India retains top slot in air traffic growth

Mumbai: India retained the top slot as the fastest growing domestic air traffic market in September with a demand growth of 13.2% over same month last year.

Data from International Air Transport Association shows that demand growth in India was the highest amongst countries including Australia, Brazil, China, Japan, Russia and the US. Between January-September passenger demand in India grew 19.3% over the corresponding period of last year.

Passenger traffic in India has been growing due to 15-20% drop in fares and increase in capacity. Increase in discretionary travel and rise in foreign tourist arrivals too has contributed to passenger growth in India.

In capacity addition and load factor India showed the second highest growth in the world in September.

At a global level domestic travel demand rose 7.8% in September compared to September 2014. All markets except Brazil showed growth with the strongest increases occurring in India, China and Russia. Domestic capacity climbed 6.1% and load factor improved 1.3 percentage points to 81%, IATA said.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.