Statsguru: Six charts explain India's aviation industry potential

The latest entrant, Akasa, is said to be focusing on connecting tier-II destinations

The aviation sector has been buzzing in recent days with news on final approval being granted to Rakesh Jhunjhunwala-backed Akasa Air, pay hikes for IndiGo staff, and Air India hirings to recapture the skies as a Tata group company.

This comes as domestic air traffic is back to levels last seen before the pandemic (chart 1). Most airlines had four out of five seats occupied in May, and the air freight segment also showed signs of recovery (charts 2,3).

The number of international flights as of May 2022, however, was still only at around 80 per cent of the level