India’s domestic air passenger traffic grows due to network expansion: IATA

New Delhi, July 5 (IANS) Strong growth in network expansion led to double-digit growth in India’s domestic air passenger traffic for the 45th consecutive month in May, even as the rise in demand came down in the last few months, a global airline association said on Thursday.

According to the International Air Transport Association (IATA), India’s domestic air passenger volume measured in revenue passenger kilometres (RPK) was the highest among major aviation markets like Australia, Brazil, China, Japan, Russia and the US.

As per data, India’s domestic RPK in the month under review rose by 16.6 per cent in May compared to the corresponding month of the previous year.

However, on a sequential basis the growth had come down from April’s rise of 25.7 per cent.

“India’s domestic traffic rose 16.6 per cent year-over-year, which was down from 25.7 per cent in April. Passenger volumes in India have fallen back in seasonally-adjusted terms in recent months alongside some mixed signals on the economic front,” IATA said in its global passenger traffic results for May 2018.

“Notwithstanding this, May was India’s 45th consecutive month of double-digit annual RPK growth. Demand continues to be supported by strong growth in the number of airport connections within the country: some 22 per cent more airport-pairs are scheduled to operate in 2018 compared to last year.”

India’s domestic passenger traffic growth was followed by that of China at 11.9 per cent and Russian Federation at 8.6 per cent.

In terms of capacity, India’s domestic available seat kilometres (ASK) — which measures available passenger capacity — climbed higher by 18 per cent in May, followed by that of China’s 12.5 per cent growth and Russian Federation at 7.5 per cent

LinkedIn scams via fake job offers, phishing on the rise: Report

New Delhi: Fake job offers and phishing scams are on the rise on LinkedIn and half of the businesses (56 per cent) globally experienced at least one LinkedIn scam this year,...

Google Pay launches RuPay credit cards support on UPI in India

New Delhi: Google Pay in conjunction with the National Payments Corporation of India (NPCI) on Tuesday rolled out support for RuPay credit cards on Unified Payments Interface (UPI). The users...

2 lakh tech employees lose jobs in 2023 to date, more in the offing

New Delhi: The year 2023 has become the worst year for tech employees as nearly 2 lakh tech employees -- from Big Tech firms to startups -- have been sacked...

Quantitative tightening by top central banks will suck out $2 tn in liquidity

London: The worlds most influential central banks -- apart from the Bank of Japan -- are steadily reducing the size of their balance sheets, and no one knows for sure...

10 Rs 2,000 notes can be exchanged per account holder at a time: RBI

Chennai/New Delhi: Announcing the decision to withdraw Rs 2,000 denomination notes from circulation, the Reserve Bank of India (RBI) has asked banks not to issue such notes with immediate effect....

RBI to withdraw Rs 2,000 currency notes; to continue as legal tender

New Delhi/Chennai: The Reserve Bank of India (RBI) on Friday said that it will withdraw the Rs 2,000 denomination banknote from circulation but it will continue as legal tender. In a...

Layoffs also harm shareholder returns in the long term: Report

New Delhi: Layoffs can inadvertently reduce shareholder returns when taking actions to protect them, as companies tend to underestimate the organisational drag created by large-scale workforce reductions, a report has...

Indian-origin Dylan Jadeja to become Riot Games CEO

San Francisco: Riot Games, the developer behind smash-hit video games like 'League of Legends' and 'Valorant,' has appointed India-origin A.Dylan Jadeja as the company's new chief executing officer (CEO). "We're proud...

Mauritius minister says no shell companies in country, rejects allegations by Hindenburg Research

New Delhi: Mauritius Financial Services Minister Mahen Kumar Seeruttun has told the countrys Parliament that the allegations of the presence of shell companies in Mauritius are false and baseless. The...

Dedollarisation a gradual journey, likely to face geopolitical challenges: Expert

Chennai: The dedollarisation is a gradual journey and has to face various challenges, including geopolitical angle, said industry officials. The reported decision of India and Russia to suspend talks to...

Insolvency petition a ruse for loan write-offs? Major bank union to oppose Go Airlines’ write-offs

Chennai: The All India Bank Employees' Association (AIBEA) will oppose banks writing off a part of their loans to Wadia group's Go Airlines (India) Ltd if the latter has filed...

Lithium reserves in Raj raise hopes of reduced dependence on China

Jaipur: If officials in Rajasthan government are to be believed, Lithium reserves have been traced in Degana (Nagaur) of Rajasthan. The Geological Survey of India (GSI) and mining officials claim...

Read Previous

Government mulls infusing fresh capital in Air India

Read Next

Sindhu Pusrala of India returning a shot from Aya Ohori of Japan in Indonenia Open Badminton tournament at Jakarta on July 5. Pusrala won 2-0.

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com