Turkish domestic air travel growth slows in economic downturn
Turkish domestic air travel grew at an annual 5.9 percent in the first 10 months of the year to 96,646,871, a slower pace than previously, in a sign that an economic downturn is impacting passenger numbers.
Annnual growth in the number of passengers had stood at 7.3 percent in the first nine months, according to data published by the nation’s airports authority on its website.
A slide in the value of the lira and higher interest rates and inflation are taking their toll on spending by businesses and consumers in the country. Air travel in Turkey has grown strongly under the government of President Recep Tayyip Erdogan as the economy expanded and flying became more affordable.
Passengers flying to and from foreign destinations increased an annual 17.1 percent to 85,896,078 in the first 10 months. That compared with growth of 16.9 percent in the year to September.