Thursday, October 05, 2017

India's air passenger growth on the back of excess capacity: IATA

Capacity addition by airlines has led to double-digit passenger growth in the country, airline body International Air Transport Association (IATA) has said today.
“Indian airlines achieved a 36th consecutive month of double-digit traffic growth as demand rose 16%. Traffic continues to be stimulated by sizeable increases in the number of domestic routes served,” IATA said in global passenger traffic data for the month of August released today.

IATA today announced global passenger traffic data for August showing that demand (measured in total revenue passenger kilometers or RPKs) climbed 7.2% compared to the year-ago period.

At the same time, the upward trend in seasonally-adjusted traffic has eased from that seen at the end of 2016. “August capacity (available seat kilometers or ASKs) increased by 6.3%, and load factor climbed 0.7% percentage points to 84.5%, which was just below the record for the month set in 2015,” IATA said.
05/10/17 Mihir Mishra/Economioc Times