India’s domestic air travel soared 7% in March from a year earlier after a substantial fall in February, primarily due to lower fares, the International Air Transport Association said, making it the ‘second strongest performance’ of the Indian aviation market.
Global air travel grew by 6% during the month, led by emerging markets, even as capacity grew just 3.5%, meaning that there were generally fewer empty seats.“Strong demand for air travel is consistent with improving business conditions. Performance, however, has been uneven. Mature markets are seeing relatively little growth, while emerging markets continue to show a robust expansion,” said IATA CEO Tony Tyler.
Growth in passenger traffic was strongest in the Middle East where demand increased by 15.6% versus a capacity increase of 14.2%. In 2013, the Easter holidays occurred in March as opposed to April last year, stoking demand for flights, IATA said.
But while the recovery in air travel seems intact with growth increasing every month of this year, growth has stalled in the air cargo market. IATA said on Tuesday that global air freight traffic — seen as a short-term leading indicator of economic growth — fell in March versus the previous year on lower demand from Asian Pacific carriers.
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