Global Air Travel Sees Modest Growth in March While Capacity Outpaces Demand: IATA

Global Air Travel Sees Modest Growth in March While Capacity Outpaces Demand: IATA

By Manu Vardhan Kannan

Published on May 5, 2025

The International Air Transport Association (IATA) has announced a 3.3% year-on-year increase in global air passenger demand for March 2025. This modest growth marks an improvement from the 2.7% rise recorded in February. However, the report also reveals that available passenger capacity surged by 5.3%, resulting in a global load factor decline to 80.7%, a 1.6 percentage point drop compared to the same period last year.

Willie Walsh, IATA’s Director General, addressed the shift, noting the importance of monitoring the widening gap between demand and capacity. “March numbers continued to show a global pattern of growth for air travel. That means the challenges associated with accommodating more people who need to travel—specifically alleviating supply chain problems and ensuring sufficient airport and air traffic management capacity—remain urgent,” he said.

Regional Trends

Among the global regions, Asia-Pacific carriers led international traffic growth with a 9.9% increase in revenue passenger kilometers (RPK). Latin America followed with a 7.7% rise, while European carriers saw a steady 4.9% growth. In contrast, international RPKs declined in the Middle East and North America by 1.0% and 0.1%, respectively. IATA suggested that the Middle East’s performance may have been influenced by Ramadan.

Domestic air travel showed slower progress with a 0.9% overall increase. The United States saw a 1.7% decline in domestic demand, and Australia reported a 1.2% drop. However, this was offset by strong performance in emerging markets. India experienced an 11.0% rise in domestic travel, Brazil posted an 8.9% increase, and Japan followed closely with an 8.0% gain. Notably, India recorded a domestic load factor of 83.3%, highlighting strong local demand.

Load Factor Overview

Load factors, a key efficiency metric, dropped across most regions. Asia-Pacific had the highest international load factor at 84.1%, while the Middle East had the lowest at 74.6%. For domestic markets, Japan stood out with an 84.4% load factor, whereas Africa’s international routes reported the lowest at just 71.5%.

IATA attributed the slowdown in international RPK growth—from 12.5% in January to 4.9% in March—to the diminishing effects of post-COVID recovery comparisons. While the aviation sector continues to show resilience, economic uncertainties and ongoing infrastructure challenges remain areas of concern.

Despite these headwinds, the long-term outlook for the industry remains optimistic. IATA stressed the need for continued efforts in resolving air traffic bottlenecks and improving infrastructure to meet the rising demand for global air travel.


Karanveer Singh and Pawan Mudgal of Amritara Hotels & Resorts Win Outstanding Leadership Awards 2025

Karanveer Singh and Pawan Mudgal of Amritara Hotels & Resorts Win Outstanding Leadership Awards 2025

By Manu Vardhan Kannan

Published on August 22, 2025

Amritara Hotels & Resorts’ leaders, Mr. Karanveer Singh and Mr. Pawan Mudgal, have been honored with the Outstanding Leadership Awards 2025 by MakeMyTrip. The event, hosted by MakeMyTrip in Gurgaon on 7th August 2025, recognized individuals who have demonstrated exceptional leadership and an unwavering commitment to excellence in the hospitality industry.

The award celebrates visionary leadership, innovation, and commitment to excellence in the hospitality industry. Both leaders have played pivotal roles in driving Amritara Hotels & Resorts to new heights in customer satisfaction, revenue growth, and brand positioning.

Mr. Karanveer Singh, with his expertise in revenue management and strategic planning, has been instrumental in elevating the performance of Amritara properties, consistently ensuring top rankings in competitive markets. His innovative approach towards pricing, distribution, and customer engagement has set new benchmarks for the brand.

Mr. Pawan Mudgal, with his extensive leadership experience and sharp business acumen, has been a driving force in strengthening Amritara’s market presence. His ability to align teams with the brand’s vision and his relentless pursuit of operational excellence have contributed immensely to the group’s success.

Speaking on the recognition, the awardees expressed their gratitude to MakeMyTrip and dedicated the honor to the hard work and dedication of the Amritara Hotels & Resorts team.

"This award is not just a personal achievement, but a reflection of the collective efforts of our incredible team at Amritara Hotels & Resorts. Together, we are committed to redefining hospitality with innovation, authenticity, and exceptional guest experiences," said Mr. Singh and Mr. Mudgal in a joint statement.

The Outstanding Leadership Award 2025 reinforces Amritara Hotels & Resorts’ commitment to excellence and further strengthens its position as one of India’s leading hospitality brands.


Akasa Secures ₹1,200 Crore Investment to Fuel Global Expansion Plans

Akasa Secures ₹1,200 Crore Investment to Fuel Global Expansion Plans

By Manu Vardhan Kannan

Published on August 22, 2025

Akasa, India’s youngest airline, has successfully completed a fresh investment transaction of about ₹1,200 crore, welcoming new investors such as Premji Invest, 360 ONE Asset, and the investment office of Ranjan Pai. The Jhunjhunwala family, an existing investor, also infused additional capital into the airline.

The airline, which began operations three years ago, announced that the closure of this funding round followed the receipt of all requisite regulatory approvals. Despite facing losses like most startup airlines, Akasa has ambitious plans for expansion, with a fleet of 30 aircraft currently in service and 190 Boeing 737s on order.

Akasa termed this investment a “significant milestone” in its growth journey and shared its aspiration to be among the top 30 airlines in the world by the end of this decade. The funds will be directed toward expanding operations, enhancing customer experience, and investing in safety, reliability, and advanced technology.

Vinay Dube, founder and CEO of Akasa, expressed gratitude to both new and existing investors, saying, “We warmly welcome our new investors to the Akasian family and deeply appreciate their confidence in our team. Their support affirms our vision and strengthens our ability to scale sustainably while keeping customers and employees at the heart of our operations. We remain especially grateful to the Jhunjhunwala family for not just helping us take flight but for their continued belief in our dream to redefine air travel in India.”

Manoj Jaiswal of Premji Invest highlighted the growth potential of Indian aviation, stating, “We are excited to partner with Akasa, India's fastest growing airline, in its next phase of growth. We believe Indian aviation industry has strong growth potential, domestically and beyond. Team Akasa is brilliantly positioned to execute on this opportunity.”

Umesh Agrawal, fund manager of 360 ONE Asset, added, “We are elated to partner with Akasa Air at a time when India’s aviation sector is poised for tremendous growth. This investment will support Akasa Air’s mission to build a customer centric airline.”

Shyam Powar, chief investment officer at Claypond Capital, also expressed confidence, saying, “What excites us is not just the scale of the opportunity, but the passion and purpose with which the team is building this airline. We are proud to back Akasa and look forward to supporting them in their journey to build a world class airline from India.”

Currently, Akasa serves 23 domestic and six international cities, and has flown over two crore passengers since its inception.


Nouveau Design Group Revives 700-Year-Old Fort Barwara into Six Senses Resort

Nouveau Design Group Revives 700-Year-Old Fort Barwara into Six Senses Resort

By Hariharan U

Published on August 22, 2025

Against the backdrop of the Aravalli hills, the 700-year-old Fort Barwara has found a new life as Six Senses Fort Barwara, thanks to an extraordinary restoration by Nouveau Design Group and Panika. Spearheaded by Principal Architect Manish Mehta, the project stands as a remarkable example of adaptive reuse, honouring the spirit of Rajasthan’s royal past while reimagining it for today’s world of sustainable luxury.

Originally built in the 14th century, the fort had weathered centuries of battles and time. For Mehta and his team, the mission was clear, to revive its essence, not just its structure. “The fort represented not just stone and mortar but the soul of Rajasthan’s architecture. Our responsibility was to revive its spirit”, says Mehta.

Staying true to the fort’s original character, the design preserves battlements, domes, arched walkways, and courtyards, weaving them into a modern hospitality experience. The Zanana Mahal (ladies’ quarters) now houses a serene Six Senses spa, while the Mardana Mahal (men’s quarters) has been reimagined as the lobby and bar. Across 48 suites, temples, and dining areas, guests encounter Mughal-style courtyards, jharokhas, and jalis that echo the fort’s architectural soul.

Every detail reflects authenticity, stone sourced from nearby quarries, Rajasthani marble, lime-washed walls, handmade carpets, and antique-finished fittings, all crafted to blend seamlessly with the fort’s heritage.

Sustainability anchors the project. Thick stone walls and passive cooling reduce energy needs, while rainwater harvesting, solar panels, and organic gardens align with Six Senses’ eco-conscious ethos. The resort is fully plastic-free, complemented by discreetly integrated modern comforts like fibre-optic connectivity and smart water systems.

Lighting design adds to the fort’s majesty, using warm tones to highlight its sculptural elements, while the central Mughal-style courtyard doubles as a stage for reflection and cultural performances.

“This fort was built to endure war and climate”, notes Mehta. “Our sustainability measures honour that resilience through future-ready design”.

Today, guests arrive not as conquerors but as participants in the fort’s ongoing story, a space where Rajput strength meets modern elegance. With its sensitive yet forward-thinking transformation, Six Senses Fort Barwara sets a benchmark in heritage conservation and sustainable luxury.

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