India fastest growing domestic air travel market in 2015
Tuesday, 08 Jul, 2016
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India was the fastest growing domestic aviation market in the world in 2015, says the International Air Transport Association.
IATA data said growth in India reached 18.8% last year, almost double the growth rate of China.
According to the just released 60th annual edition of the World Air Transport Statistics yearbook India has a market of approximately 80 million domestic passengers.
Airlines carried the largest number of passengers into and within the Asia-Pacific region, IATA said.
At a global level, Asia Pacific had 34% market share, followed by Europe at 26.2% percent and North America’s 24.8 %.
"Last year airlines safely carried 3.6 billion passengers—the equivalent of 48%of the Earth’s population—and transported 52.2 million tonnes of cargo worth around $6 trillion. In doing so, we supported some $2.7 trillion in economic activity and 63 million jobs," said IATA director general Tony Tyler.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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