New Delhi: : India's domestic air traffic grew 3.5 per cent in May, but the growth has not been consistent due to "substantial volatility", the IATA said today.
The traffic rose 3.5 per cent against a 0.3 per cent decline in capacity, that caused load factor to rise three percentage points to 81.6 per cent, the global passenger traffic results compiled by the International Air Transport Association (IATA) showed.
"The May result is a rebound on April, when the market had contracted. In fact, there has been substantial volatility in growth rates over recent months.
"Reductions in domestic fares had resulted in stronger demand in March and possibly again now in May, but this trend has not been consistent and when coupled with a weak economic backdrop, a growth trend is difficult to establish," the IATA analysis of Indian domestic traffic figures said.
03/07/13 PTI/Economic Times
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The traffic rose 3.5 per cent against a 0.3 per cent decline in capacity, that caused load factor to rise three percentage points to 81.6 per cent, the global passenger traffic results compiled by the International Air Transport Association (IATA) showed.
"The May result is a rebound on April, when the market had contracted. In fact, there has been substantial volatility in growth rates over recent months.
"Reductions in domestic fares had resulted in stronger demand in March and possibly again now in May, but this trend has not been consistent and when coupled with a weak economic backdrop, a growth trend is difficult to establish," the IATA analysis of Indian domestic traffic figures said.
03/07/13 PTI/Economic Times
