Indian domestic air traffic in Mar 2017 grew slowest since Sept 2015
The Dollar Business Bureau As per the measure of revenue passenger kilometres (RPK), a unit used to measure passenger volume, International Air Transport Association (IATA) reported that India’s domestic passenger traffic, during the month of March 2017, grew at the slowest rate since September 2015. “China overtakes India as the fastest growing domestic market,” the monthly report stated. Monthly air passenger market analysis report released by the international association, recorded a robust 7% first quarter global growth in passenger demand, which is well ahead of the long-run average of around 5.5%. However, the report cited the reasons for slow demand growth in India to be the ‘reduced cash supply’ and ‘wider economic uncertainty’. To add to this sombre result, ICRA’s report further dulled the ...
Strong growth in domestic air traffic in September: IATA
PTI The domestic air passenger traffic in India grew by a whopping 23.6 per cent in September over the past year as against the global average of 7.2 per cent during the period, an IATA press release said on Friday. The demand in air travel in India was more than five times of the US air passenger growth, which stood at 4.6% in September this year over the same period of 2015, according to a data by International Air Transport Association (IATA). The domestic demand climbed 7.2% in September compared to September 2015, which was up from the 4.1% y-o-y growth recorded in August with India and China continuing to experience a double-digit increase in their annual traffic. However, the results elsewhere were ...
'India's major airports to face capacity crisis'
The Dollar Business Bureau Increasing air traffic with growing number of travelers and low-cost airlines is expected to trigger capacity crisis at all major airports across the country by 2020 and several cities will need alternative space to park and fly, experts claim. “The next five years, 2015-20, are going to be really crucial. We are going to see capacity crisis coming at the airports. We are not prepared for it, and land has not been acquired. We are heading for a major airport capacity challenge,” said Kapil Kaul, CEO of the Centre for Asia Pacific Aviation (CAPA). According to an estimate, the country’s air traffic has increased to 190 million during the last financial year, registering a growth of 12.47% compared to the previous ...
