Indian air travel growth 2nd highest globally in March: IATA

DELHI: The cheap airfares offered by airlines earlier this year have finally managed to arrest the constant fall in domestic air travel. International Air Transport Association (IATA) on Wednesday said India saw the second highest growth in domestic air travel in March, next only to China's 16.6% against a global average of 5.7%. This is a complete reversal of fortunes as IATA data had for months been showing that India was the worst performing in domestic air travel as the country was recording the steepest fall globally. data had for months been showing that India was the worst performing in domestic air travel as the country was recording the steepest fall globally.Indian domestic traffic spiked 7% compared to a year ago, the second strongest performance. A reduction in fares by several airlines serving the Indian domestic market is the likely cause of the demand boost," IATA said. The Directorate General of Civil Aviation had also released its data for March last week which showed an upward trend from same month last year — after constant month-on-month fall for many quarters. tnn

 ARUSI SINGH

PGDM 2nd Sem