Thanks to low fares and increase in capacity with launch of new airlines, India is now witnessing the highest growth in domestic air traffic globally.
The International Air Transport Association (IATA) on Thursday said India's domestic passenger traffic demand grew the fastest among seven major aviation markets of the world — Australia, Brazil, China, Japan, Russian Federation and the US.
"India's domestic demand surged 18.3% in August (2015) compared to a year ago, largely reflecting increases in service frequencies and economic strength," IATA said. India's growth was followed by China at 13.6% and the Russian Federation at 10.9%.
India's domestic traffic rose 28% in July, 16.3% in June; 18.2% in May, 20.7% in April and 17.9% in March 2015. August's 18.3% growth, though lower than the growth registered in July, was the fastest globally for that month. India's domestic capacity in the month under review rose 8.4% compared to August 2014.
"August figures show continuation of the trend of strong demand for air travel, despite some softening in global economic growth, particularly in emerging markets," said Tony Tyler, IATA's DG and CEO.
The International Air Transport Association (IATA) on Thursday said India's domestic passenger traffic demand grew the fastest among seven major aviation markets of the world — Australia, Brazil, China, Japan, Russian Federation and the US.
"India's domestic demand surged 18.3% in August (2015) compared to a year ago, largely reflecting increases in service frequencies and economic strength," IATA said. India's growth was followed by China at 13.6% and the Russian Federation at 10.9%.
India's domestic traffic rose 28% in July, 16.3% in June; 18.2% in May, 20.7% in April and 17.9% in March 2015. August's 18.3% growth, though lower than the growth registered in July, was the fastest globally for that month. India's domestic capacity in the month under review rose 8.4% compared to August 2014.
"August figures show continuation of the trend of strong demand for air travel, despite some softening in global economic growth, particularly in emerging markets," said Tony Tyler, IATA's DG and CEO.
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