Domestic aviation traffic grows at 14 pc: IATA

New Delhi: India's domestic aviation traffic continued to grow at 14 per cent, the second highest after Brazil's 15.1, as global figures for June showed softening in demand for bothair travel andfreight markets.
"Brazil led domestic growth with a 15.1 per cent demand expansion over the previous year, propelled by strong growth in household incomes. Brazil was followed byIndia at 14 per cent," the latest traffic figures published by the International Air Transport Association (IATA) showed.
While China's five per cent growth was "impressive, it is a step change from the 14.6 per cent recorded in 2010 and the 10.4 recorded in May".
Noting that China, the second largest domestic market, still had enormous potential, theIATA analysis said the slowdown in its international markets reflected "a squeeze on consumer spending power by tighter economic policies".
30/07/11 PTI/Economic Times

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Categories: Indian Aviation- In General Jul 2011