"2019 was challenging for air travel in the domestic India market. After more than four years of double digit expansion, the market's 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," said a statement issued by the International Air Transport Association (IATA).
IATA, which represents around 290 airlines comprising 82 per cent of global air traffic, measures passenger growth in revenue passenger kilometres (RPKs), which is calculated by multiplying the number of passengers to the distance travelled by them.
About Indian market, the IATA 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." DSP DSP SMNSMN