Aviation

IATA credits new ‘supportive’ govt for air traffic growth

DELHI

Reflecting “solid” growth over the past two months, India’s domestic passenger traffic rose 7.4 per cent in August, recording the second highest growth rate globally after Russia’s 10 per cent, latest IATA data shows.

“Indian domestic demand climbed 7.4 per cent. Results for the last two months have been solid, perhaps an early sign of improvement as a result of the new business-supportive government regime,” the analysis of the data by the International Air Transport Association (IATA) said, reports Economic Times.

The overall average domestic demand rose 4.5 per cent in August compared to August 2013 with all markets reporting growth, led by Russia and India, the analysis said.

Like India, Russia’s high growth rate of 10.1 per cent showed that the airlines there “have been able to stimulate domestic demand through significant fare reductions”, it said.

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