India remains fastest growing domestic air market
The Indian domestic air travel market remains the fastest growing in the world, according to new data from the International Air Transport Association (IATA).
Demand for domestic flights in India jumped 27.4% year-on-year in March 2016, in revenue passenger kilometre (RPK) terms. By contrast, the second fastest-growing major market, the US, expanded 4.1% in March and domestic air travel in China increased just 3.3%.
India’s growth is being propelled by the comparatively strong economic outlook and sizeable increases in seat capacity. The number of available seats on India’s domestic airlines increased 21.7% in March 2016, and average load factor jumped 3.7 percentage points to 83.1% – the highest of any major global market except the US (85.4%).
The average flight frequencies within India are scheduled to increase by 11.5% in 2016. India now accounts for 1.2% of global air traffic – similar to Japan and slightly behind Russia and Brazil.
The global domestic air passenger market expanded 3.7% in March 2016, a dramatic slowdown from the leap year-aided 7.8% growth recorded in February.
News Source: traveldailymedia .com
You might also like
Virgin Atlantic celebrates 18 years of flying from Delhi to London
Virgin Atlantic is excited to celebrate 18 years this July since it launched its first flight from India on 5 July 2000 on board an Airbus A340 from New Delhi
Ethiopian sets yet another year of growth milestones
Africa’s largest Airline Group, Ethiopian Airlines is pleased to announce that it has ended yet another year of fast and profitable growth in 2016, highlighted by fleet and network expansion
Etihad Airways welcomes First A380 flights to New York
Etihad Airways has welcomed the highly-anticipated arrival of its Airbus A380 service at New York’s John F. Kennedy International Airport. The arrival marked the US debut of the airline’s exclusive
