Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Domestic passenger traffic up 26.6% in January

Author: S Vijaykrishnan/Wednesday, March 8, 2017/Categories: National

Domestic passenger traffic up 26.6% in January

New Delhi (IANS) - Domestic passenger traffic grew by 26.6% in January, a global airline association said. The January traffic soared 26.6%, marking the 15th consecutive month of 20%-plus annual growth, the International Air Transport Association (IATA) said in its global passenger traffic data.

"Demand is being stimulated by strong flight frequency." India's domestic revenue passenger kilometres (RPK) and available seat kilometres (ASK) were the highest among major aviation markets like Australia, Brazil, China, Japan, Russia and the US.
 
The association's data showed that India's domestic RPK -- which measures actual passenger traffic -- rose by 26.6% in January compared to the corresponding month of the previous year. India's domestic passenger traffic growth was followed by that of China at 23.2%, Russia (15.4%), the US and Japan (3.5% each) while Australia is at 1.1%.
 
Brazil reported a decline of 2% in domestic passenger traffic. India's Domestic ASK -- which measures available passenger capacity -- surged by 20.9% in January, followed by China at 18.5% and Russia (16.6%). In addition, the association said the global RPK showed the strongest increase in more than five years and rose by 9.6% compared to January 2016. 
 
The association added that the global ASK climbed by 8%. "2017 is off to a very strong start, with demand at levels not seen since 2011," said Alexandre de Juniac, Director General and Chief Executive, IATA.

"This is supported by the upturn in the global economic cycle and a return to a more normal environment after the terrorism and political 'shock' events seen in early 2016." The international passenger demand for January surged by 9.3% compared to the year-ago period, with all regions recording year-over-year increases in demand led by the Middle East and Asia Pacific.
 

Print Rate this article:
No rating

Number of views (28)/Comments (0)

S Vijaykrishnan
S Vijaykrishnan

S Vijaykrishnan

Other posts by S Vijaykrishnan
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.