New Delhi: India's domestic air traffic grew 3.4 percent in November last year, in spite of significant volatility in the market which continues, global airlines body IATA said today. "Indian domestic traffic rose 3.4 percent in November compared to a year ago, after an 8.6 per cent rise in October, signaling that conditions remain volatile," the International Air Transport Association (IATA) said in a latest study. Reuters Noting that growth rates "continued to show significant volatility" as the October growth rate was 8.6 percent, it said the November performance "is more in line with growth (of 4.2 percent) so far this year and this is a significant improvement on 2012 performance, when the market contracted 2.1 percent". On the international air traffic front,
Asia-Pacific airlines recorded an increase in demand of 5.5 percent compared to November 2012. "This was supported by the stronger performance of major economies such as China and Japan. With capacity up 6.8 percent on the previous year, the load factor slipped 0.9 percentage points to 75.4 percent," the study said, adding that global passenger traffic results for November 2013 showed "a moderation in the pace of recent demand growth".
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