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
Ethiopian Airlines wins “The Rising Star Carrier of the Year Award”
Ethiopian Airlines, the fastest growing and the largest Cargo operator in Africa, is pleased to announce that it has won the Rising Star Carrier of the Year Award, for the
Air India to operate additional flights on Tirupati-Hyderabad route
Alliance Air, the wholly owned subsidiary of Air India, will operate additional flights from Hyderabad to Tirupati in view of ensuing festival season. These additional flights will be operated on
Indo-Russian JV for Kamov choppers registered in India: Official
An Indo-Russian joint venture to produce the Kamov military helicopters under a USD 1 billion deal has been registered in India and efforts are on to co- produce them, a
