India witnessing double digit air travel growth for 50 months in a row: IATA
NEW DELHI: This October was the 50th month in a row of India posting double-digit growth on a month-on-month basis, according to International Air Transport Association (IATA). October 2018 saw 15 per cent more air travellers in India than same month in previous year. While this was a slowdown from 19.6 per cent in September, the strong upward trend in traffic remains in place, the global agency, it said.
“This is being supported by structural changes, including ongoing rises in living standards, as well as large increases in the number of airport connections within the country,” the trade association representing the world’s 290 airlines accounting for 82 per cent of total air traffic said in a statement Thursday.
“Domestic demand climbed 6.4 per cent in October compared to October 2017, unchanged from September, while capacity rose 6.7 per cent… China, India and Russia led all markets with double digit growth, it said.
“October’s healthy performance is reassuring after the slower demand growth in September—some of which was attributable to weather-related disruptions. However, the bigger picture is that traffic growth has moderated compared to earlier in the year, reflecting a more mixed economic backdrop and reduced demand stimulation from lower fares,” said Alexandre de Juniac, IATA’s DG and CEO.