Monday, April 08, 2019

Domestic Aviation Markets Sees 54th Consecutive Months Of Growth

India recorded its 54the consecutive month of double-digit percentage growth in the domestic aviation market. “Domestic capacity climbed 5.8%, and load factor edged up 0.5 percentage point to 82.4%,” the International Air Transport Association (IATA) said.

Globally, the domestic travel demand rose 6.4 per cent in February compared to February 2018, down from 7.4 per cent annual growth in January. All markets except Australia reported increases in traffic. 

“After January’s strong performance, we settled down a bit in February, in line with concerns about the broader economic outlook. Continuing trade tensions between the US and China, and unresolved uncertainty over Brexit are also weighing on the outlook for travel,” said Alexandre de Juniac, IATA’s Director General and CEO.

February international passenger demand rose 4.6 per cent compared to February 2018, which was a slowdown from 5.9 per cent growth in January. Capacity climbed 5.1 per cent, and load factor dropped 0.4 percentage point to 79.5 per cent.
08/04/19 T3

0 Comments: