IATA: Air traffic grew 8% in 2014

IATA: Air traffic grew 8% in 2014

IATA: Air traffic grew 8% in 2014

Air passenger traffic in India grew by eight per cent last year in comparison to 2013, partly owing to market stimulation by domestic carriers, the International Air Transport Association (IATA) said on Friday.

India’s impressive growth came at a time the figures for global traffic showed a 5.9 per cent rise, above its 10-year average growth rate of 5.6 per cent. The growth rate of India was below China and Russia, which grew 11 per cent and 9.8 per cent respectively.

“Demand in the Indian domestic market improved in the latter parts of 2014 partly owing to market stimulation by local carriers, with growth of 8 per cent for the year overall,” the IATA report said. With weakness in international air travel volumes during the latter part of 2014, it said the upward trend in global travel was driven entirely by domestic traffic.

“Strong growth in the Chinese domestic market was one of the key contributors, with expansion reaching 11 per cent in 2014 overall. This comes in spite of ongoing signs of a slowdown in the Chinese economy and industrial activity, although consumer surveys and retail sales data remain robust,” it said. “More than half of the growth in passenger travel took place on airlines in emerging markets, including Asia Pacific and the Middle East. Total revenue passenger kilometres (RPKs) expanded 7.1 per cent and 12.6 per cent respectively for 2014 overall," IATA said.

Tony Tyler, IATA's Director General and CEO, said carriers in the Middle East posted double-digit growth, while results in Africa were barely above previous-year levels.

"Overall, a record 3.3 billion passengers boarded aircraft last year—some 170 million more than in 2013. There have been signs in recent months that softening business confidence is translating into a levelling off of international travel demand," he said.

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