Tuesday, March 2, 2021
Home News Reports India becomes the world's fastest growing aviation market for the third successive year

India becomes the world’s fastest growing aviation market for the third successive year

India has maintained its position as the world’s fastest growing aviation market for the third successive year by also clocking the fastest growth in 2017, among all the countries.

The International Air Transport Association (IATA), in a report claimed that the domestic air traffic in India grew at 17.5%. China in comparison came a distant second by clocking a 13.3% growth rate. India’s high growth was attributed to the economic and network expansion in the country. Ever since regulations were eased in India’s aviation market in 2014, the nation saw a spurt in passenger growth thanks to low airfare offered by airlines.

IATA is a global airlines body which represents 280 airlines or about 83% of the global air traffic. As per their own admission, they “help formulate industry policy on critical aviation issues”.

Globally too, the Revenue Passenger Kilometres (RPKs), which measure passenger volumes, grew at 7.6% in 2017 which was higher than the ten year average of 5.5%.

As per IATA the main drivers of the growth were a comparatively strong rate of economic expansion in each country, and an additional stimulus provided through additional airport pairs.

IATA though has cautioned that the full year RPK growth will be lower than 2017 due to increase in the input costs for airlines. These input costs include increased fuel and labour costs, which might make it difficult to stimulate demand via lower airfares in 2018.

  Support Us  

Whether NDTV or 'The Wire', they never have to worry about funds. In name of saving democracy, they get money from various sources. We need your support to fight them. Please contribute whatever you can afford

OpIndia Staffhttps://www.opindia.com
Staff reporter at OpIndia

Related Articles

Trending now

The Hindu ‘journalist’ Suhasini Haidar puts out misinformation about ISRO satellite launch: Read details

Suhasini Haidar, National Editor of 'The Hindu', put out false information on social media in attempt to mislead the public.

Watch: ‘Replace those who are not actively participating’ Union Minister Piyush Goyal disciplines irregular babus

Piyush Goyal was unhappy with members of governing council of Indian standards as their videos were switched off.

‘Inserted her hand claiming she was planting a tree’: LGBT activist Divya Dureja accused of sexual assault under pretext of shamanic ritual

A popular LGBT activist Divya Dureja has been accused of sexual assault by Elodie Gendron under pretext of a Shamanic ritual.

“You better withdraw the petition, warna jo kaam karte ho wo bhi band ho jaega”: Delhi HC pulls up petitioner over frivolous PIL

A plea was filed in the Delhi High Court by a petitioner seeking directions from the court to the state of Himachal Pradesh to release water through Western Yamuna Canal

Don’t fall for propaganda! WhatsApp will not have to breach end-to-end-encryption to follow the new IT guidelines

We're all well aware that the Govt of India has recently notified the new Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021

Gujarat 2002: The iconic photo(s) that were never taken and the question of ‘victimhood’

How the 59 Karsevaks who were burnt alive were never the victims of violence for the 'liberals'

Recently Popular

‘Inserted her hand claiming she was planting a tree’: LGBT activist Divya Dureja accused of sexual assault under pretext of shamanic ritual

A popular LGBT activist Divya Dureja has been accused of sexual assault by Elodie Gendron under pretext of a Shamanic ritual.

Gujarat: Ahmedabad woman Ayesha commits suicide by jumping into Sabarmati River, last video message goes viral

A video has gone viral on social media where Ayesha, a young woman, can be heard announcing her decision to commit suicide.

The Hindu ‘journalist’ Suhasini Haidar puts out misinformation about ISRO satellite launch: Read details

Suhasini Haidar, National Editor of 'The Hindu', put out false information on social media in attempt to mislead the public.

US President Joe Biden casually drops the N-word during Munich Security Conference, accused of racism on social media

The N-word is considered as one of the hateful words that were first uttered in the 17th century. Its origin can be traced back to the Spanish word 'negro', which is often used by white supremacists to deliberately offend the African-American community.

Australian media slam Justin Trudeau for abstaining vote against China, calls his government the most pathetic in the history of the Five Eyes

Sky News Australia host called Justin Trudeau government the most pathetic in the history of Five Eyes nations

‘Mea culpa’: Rajdeep Sardesai finally admits Modi wasn’t responsible for 2002 and that media sensationalised the riots

Responding to a question asking whether Narendra Modi the then Chief Minister of Gujarat in 2002 was anyway responsible for the incident, Rajdeep Sardesai admitted that he personally believed that Modi was not responsible for the riots that followed after Godhra massacre.
- Advertisement -

 

Connect with us

253,147FansLike
521,262FollowersFollow
23,800SubscribersSubscribe