India records double digit growth in domestic passenger demand in Sept

IATA logoIndia and China continued to register double-digit growth in domestic passenger demand in September 2016, according to International Air Transport Association’s (IATA) global passenger traffic report. The results showed that global demand, measured in revenue passenger kilometers (RPKs) grew 7 per cent compared to the same month in 2015. This was the strongest year-over-year increase in seven months. Capacity climbed 6.6 per cent and load factor edged up 0.3 percentage points to 81.1 per cent. Growth in domestic traffic slightly outpaced growth in international traffic. Domestic passenger demand climbed 7.2 per cent in September as compared to September2015, which was up from the 4.1 per cent year-on-year growth recorded in August. International RPKs climbed 6.9 per cent with airlines in all regions recording growth compared to 2015. Total capacity climbed 7.2 per cent, causing load factor to slide 0.2percentage points to 80.4 per cent. “September’s growth in passenger demand was healthy. Importantly, this rebound from August weakness suggests that travel demand is showing its resilience in the aftermath of terror attacks. We must, of course, be ever-alert to the ongoing terror threat. And overall the industry is still vulnerable to being buffeted by rising geopolitical tensions, protectionist political agendas, and weak economic fundamentals. This will still be a good year for the airline industry’s performance, but our profitability will continue to be hard-won,” said Alexandre de Juniac, Director General and Chief Executive Officer, IATA.
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