Mumbai: The domestic passenger traffic of India grew 16.4 per cent in September following the strong August growth (18.5 per cent), as per the International Air Transport Association (IATA) global traffic results for the month. The capacity rose 5.7 per cent, pushing up load factor 6.6 percentage points to 71.5 per cent. The improvement over recent months is inconsistent with continued weakness in the economy and could be reflecting fare discounting. The year-to-date growth (4.0 per cent) is a significant improvement on 2012, when the market contracted 2.1 per cent. "We are seeing a more positive environment for air travel demand, based on rising business confidence, a strong increase in export orders in September, and better performance of key emerging markets like China. The strong growth of recent months, coupled with the continuing improvements in air travel demand in September, suggests that there could be a further acceleration in air travel growth before the end of the year," said Tony Tyler, Director General and CEO, IATA.
01/11/13 TravelBizMonitor
To Read the News in full at Source, Click the Headline
01/11/13 TravelBizMonitor
