India is the only domestic market in the world to see a decline in air traffic demand this February compared to last year, even as global traffic continued to show “solid” growth in the same month, IATA said today.
India’s domestic air traffic fell 1.8 per cent in February compared to the same month in 2013, making it “the only domestic market to see a contraction in demand,” the International Air Transport Association (IATA) said on the latest global air traffic figures.
“Subdued consumer sentiment ahead of the upcoming election as well as elevated fare levels compared to a year ago, are likely to be exerting downward pressure on demand,” it said in its analysis of the data for February 2014.
Indian carriers’ revenue per kilometre (RPK), which measures the volume of passengers carried by the airlines, declined by 1.8 per cent, while its average seat per km (ASKM), measuring available passenger carrying capacity of airlines, stood at 6.6 per cent.
Full report here New Indian Express