State of aviation in India: Skyrocketing! Demand soars majestically
India recorded double-digit growth in domestic air passenger traffic for the 50th straight month in October as it continued to top the worldwide growth charts, an IATA report said Thursday. The international grouping of airlines also noted that annual growth in industry-wide Revenue Passenger Kilometres (RPKs) recovered to 6.3 per cent in October even though the upward traffic trend has slowed over the past six months.
Revenue Passenger Kilometre
Improvement in living standards
The trend is being supported by structural changes, including ongoing improvement in living standards, as well as large increases in the number of airport connections within the country. "The latter translates into time savings and has a similar stimulatory impact on demand as reductions in fares," it added. Image Source: Reuters