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
In June 2024 domestic airlines flew more than 13.2 million passengers in India, that is around 5.76% more than 12.4 million passengers during the same period last year
The largest domestic airline, IndiGo, is slated to operate 13,050 flights every week, a 13.8 per cent (Y-o-Y) rise from 11,465 flights in the previous year
The domestic air passenger traffic is expected to surpass the pre-Covid levels of 141.2 million and reach 150-155 million this fiscal, registering an estimated growth of 8-13 per cent, credit ratings agency Icra said on Wednesday. Icra also projected a significant reduction in industry's net loss for the next two fiscals and was also of the view that supply-chain challenges and engine failure issues may remain near-term headwinds. Icra maintains a "stable" outlook on the domestic aviation industry, amidst the continued recovery in domestic and international air passenger traffic, and relatively stable cost environment, it said. The momentum in traffic growth is expected to continue in FY2025 as well, with a similar estimated year-on-year growth, aided by rising demand for both leisure and business travel and improving airport infrastructure, it said. The international passenger traffic for Indian carriers surpassed the pre-Covid levels in FY2023, although it trailed the peak levels
Whenever a passenger indulges in unruly behaviour, the incident must be investigated by the airline's internal committee to decide the duration for which the passenger will be banned from
Passenger traffic at Bangalore International Airport surged 35.3 per cent on a year-on-year basis to 37.2-million in calendar 2023, the private airport operator said on Friday. The facility had handled a total of 27.50-million passengers in the January-December period of 2022. During the previous year, it said, Cargo volumes rose 2 per cent on a year-on-year basis with the facility processing a total of 4,22,644 MT of cargo during CY 2023. The domestic sector soared with an impressive 11 per cent growth, highlighting the airport's strengthening its position as a rapidly growing cargo hub in India, it said. Of the total 37.2 million passengers handled during 2023, 32.7 million were domestic passengers and 4.5 million travelled to international destinations, Bangalore International Airport Ltd (BIAL) said in a statement. On April 29, 2023, the Airport recorded the highest number of passengers in a single day for CY2023 at 1,16,688 passengers, exceeding the pre-pandemic levels, it ..
As it looks to consolidate its position in the full service carrier space, merger-bound Vistara has said the premium economy class is here to stay and there has been a surge in the number of passengers opting for these seats. Vistara, a joint venture between Tatas and Singapore Airlines, was the first to introduce premium economy class in India. It operates around 320 flights daily on domestic and international routes with a fleet of 67 planes, and three more aircraft will be inducted by April this year. Currently, the airline offers premium economy class in the three aircraft models operated by it -- Airbus 320 neo, Airbus 321 and Boeing 787-9 Dreamliner. Vistara's Chief Commercial Officer Deepak Rajawat told PTI that the premium economy class is here to stay. "We have seen a surge in passengers picking up tickets on the premium economy (class). There is an uptick year-over-year," he said and added that premium economy is a differentiation that the airline has created in ...
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 company said air passenger traffic would gain further momentum with addition of routes and airline capacity
The stranded passengers were asked to look for alternative arrangements in Jaipur
The Mumbai airport handled close to 44 million passengers in FY2022-23, which is close to 90 per cent of the pre-pandemic load the nation's second-largest air transport facility handled. By handling 44 million passengers, the airport has registered a two-fold growth in the reporting year, as against 56 per cent on-year growth seen by all other airports put together, the airport said on Friday. This is also a recovery of 90 per cent over pre-pandemic numbers, the airport said, adding the volume growth was led by domestic traffic, which registered a strong recovery of 96 per cent. During the year, the airport, which is also the world's busiest single-runway airport, has welcomed seven new overseas carriers, and one new domestic passenger carrier in Akasa Air. The airport cornered 56 per cent share of non-metro traffic during the year compared to 50 per cent pre-pandemic, reflecting better domestic connectivity. Of the total passengers, over 11.2 million were international travelers,
India's largest carrier is currently operating 12,568 flights per week, which is 18 per cent higher than March last year
Passenger traffic at Bangalore International Airport surged 71 per cent to 27.5 million in CY2022 aided by massive recovery in the domestic passenger volume, which reached 85 per cent of the 2019 (pre-pandemic) level and stood at 24.36-million during the year. The rapid recovery in traffic was driven by a host of factors including relaunching of key routes and introduction of new routes connecting leading business hubs and travel destinations, among others, Bangalore International Airport Ltd (BIAL) said on Tuesday. The international traffic recovered 65 per cent of the pre-Covid level at 3.14-million in 2022 as compared to around 940,000 in 2021. The private airport operator had flown a total of 12.39 million passengers as of December 31, 2021. There was a sharp increase in passenger numbers during the year-end holiday season with as many as 3.13 million passengers travelling in December 2022 (of which, 2.74 million were domestic passengers) surpassing the pre-Covid record of 3.0
More than 9.7 mn domestic passengers travelled by air in July, 7.6 per cent lower than the 10.5 mn who travelled in June, aviation regulator DGCA said on Thursday
Around 76.96 lakh domestic passengers travelled by air in February, approximately 20 per cent more than the 64.08 lakh who flew in January, Indian aviation regulator DGCA said on Monday.
Domestic air traffic, retail and recreation visits down
Carriers flew 11.2 million passengers in December, a growth of 6.6 per cent over November
Accelerated vaccination drive as well as higher rate of economic activity rose India's domestic air passenger traffic in July 2021 on a year-on-year basis.
Compared with other major countries during Covid-19, domestic airlines have precariously stayed the course
India's domestic passenger traffic slipped to a 10-year low at an estimated 53.4 million in the just-concluded financial year, a report said.