• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money
Moneycontrol

Home » News » Business

Jan 11, 2017, 08.29 PM | Source: PTI

India tops domestic air traffic demand; 22.3% in November

The global grouping of airlines today said India continued to witness over 20 percent growth in domestic air passenger traffic for the 13th consecutive month in November 2016 -- when global passenger traffic too saw the strongest demand in nine months.

Like this story, share it with millions of investors on M3

India tops domestic air traffic demand; 22.3% in November

The global grouping of airlines today said India continued to witness over 20 percent growth in domestic air passenger traffic for the 13th consecutive month in November 2016 -- when global passenger traffic too saw the strongest demand in nine months.

Post Your Comments

Share Cancel

India tops domestic air traffic demand; 22.3% in November
India's domestic air passenger traffic grew by 22.3 percent in November 2016, topping the growth chart worldwide for the 20th straight month while there was little sign of demonetisation having any immediate negative impact on passenger numbers, according to IATA.

The global grouping of airlines today said India continued to witness over 20 percent growth in domestic air passenger traffic for the 13th consecutive month in November 2016 -- when global passenger traffic too saw the strongest demand in nine months.

Globally, total revenue passenger kilometres (RPKs) increased 7.6 percent compared to November 2015 while capacity -- available seat kilometres or ASKs -- went up by 6.5 percent.

ASK for India stood at 20.2 percent in November 2016.

The International Air Transport Association (IATA) said domestic India topped the growth chart for the 20th consecutive month.

Apart from India, only two other countries -- Russia (15.5 percent) and China (14.9 percent) clocked double digit growth in November last year, as per IATA data.

"While there was little sign in the latest passenger data of any immediate negative impact following the demonetisation of bank notes enacted on November 8, the seasonally-adjusted traffic trend has paused in recent months.

"Nonetheless, the annual growth rate remained above 20 percent for the 13th month in a row," it said.

As part of larger efforts to curb black money menace and corruption, the government had cancelled Rs 500 and Rs 1,000 currency notes as legal tenders in November.

Coming out with the air traffic numbers for November 2016, IATA also said robust growth in India and China is being supported in both cases on multiple fronts, including sizeable increases in real consumer spending and growing options for passengers.

"Both Indian and Chinese airlines have increased the number of airport-pairs served in 2016 (although average flight frequencies in China have fallen compared to last year).

"Adding airport-pairs and flight frequencies reduces journey times for passengers and stimulates demand in a similar way to a cut in fares," it added.

IATA Director General and CEO Alexandre de Juniac said stronger demand for air travel reflects and is supporting a pick-up in the global economic cycle.

As the stimulus effect of lower oil prices recedes in the rear view mirror, the strength of the economic cycle would play a key role in the pace of demand growth in 2017, he added.

Out of the worldwide aviation market share, international segment accounts for 63.5 percent while 36.5 percent is made up by the domestic sector.

IATA represents nearly 265 airlines comprising 83 percent of global air traffic.

Buy, Hold, Sell ? Hear it first on M3
India tops domestic air traffic demand; 22.3% in November

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login