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
ZoTrav Empowers Travel Agents with Free International eSIM for Every Booking
In a move aimed at empowering travel agents with added value for their clients, ZoTrav – a trusted name in international B2B travel solutions has announced a special limited-time offer
With unlimited flight services ‘open sky’ pact may help reduce fares
India and Japan recently agreed to an ‘open sky’ arrangement under which the airlines of both countries can operate an unlimited number of flights. The agreement was signed after Prime
IndiGo introduces daily non-stop flight between Singapore and Bangalore
Flyers can book tickets at an affordable round trip fare of INR 14,242. Continuing to strengthen its network in the Asia-pacific region, IndiGo, India’s largest and fastest growing low-cost carrier
