
Domestic passenger traffic up 74% YoY in Feb: DGCA
Private airline IndiGo commands the largest market share at 55.2%; followed by Air India at 8.9%; and Vistara at 8.7%
Private airline IndiGo commands the largest market share at 55.2%; followed by Air India at 8.9%; and Vistara at 8.7%
Domestic airlines carried 1,105.10 lakh passengers during January-November 2022, up from 726.11 lakh during the year-ago period.
A bunch of factors explain why fares have hardened, especially where supply is low and erratic and why rating agencies continue to maintain a negative outlook on the sector.
Air traffic was lower than pre-Covid-19 levels of September 2019.
In the fiscal year 2022, the air traffic volumes witnessed a partial recovery of 55%, despite being hit owing to tough travel restrictions during the Covid-19 pandemic years of 2020 and 2021.
The recovery in domestic passenger traffic declined marginally to 91% of pre-Covid levels in June 2022, says ICRA.
India's domestic air passenger traffic stood at 1.14 crore in May 2022, around 7% lower compared to 1.22 crore in May 2019.
Domestically, the recovery in traffic continues and has reached 98% of pre-Covid levels in April and May 2022, says ratings agency ICRA.
The rising aviation turbine fuel (ATF) prices continue to dampen the industry earnings, with prices in May 2022 being higher by 89.2% on a year-on-year basis.
Domestic passenger traffic plummeted by around 43% to an estimated 64 lakh in the first month of 2022 compared with 112 lakh in December 2021.