Domestic air traffic grows 13.3% in May

India led the Asia Pacific region in posting the highest growth in air passenger traffic in May at 13.3%. The growth in China in comparison stood at 8.3% and South Korea at 8.1%. Japan posted a more subdued figure of 2.8% and Australia at 2.3%.

The Asia-Pacific market as a whole posted a growth rate of 6.3%, slightly higher than Europe where the figure stood at 6.2%. North America, on the other hand, saw the traffic grow by 5.6%. The report said that the “presence of the low-cost business model among carriers coupled with historically low jet fuel prices”, have certainly acted as catalysts to stimulate air transport demand through lower fare offerings on certain market segments.

Oil prices have, however, shown a steady rise in the succeeding months.

As per the report, in May, the global passenger traffic grew by 5.6% in May on a year-over-year basis.

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