Wednesday 19 December 2018
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business-standard - 13 days ago

India registers 50th straight month of double-digit air passenger growth in Oct: IATA

India recorded double-digit growth in domestic air passenger traffic for the 50th straight month in October as it continued to top the worldwide growth charts, an IATA report said Thursday. The international grouping of airlines also noted that annual growth in industry-wide Revenue Passenger Kilometres (RPKs) recovered to 6.3 per cent in October even though the upward traffic trend has slowed over the past six months. The worldwide RPK, an indicator of passenger growth, was at 5.5 per cent in September. India posted its 50th consecutive month of double-digit growth (15 per cent). While this was a slowdown from 19.6 per cent in September, the strong upward trend in traffic remains in place, the International Air Transport Association (IATA) said. The trend is being supported by structural changes, including ongoing improvement in living standards, as well as large increases in the number of airport connections within the country. The latter translates into time savings and has a ...

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