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India posts highest growth of air passenger traffic in Asia Pacific Region in May: ACI

Airports Council International (ACI), the global trade representative of the world's airport authorities, in its latest report has showed that India tops the Asia Pacific region in posting the highest growth in air passenger traffic in May at 13.3 percent. In comparison, the growth in China and South Korea stood at 8.3 percent and 8.1 percent, respectively. It stated that the Asian giants like India, China and South Korea have shown impressive growth in the air traffic passenger that has led to a situation of disparity in the region if compared with passenger traffic growth of Japan and Australia.

According to the report, the Asia-Pacific market as a whole posted a growth rate of 6.3 percent, slightly higher than Europe where the figure stood at 6.2 percent. On the other hand, North America saw the traffic grow by 5.6 percent. It pointed out that the presence of the low-cost business model among carriers along with historically low jet fuel prices have certainly acted as catalysts to stimulate air transport demand through lower fare offerings on certain market segments. However, it noted that oil prices have shown a steady rise in the succeeding months.

ACI further highlighted that the global passenger traffic grew by 5.6 percent in May on a year-over-year basis. It noted that while this was close to one percentage point below its year-to-date growth figure, it remains a robust demonstration of resilience considering the global climate of increasing geopolitical tension.

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