Published on : Tuesday, October 10, 2017
Airlines across the world added 242 million more passengers last year raising the total number to 3.8 billion as compared to 3.6 billion in 2015.
Carriers like Asia-Pacific account for more than one-thirds of the total market share, India stood third in terms of domestic passengers after the US and China with 5.2 per cent of total local traffic.
There was a growth of 11.3 % over a year ago for airlines in the Asia-pacific region holding a passenger capacity of 1.3 billion.
IATA further mentioned Europe to have 992.4 million with an increase of 6.1 per cent market share and North America with 911.5 million passengers, going up by 3 per cent from 2015.
The new report revealed that the new model airlines (NMAs), a classification including Low Cost Carriers had 28.3 per cent of all passengers in 2016 went up from 27.1 per cent of passengers in 2015.
The total passengers for Network carriers were 69.5 per cent of total passengers while leisure carrier was 2.2 per cent.
NMAs account for 20 per cent of global traffic mostly concentrated on short-haul flying when measured in revenue passenger kilometers(RPK). Network carriers had 77 per cent of traffic with leisure carriers comprising 3 per cent of the total traffic.
According to the report the US citizens were the most prevalent traveler at 29.9 per cent that was followed by China (19 per cent) and India (5.2 per cent).
The most prevalent travellers are the American citizens with 810 passengers in 2016 it comprised 21 per cent of the worldwide figures.