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
UAE to host world’s first GLOBAL CULTURAL LEADERSHIP SUMMIT
2017 Event to Convene Government, Arts and Media Leaders to Address Emerging Challenges and opportunities Associated with Culture in a Connected World! Abu Dhabi will be site of a high-level
Cabinet approves India-France MoU in civil aviation
The Cabinet today cleared the pact between the Airports Authority of India (AAI) and France’s DGAC for technical collaboration in the civil aviation space. The memorandum of understanding (MoU) would
Think Strawberries appointed as the Sales, Marketing, PR & Media Office in India for SCTDA
Think Strawberries has been appointed as the Sales, Marketing, PR & Media Office in India for Sharjah Commerce & Tourism Development Authority to develop the consumer and trade markets for
