Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Domestic air passenger traffic in India up by 19% to 1.14 crore in January

Author: IANS/Monday, February 19, 2018/Categories: Aviation

Domestic air passenger traffic in India up by 19% to 1.14 crore in January

New Delhi, Feb 16 - India's domestic air passenger traffic surged by 19.69% to 1.14 crore in January from 95.79 lakh reported during the corresponding month of last fiscal, official data showed on February 16.

"Passengers carried by domestic airlines during January 2018 were 114.65 lakh as against 95.79 lakh during the corresponding period of previous year thereby registering a growth of 19.69%," the Directorate General of Civil Aviation (DGCA) said in its monthly domestic traffic report.

According to the data, low-cost carrier SpiceJet had the highest passenger load factor (PLF) -- a measure of capacity utilisation of the airline -- at 95 per cent during during the moth under review.

"SpiceJet has yet again recorded the highest PLF in the industry and this is the 34th month in a row that we have flown with load factors in excess of 90%...," said SpiceJet's Chief Sales and Revenue Officer Shilpa Bhatia.

It was followed by budget passenger carriers GoAir with PLF at 90%, and IndiGo and JetLite at 89.7% each.

"The passenger load factor in the month of January 2018 has shown increasing trend compared to previous month primarily due to the ongoing tourist season," the monthly statistical analysis said.

The data showed that IndiGo led the industry with 75.4% punctuality rate (on-time performance) at the four major airports of Bengaluru, New Delhi, Hyderabad and Mumbai.

It was followed by SpiceJet (74.4), Go Air (67.4) and Air India's domestic operations (66.9).

"The overall cancellation rate of scheduled domestic airlines for the month of January 2018 has been 1.26%," said the data.

In addition, the data disclosed that a total of 694 passenger-related complaints were received last month.

"The number of complaints per 10,000 passengers carried for the month of January 2018 has been around 0.61," the monthly analysis said.

The data revealed that IndiGo led the industry with the highest market share of 39.7 per cent, followed by Jet Airways (14.3), Air India (13.3), SpiceJet (12.6 ), and GoAir (9.6).

AirAsia India had a market share of 4.3%, followed by Vistara (3.6), JetLite (2.3) and Trujet (0.3). 

"The domestic passenger traffic continues to show strong growth momentum, growing by 19.69% on a year on year basis. The lower airfares have been a result of induction of more seat capacity as well as crude oil prices staying stable," said Sharat Dhall, COO (B2C), Yatra.com.

"Major carriers further fuelled the growth by announcing sales during the month, despite it being a peak travel month. We do expect this growth trend to continue in the coming months," he added.

Print Rate this article:
No rating

Number of views (168)/Comments (0)

Kavita Giridhar Mallya

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free