India’s domestic air passenger traffic grew by 22.3 per cent 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 on Wednesday said India continued to witness over 20 per cent 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 per cent compared to November 2015 while capacity -- available seat kilometres or ASKs -- went up by 6.5 per cent.
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 per cent) and China (14.9 per cent) 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 per cent 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.