Domestic Air Passenger Traffic

Domestic air traffic is projected to rise 7-10 per cent to 164-170 million in the current fiscal year, while the aviation industry's loss is pegged at Rs 2,000-3,000 crore during the same period, according to rating agency Icra. In the first half of 2024-25, Icra said domestic air passenger traffic stood at 79.3 million, marking a 5.3 per cent annual growth that was partly impacted by the severe heat wave and other weather-related disruptions. The international passenger traffic growth for Indian carriers increased and stood at 16.2 per cent in the first half of the current financial year. On Tuesday, the rating agency said domestic air traffic is expected to jump 7-10 per cent on an annual basis to 164-170 million in FY2025. Icra maintained a 'stable' outlook on the Indian aviation industry, amidst continued growth in domestic and international air passenger traffic. Kinjal Shah, Senior Vice President & Co-Group Head at Icra, said the industry is expected to report a net loss of

Domestic air passenger traffic went up 4.4 per cent to around 1.37 crore in May, according to official data released on Friday. The Indian scheduled air operators flew 1.32 crore passengers on domestic routes in May last year. "Passengers carried by domestic airlines during January-May 2024 were 661.42 lakhs as against 636.07 lakhs during the corresponding period of the previous year, thereby registering an annual growth of 3.99 per cent and monthly growth of 4.40 per cent," the Directorate General of Civil Aviation (DGCA) said. In terms of on-time performance (OTP), Akasa Air topped the list at 85.9 per cent, followed by Vistara (81.9 per cent), AIX Connect (74.9 per cent), IndiGo (72.8 per cent), Air India (68.4 per cent) and SpiceJet (60.7 per cent), as per the data. During the previous month, no-frills carrier IndiGo saw its market share growing to 61.6 per cent, while that of Air India declined to 13.7 per cent from 14.2 per cent in April. The market share of Vistara stood at

Domestic air passenger traffic grew 5.1 per cent year-on-year to an estimated 138.9 million in May and was significantly higher by around 14 per cent than pre-Covid levels, credit ratings agency Icra said on Thursday. Icra also said the outlook on the Indian aviation industry is stable amid the continued recovery in domestic and international air passenger traffic with a relatively stable cost environment and expectations of the trend continuing in FY2025. The airlines' capacity deployment in the previous month increased 6 per cent year-on-year and about 2 per cent higher than April 2024, it added. According to the agency, the domestic air passenger traffic for FY24 was around 154 million, with a year-on-year growth of around 13 per cent. It thus surpassed the pre-COVID levels of around 142 million in FY2020, the ratings agency said, adding that the international passenger traffic for Indian carriers stood at around 29.68 million last fiscal, registering a year-on-year growth of ..

IndiGo has solidified its supremacy in the Indian aviation sector by increasing its domestic market share to 60.5 per cent in 2023 from 56.1 per cent in 2022

On Tuesday, the minister had asked the airlines to set up war rooms to address issues of affected passengers immediately

India is projected to see a domestic air passenger traffic of around 155 million in the current financial year while the number of grounded aircraft of the domestic carriers is expected to be around 200, according to a report released on Monday. Aviation advisory firm CAPA India said the international air passenger traffic is anticipated to be about 70 million in the year ending March 2024. "Domestic air traffic in FY2024 has remained above FY2020 levels in every month to date, although the strength of recovery has eased in the last couple of months. "Since May 2023, international traffic has remained largely in line with FY2020 but is expected to move ahead in the remainder of the year," it said. In its March report, CAPA India had estimated domestic air passenger traffic at more than 160 million and international air passenger traffic at 72-75 million. As per the report, overall industry profitability is expected to be largely in line with our initial guidance of a loss of USD .

Domestic air passenger traffic in the country recorded an annual growth of nearly 11 per cent to 1.26 crore in October, according to official data released on Thursday. The traffic stood at 1.14 crore passengers in October 2022 and at 1.22 crore passengers in September this year. The data released by aviation regulator DGCA showed that IndiGo carried 79.07 lakh passengers, garnering a domestic market share of 62.6 per cent in October. The market share was lower compared to 63.4 per cent registered in September. Last month, Air India's domestic market share climbed to 10.5 per cent from 9.8 per cent in September while that of Vistara and AirAsia India (renamed as AIX Connect) declined to 9.7 per cent and 6.6 per cent, respectively, in October. SpiceJet's market share grew to 5 per cent in October from 4.4 per cent in September while that of Akasa Air remained unchanged at 4.2 per cent. "Passengers carried by domestic airlines during January-October 2023 were 1,254.98 lakhs as again

The rise in both leisure and business travel, coupled with a decline in crude oil prices and capacity deployment, is expected to add to the growth in passenger traffic.

India's domestic air passenger traffic grew 15 per cent year-on-year to 132.67 lakh passengers in May 2023, according to DGCA data. The country's domestic air passenger traffic was 114.67 lakh passengers in the year-ago period. Low-cost carrier IndiGo increased its market share to 61.4 per cent from 57.5 per cent during the previous month, carrying a total of 81.10 lakh passengers, as per the DGCA data released on Thursday. Last month also saw the grounding of city-based carrier Go First. Go First, which is currently undergoing insolvency proceedings at the National Company Law Tribunal (NCLT), has not flown since May 3. All three Tata Group airlines -- Air India, AirAsia India and Vistara (which is 49 per cent owned by Singapore Airlines) -- also witnessed their market share growing sequentially in May 2023, cornering 9.4 per cent, 7.9 per cent and 9 per cent of the total traffic pie, respectively. The total number of passengers flown by Air India and Vistara during the month un

The Indian airline sector is having a smooth flight in terms of increasing passenger traffic this fiscal as per ICRA study

Air traffic data shows an increase in domestic air travel by 42.85%, showing rapid post pandemic recovery of airlines

The average daily international flights fell by 1.74 per cent in the week

It also recognises that the industry holds immense potential, therefore, it is crucial that the right ecosystem is built for the sector to flourish and for India to be deemed a leasing hub

According to the data compiled till February shows that for 11 months of FY23, passenger booking was down by more than 1.815 billion as against the same period of FY20

However, since that month, the domestic traffic has been falling

Daily departures averaged 2,967, up from 2,044 in February 2022 and 2,900 in January 2023, but down from 3,137 in February 2020

Pent-up demand and accelerated economic recovery also pushed the air passenger numbers higher during the month under review

It also expects elevated Aviation Turbine Fuel prices, aggravated by geo-political issues, to remain a near-term challenge for industry and will be a key determinant of profitability for the sector

On March 28, the airport also achieved the highest-ever international passenger recovery of about 89 per cent of pre-Covid daily average passenger traffic.

The ratings agency also estimates that the industry will require an additional funding in the range of Rs 20,000-22,000 crore during FY22-FY24