India’s airlines saw traffic jump 17.9% in March, likely reflecting market stimulation by local carriers and a strengthening economy. The International Air Transport Association (IATA) announced global passenger traffic results for March 2015 showing demand (revenue passenger kilometers or RPKs) rose 7.4 per cent compared to March 2014. This was an improvement on February, when year-over-year growth was 6.4 per cent. The acceleration in the year-on-year comparison reflects the residual impact of the February Lunar New Year celebrations, which tend to boost leisure travel in the weeks before and after the holiday. In 2014, the holiday occurred at the end of January. However, underlying traffic trends confirm demand remains robust.
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NEW DELHI: Domestic air travel demand surged in India by 14.8 per cent in February, the highest worldwide, partly on the back of airlines keeping ticket prices lower to stimulate market in lean travel season, global airlines body IATA said in its monthly traffic report today.
According to IATA, the overall global demand rose 6.2 per cent in February 2015 over the same month last year with international demand up by 6.8 per cent while domestic demand seeing a growth of 5.3 per cent in the reporting month.
“The strongest growth occured in India and Brazil, followed by China, which benefitted from Lunar New Year-related travel,” IATA said in a release.
“Demand in India began to improve in the latter part of 2014, partly owing to market stimulation, and that has continued in 2015,” it said.
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