India remains fastest growing domestic air market

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

Trending

Seychelles lifts ban on Indian travellers with immediate effect

Effective immediately, the Ministry of Health Seychelles has announced the entry of visitors from all countries, including India, irrespective of COVID-19 vaccination status. All travellers will be required to present

Slider

GoAir appoints Cornelis Vrieswijk as the new CEO

GoAir announced the appointment of Cornelis Vrieswijk (Cor) as the new Chief Executive Officer effective June 4, 2018. He will be reporting to the Chairman, Managing Director and the Board

Argentina Tourism (INPROTUR) conducts 3-city India roadshow

INPROTUR (National Institute of Tourism Promotion in Argentina) conducts a multi-city roadshow to promote Argentina in India. The roadshow was held in the three major Indian cities which include Delhi,