India maintained its position as the world leader in domestic air traffic growth in November while China and Russia also recorded double digit growth, the International Air Transport Association (IATA) said in a report on Wednesday.
IATA, which represents the majority of international airlines, said India’s domestic air traffic grew 22.3 percent during November, while China’s rose 14.9 percent and Russia’s 15.5 percent compared with the same time last year.
“Domestic travel demand rose 7.1 percent in November 2016 compared to the same month in 2015, but results continued to vary widely, with China, India and Russia showing double-digit growth while demand declined in Brazil and Japan,” it said.
November was the month when India announced steps to demonetise most of its currency notes. Although the banned currency notes could be used to buy air tickets until early December, airline executives fear that demonetisation would impact discretionary travel in the results after November. Read More…