IATA is a trade association for international airlines, representing around 260 airlines or 83% of the total air traffic.
There is an increasing disparity in the pace at which India's domestic passenger growth is happening as compared to several other countries. While countries like Brazil and Australia have registered negative growth, India, China and Russia have reported growth in double digits, says a report released by the International Air Transport Association (IATA).
IATA is a trade association for international airlines, representing around 260 airlines or 83% of the total air traffic.
"The air travel story is generally a good one. There are some weak spots. For example, the Brazilian air transport sector is caught in perfect storm of a deepening recession, high costs and a weak currency. In most parts of the world, we see strong demand for travel – exceeding the growth in capacity. Load factors are averaging over 80% and consumers are the big winners with fares trending downwards," said Tony Tyler, IATA's director general and CEO.
As per the statistics available with IATA for the month of October 2015, India, which is the fastest growing domestic aviation market in the world, grew 17.6%. China and Russia on other hand grew 12.8% and 10.3%, respectively. The domestic airline travel overall saw a growth of 7.3%.
The data further added that three major economies of Asia comprising India, China and Japan together count for 44% of the region's operations.
Australia saw slump in its domestic aviation growth at -0.7% in comparison to October 2014, while Brazil too showed a similar downfall of -6%.
The Brazil's domestic traffic fell as the domestic aviation sector struggled under the burden of a deepening recession, sinking local currency and government policies that imposed crushing costs on the industry, said the report. The report however did not mention the reason for the decline in Australia's domestic airline sector.
Regarding the commerce part of international and domestic growth on global level, IATA points: Total revenue passenger kilometers (RPKs) rose 7.5%, which was in line with the 7.4% year-over-year expansion seen in September. October capacity (available seat kilometers or ASKs) increased by 5.7%, and load factor rose 1.4 percentage points to 80.5%.
"Growth in air travel has been stimulated by lower fares, particularly for leisure travel. Data for the first 8 months of the year show a 5% fall in average fares in currency-adjusted terms. It is estimated that the fall in fares has supported approximately 3 percentage points of the rise in traffic year-to-date." the report remarks.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Representational image")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}