At 18%, Indian air travel grows at double world rate
Air travel demand in India rose by nearly 18 per cent in March, more than-two fold of the global average, on account of improved economy and market stimulation by way of heavy discounts offered by the Indian airlines during the period, the IATA said on Wednesday.
Domestic air travel rose by 8 per cent in March year-on-year, driven by growth in China and India, the International Air Transport Association (IATA) said in its monthly global traffic data report. China logged the highest growth in domestic traffic worldwide at robust 22 per cent during the reporting month, it said, adding, March international passenger traffic rose seven per cent compared to the year-ago period while capacity surged by 5.4 per cent with seat occupancy in the passenger planes increasing 1.2 percentage points to 78.9 per cent.
All regions recorded year-over increases in demand except for Africa, the IATA said. "March traffic continues the trend of healthy demand for travel. We may, however, see a softening of demand in the second quarter. There are signs that regional trade activity in Asia-Pacific may be slowing and Eurozone economic weakness continues to disappoint," IATA's Director General and Chief Executive Tony Tyler said. According to report, Asia-Pacific airlines recorded an 11.1 per cent increase in demand compared to March 2014, strongest among the regions. The timing of the Lunar New Year in mid-February contributed to the robust performance as holiday-related travel continued into early March, he said.
"The devastating earthquake in Nepal has gripped the world's attention. It also has highlighted aviation's vital role. Airlines help transport the responders who perform their heroic efforts in bringing food, medical supplies and equipment to those in need," Tyler added.
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