The International Air Transport Association (IATA) has said that the Indian domestic passenger traffic rose by just 5.1 per cent in 2019, down from 18.9 per cent in 2018. It stated that 2019 was challenging for air travel in the domestic India market after four years of double-digit growth.
It mentioned that the market's revenue passenger kilometres (RPK) growth slowed sharply (5.1 per cent in 2019 vs 18.9 per cent in 2018) amidst the Jet Airways bankruptcy and weakening economic activity. It noted Passenger volumes ended the year on a soft note (up 1.7 per cent year-on-year in December), which highlights the challenges for the market in the period ahead.
IATA, which represents around 290 airlines comprising 82 per cent of global air traffic, measures passenger growth in RPKs, which is calculated by multiplying the number of passengers to the distance travelled by them.
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