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
No World for Nomadic Wanderlust
Globetrotters find themselves caged in the COVID infected world. Pradeep Chamaria We are passing through the most critical moment in history. It’s not only time for prayer but also for
Budget 2021: What Tourism Industry Expects
As India’s Finance Minister Nirmala Sitharaman prepares to present the Government’s budget for FY 2021-22 on 1st February, there is rare curiosity about and greater expectations from the Budget, which
Asego Enhances Protection for India’s Rising Outbound Travel
As the summer outbound season gathers pace, Southeast Asia and the UAE have emerged as India’s fastest-growing international travel corridors. The Asia Pacific region now accounts for 27.15% of India’s
