The Indian domestic aviation market has been the fastest growing aviation market in the world for 22-months-in-a-row, the International Air Transport Association (IATA) has said.
“India led domestic all markets in year-to-year growth for the 22nd month in a row; January traffic soared 26.6%, marking the 15th consecutive month of 20%-plus annual growth. Demand is being stimulated by strong flight frequency,” IATA said on Tuesday.
The International Air Transport Association is the biggest association of airlines globally representing some 265 airlines comprising 83% of global air traffic.
“Domestic air travel climbed 9.9% in January year-on-year. All markets except Brazil showed growth, paced by double-digit increases in China, India and Russia. Capacity increased 8.7% and load factor was 80.1%, up 0.9% percentage points,” it said.
IATA announced global passenger traffic results for January 2017 which showed that demand (revenue passenger kilometers or RPKs) rose 9.6% compared to January 2016. This was the strongest increase in more than five years.
“2017 is off to a very strong start, with demand at levels not seen since 2011. This is supported by the upturn in the global economic cycle and a return to a more normal environment after the terrorism and political ‘shock’ events seen in early 2016,” said Alexandre de Juniac, IATA’s Director General and CEO.