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
Kushinagar Airport in Uttar Pradesh Designated as International Airport
The Union Cabinet has declared Kushinagar Airport, located in the north-eastern part of Uttar Pradesh, as an International Airport. The Union Cabinet chaired by the Prime Minister, Narendra Modi has given its
MMT only OTA in the world working to reduce carbon footprint: Deep Kalra
As the government encourages role of private and public sector companies in the preservation of monuments, Deep Kalra, CEO of MakeMyTrip said that his company will surely come forward and
Daily flights from Hisar to Chandigarh, Delhi from August 15
While the Delhi-Hisar flight would take about 45 minutes, the Hisar-Chandigarh flight would take around an hour. The flights from Hisar to Chandigarh and Delhi will begin on August 15
