New Delhi: : India is on track to register 50 straight months of double-digit domestic air passenger growth in October 2018 as the near term outlook remains bright, global airlines' grouping IATA said today.
IATA also said that it continues to expect India to surpass the UK as the world's third largest origin-destination market by the mid-2020s.
One of the fastest growing aviation markets in the world, India has been witnessing robust passenger growth for the past many months.
"The near-term outlook for domestic India passenger demand remains bright, with the market on track to make it 50 consecutive months of double-digit annual RPK (Revenue Passenger Kilometre) growth in October 2018.
"Moreover, ongoing potential for further catch-up growth in living standards is expected to continue to propel passenger demand growth well into the future," IATA said in a report today.
11/04/18 PTI/Economic Times
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IATA also said that it continues to expect India to surpass the UK as the world's third largest origin-destination market by the mid-2020s.
One of the fastest growing aviation markets in the world, India has been witnessing robust passenger growth for the past many months.
"The near-term outlook for domestic India passenger demand remains bright, with the market on track to make it 50 consecutive months of double-digit annual RPK (Revenue Passenger Kilometre) growth in October 2018.
"Moreover, ongoing potential for further catch-up growth in living standards is expected to continue to propel passenger demand growth well into the future," IATA said in a report today.
11/04/18 PTI/Economic Times
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