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India’s domestic air passenger traffic jumps 28 percent in July | Canindia News

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India’s domestic air passenger traffic jumps 28 percent in July

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CanIndia New Wire Service 0 comments

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New Delhi, Sep 4 (IANS) The leading international aviation body on Friday reported that India’s domestic passenger traffic jumped by 28 percent in July, 2015.

According to the International Air Transport Association (IATA), the country’s domestic traffic had spiked by 16.3 percent in June, 18.2 percent in May, 20.7 percent in April and 17.9 percent in March 2015.

India’s domestic capacity in the month under review rose by 10.4 percent when compared to July 2014.

As per IATA, India’s domestic demand soared owing to significant increases in service frequencies and improvements in economic growth.

India’s growth is also significant contributor for the expansion of Asia-Pacific carriers. The domestic markets in India, China and Japan accounts for 44 percent of the region’s operations.

On global-basis domestic passenger demand rose 7.6 percent in July 2015, with the strongest growth occurring in India, China and the Russian Federation.

International passenger traffic globally grew by 8.6 percent during the last month.

The global passenger traffic results showed a 6.5 percent increase in capacity during the month under review.

“July results were strongly positive but slowing global trade and the wild gyrations of stock exchanges around the globe suggest that we may be in for some turbulence in coming months,” said Tony Tyler, director general and chief executive of IATA.

Earlier, data furnished by the civil aviation ministry showed that domestic air passenger traffic increased by 29 percent in July, which stood at 67.45 lakh passengers — up from 52.16 lakh in the corresponding month last year.

The data also showed that low-cost carrier IndiGo achieved the highest market share at 35.8 percent followed by Jet Airways (19.8), Air India (16.2), SpiceJet (12.3), GoAir (8.4) and JetLite (3 percent).

AirAsia India (1.9) and Vistara (1.4) followed by Air Costa’s (1.00) and Air Pegasus (0.2).

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