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India only country in world where domestic air travel fell

 
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shivendrashukla
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Joined: 21 Dec 2006
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Location: Mumbai, India

PostPosted: Sat Aug 04, 2012 1:59 pm    Post subject: India only country in world where domestic air travel fell Reply with quote

India only country in world where domestic air travel fell in June: IATA

Quote:
Saurabh Sinha, TNN | Aug 4, 2012, 12.31PM IST
NEW DELHI: The great Indian aviation story has turned on its head. According to the International Air Transport Association (IATA), domestic air travel showed an upward trend in June over same month last year in all markets except India. June was the second month in a row when domestic air travel fell after seven years of almost uninterrupted double digit growth.

"Japan's domestic market continues to look flat. Brazil recorded domestic demand growth of13.8%... Chinese domestic air travel grew 7.8%... US domestic demand was up 0.8% compared to the previous June," the global body says in a latest report.

"All markets, except India, showed an expansion in demand in June (for domestic air travel) compared to the previous year... economic slowdowns in various countries are keeping the growth trend soft throughout 2012. The first six months of 2012 have seen overall domestic air travel growth trend slow to a 2% annualized rate, after increasing at more than 6% annualized growth over the second half of2011," IATA says in a latest report.

It adds India's domestic travel fell by 0.7% in June even as capacity expanded by 4.5%. The load factor was 74.2%. While this was second month when traffic fell, the trend in growth continues to be flat since the start of 2012.

IATA reported that on a year-on-year basis, the combine domestic-international-freight demand globally in June expanded by6.2%. Capacity grew by a much more cautious 4.5% leaving load factors at 81%.

IATA DG Tony Tyler said: "The uncertainty that we see in the global economic situation is being reflected in air transport's performance. Although there are some pockets of solid performance, it is difficult to detect a strong trend—positive or negative—at the global level. Passenger markets have been growing more slowly since the beginning of the year and freight markets gains have been mostly very weak. The net effect is a demand limbo as consumers and businesses hedge their spending while awaiting clarity on the European economic front."


http://timesofindia.indiatimes.com/business/india-business/India-only-country-in-world-where-domestic-air-travel-fell-in-June-IATA/articleshow/15350117.cms

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Shivendra
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