Global aviation body, the International Air Transport Association (IATA) has stated that India has registered a growth of 16.4 percent in domestic air passenger traffic in the month of November 2017, topping the growth chart worldwide. It also indicated that the country continued to witness double-digit growth for the 39th consecutive month. Besides, it noted that the airline industry is in a good place entering 2018 and November's strong demand gives the industry momentum.
According to the IATA's data, on the global level, the total revenue passenger kilometer (RPK) an indicator of passenger growth climbed 8 percent in November 2017 as compared to the same month in 2016, the fastest rate in five months. It noted that the available seat kilometeres (ASKs) or capacity grew by 6.3 percent. It also showed that the ASK for India was at 10.4 percent, second only to China where capacity grew by 12.9 percent.
IATA's Director General and CEO, Alexandre de Juniac has said that the number of unique city-pair connections now tops 20,000. He said that passengers not only have more travel choices than ever, the cost of travel in real terms has never been cheaper. He also expects that 2018 to be the fourth year in a row where the industry's return on invested capital will exceed the cost of capital. However, he said that challenges remained, including security threats, infrastructure constraints as well as growing fees and charges.