India's domestic passenger traffic up 27 per cent: IATA
NEW DELHI, May 5: A global airlines’ association on Thursday reported that India’s domestic passenger traffic grew by 27.4 per cent in March.
“The domestic India market remains the fastest expanding market, with growth edging up to 27.4 per cent year-on-year in March,” said Intertiol Air Transport Association (IATA) in its global passenger traffic results for March.
“Growth in the India domestic market is being propelled by the comparatively strong economic backdrop as well as sizeable increases in services.”According to IATA’s March traffic results, India’s domestic passenger traffic grew the fastest amongst the seven major aviation markets of the world. The other major aviation markets include Australia, Brazil, Chi, Japan, the Russian Federation and the US.
In fact IATA’s data showed that India’s passenger traffic was over six times more than the growth of the second fastest growing market the US.
Data furnished by IATA disclosed that India’s domestic passenger traffic growth was followed by that of the US at 4.1 per cent, the Russian Federation at 4.00 per cent, Chi at 3.3 per cent and Australia at 2.3 per cent. However, Brazil and Japan reported decline in their domestic passenger traffic at -8.3 per cent and -1.7 per cent, respectively. (IANS)