Preferred Hotels & Resorts signs Strategic Partnership with GHM for The Chedi Mumbai

Addition of The Chedi Mumbai brings the Preferred brand portfolio in India to 30 hotels during its 15th year of operation in the country. Preferred Hotels & Resorts, the world’s

Slider

Narendra Modi to inaugurate Hyderabad metro rail on November 28

The first phase of the project covers a distance of 30 km in two corridors has taken five years to build. Hyderabad is set to become the latest Indian city

0 Comments

No Comments Yet!

You can be first to comment this post!