India clocks second fastest air travel demand in June

July 28th, 2011 - 7:22 pm ICT by IANS  

New Delhi, July 28 (IANS) India’s domestic air travel demand grew at 14 percent in June, making it the second fastest in the world, the International Air Transport Association (IATA) said Thursday.

According to IATA’S latest figures, India clocked second fastest growth rate after Brazil, which reported a demand expansion of 15.1 percent in June.

IATA reported that the overall international air passenger traffic increased by 4.4 percent in June as compared to the like period of last year.

“With high load factors and an upward growth trend, the passenger business is doing
better than cargo,” said Tony Tyler, IATA’s director general and chief executive, adding that freight demand was down three percent in June as compared to June 2010.

According to IATA, the overall demand for the international passenger service grew by 5.9 percent and airline capacity expanded by 7.2 percent in the month.

“Load factors were maintained at an impressive 79 percent,” IATA said in a statement.

Earlier, IATA forecast an industry profit of $4 billion for 2011 which is
a 78 percent fall from the $18 billion that the airlines made in 2010 due to high oil prices.

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