National air passenger traffic increased by 7.9% in June: IATA
MUMBAI: Domestic passenger air traffic increased by 7.9 percent in June during the same period of the previous year, even when the average demand for domestic travel in the seven major aviation markets decreased in the reference month to 4.4 percent from 4.7 per previous hundred, the International Air Transport Association ( IATA ) said Thursday.
The overall global passenger traffic (domestic and international), however, rose by 5 per cent compared to June 2018, said IATA.
International passenger demand increased 5.4% in June 2019 compared to the previous year period, which was an improvement of the annual growth of 4.6% recorded in May.
All regions recorded an increase in growth, led by airlines in Africa, with a capacity that increased 3.4 percent, and a load factor that increased 1.6 percentage points to 83.8 percent, in the month of the report, he said.
Indias domestic market continues to recover from the demise of Jet Airways, with demand rising 7.9 per cent in June compared to the year-ago period, IATA said.
Once it was one of the main airlines, the now disappeared Jet Airways stopped operating on April 17 due to a severe liquidity crisis and is currently under insolvency proceedings in the Mumbai bank of the National Court of Corporate Law ( NCLT).
Jet Airways' grounding created a mismatch between demand and capacity, forcing the government to intervene and allow other national airlines to operate some of the airline's domestic international slots at several airports.
Demand for domestic travel climbed 4.4 per cent in June compared to June 2018, which was a slight slowdown from 4.7 per cent annual growth recorded in May, IATA said.
Led by Russia, all of the key domestic markets tracked by IATA reported traffic increases except for Brazil and Australia, it added.
June continued the trend of solid passenger demand growth while the record load factor shows that airlines are maximizing efficiency. Amid continuing trade tensions between the US and China, and rising economic uncertainty in other regions, growth was not as strong as a year ago, said Alexandre de Juniac, CEO and chief executive, IATA.
Aviation depends on the borders that are open to trade and people to provide their benefits, he said, adding that ongoing trade disputes are contributing to the decline in world trade and the slowdown in traffic growth. These developments are not useful for the global economic perspective.