Tag Archives: Indian airlines

Double-digit growth in India’s domestic passenger demand in Aug ’17

Indian airlines achieved a 36th consecutive month of double-digit domestic traffic growth as demand rose by 16 per cent, according to data released by the International Air Transport Association (IATA). The demand for domestic travel climbed 7.6 per cent this August as compared to August 2016, on pace with the 7.5 per cent growth recorded in July. Capacity rose 6.9 per cent and load factor increased 0.6 percentage points to 84.5 per cent. All markets reported demand increases with the exception of Australia. The international passenger demand for August rose 7.0 per cent compared to August 2016. All regions recorded increases, led by airlines in Latin America. Capacity climbed 6.1 per cent and load factor edged up 0.8 percentage points to 84.5 per cent. “Following the strong summer traffic season in the northern hemisphere, 2017 is on course to be another year of strong traffic growth. However, some important demand drivers are easing, particularly lower fares. As we head towards the end of the year we still expect growth to continue, but potentially at a slower pace,” said Alexandre de Juniac, Director General and CEO, IATA. The global passenger traffic data for August indicated that demand climbed 7.2 per cent as compared to August 2016. The total capacity increased by 6.3 per cent and load factor climbed 0.7 percentage points to 84.5 per cent, which was just below the record for the month set in 2015.

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Airlines in India to order up to 2100 aircraft over next 20 years: Boeing

According to Boeing Co, Indian airlines are expected to order up to 2100 new aircraft worth $290 billion over the next 20 years. “The increasing number of passengers combined with a strong exchange rate, low fuel prices and high load factor bodes well for India’s aviation market, especially for the low-cost carriers,” Dinesh Keskar, Senior Vice President-Asia Pacific and India Sales, Boeing Commercial Airplanes reportedly said. The company expects passenger growth of about eight percent in South Asia, dominated by India, over the next 20 years, compared with the world average of about 4.7 percent. Keskar added that Boeing could increase the projection next year depending on how India’s regional connectivity scheme pans out. The company also said that it expected single-aisle planes, such as the next generation 737 and 737 Max, to account for the bulk of the new deliveries, with India likely to take 1,780 such aircraft. Boeing expects worldwide demand for 41,030 aircraft over the next 20 years, putting India’s share of the total at about 5 percent. Source: IANS

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