India reclaims top rank in domestic air passenger traffic
India’s passenger traffic grew by 17.7% in May from 15.3% in April 2017.india Updated: Jul 06, 2017 21:39 IST
India reclaimed after two months the top rank in domestic air passenger traffic growth in the world for the month of May.
Till March 2017, India had topped the domestic charts for the highest growth rates for 23 months in a row. In March, its domestic passenger growth rate came down to the third position among major aviation markets like Australia, Brazil, China, Japan, Russia and the US.
In April, the passenger traffic expanded faster and India attained the rank of second fastest growing markets.
According to data furnished by the International Air Transport Association (IATA) on Thursday, India’s passenger traffic grew by 17.7% in May from 15.3% in April 2017.
Thursday’s IATA data showed that India regained the top position in domestic revenue passenger kilometres (RPK) and available seat kilometres (ASK) among all major aviation markets.
India’s domestic RPK — which measures actual passenger traffic — rose by more than 17% in May compared with the corresponding month of the previous year, the data revealed.
It was followed by that of China at 16.8%, Russia at 12.8% and Japan at 10.3%.
The country’s domestic ASK — which measures available passenger capacity — edged higher by 14.7% in May, followed by China at 14.4% and Russia at 12.6%.
In addition, the association said the global RPK rose by 7.7% and the global ASK by 6.1%.
“Passenger demand is solid. And we don’t foresee any weakening over the busy summer months in the Northern Hemisphere. But the rising price of fuel and other input costs is likely to see airlines’ ability to stimulate markets with lower fares taper over the coming months,” said Alexandre de Juniac, Director General and CEO, IATA.
“In parallel, rising trade protectionism and barriers to travel are worrying trends that, if unchecked, could impact demand. As a business airlines depend on borders that are open to trade and people.”
First Published: Jul 06, 2017 21:39 IST