New Delhi: Continuous addition of capacity by India’s airline companies
will help the country’s aviation market overcome the impact of
demonetisation, says airline body International Air Transport
Association (IATA).
IATA’s observation came, as it announced that ‘the domestic India market topped the growth chart for the second year in a row; passenger volumes surged by 23.3% in 2016 – twice as fast as the next fastest growing market, China.’
“It has not all been positive news over recent months; indeed, the seasonally-adjusted (SA) traffic trend slowed in H2 from its stellar upward trajectory, and business confidence has fallen following the withdrawal of large-denomination banknotes in November.
However, airlines are scheduling strong flight frequency growth in 2017, which will translate into time savings for passengers and will have the same stimulatory impact on demand as a cut in fares,” IATA said in its Air Passenger Market anaysis for 2016.
The analysis showed that domestic air travel globally rose by 5.7% in 2016.
“All major markets except Brazil showed growth, but India and China, with RPK expansion of 23.3% and 11.7% respectively, were the stand-out performers,” it said.
To Read the News in Full 02/02/17 Mihir Mishra/Economic Times
IATA’s observation came, as it announced that ‘the domestic India market topped the growth chart for the second year in a row; passenger volumes surged by 23.3% in 2016 – twice as fast as the next fastest growing market, China.’
“It has not all been positive news over recent months; indeed, the seasonally-adjusted (SA) traffic trend slowed in H2 from its stellar upward trajectory, and business confidence has fallen following the withdrawal of large-denomination banknotes in November.
However, airlines are scheduling strong flight frequency growth in 2017, which will translate into time savings for passengers and will have the same stimulatory impact on demand as a cut in fares,” IATA said in its Air Passenger Market anaysis for 2016.
The analysis showed that domestic air travel globally rose by 5.7% in 2016.
“All major markets except Brazil showed growth, but India and China, with RPK expansion of 23.3% and 11.7% respectively, were the stand-out performers,” it said.
To Read the News in Full 02/02/17 Mihir Mishra/Economic Times
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