Tag Archives: Domestic airlines

CRISIL Ratings estimate a rise of more than 20 per cent in the profit of the domestic airline industry in the next fiscal year. The subsequent increase in profit is being accredited to the surge in passenger traffic, the ability to pass on volatile fuel prices to flyers, and reduced fluctuation in foreign exchange rates.

VCADomestic air passenger traffic grew to 14.41 crore in 2019, an increase of just 3.74 per cent compared to 2018, revealed Directorate General of Civil Aviation (DGCA).  The domestic air passenger traffic grew by 18.6 per cent to 13.89 crore in 2018. The decline in growth is attributed to the collapse of Jet Airways in April 2019. The passenger load factors of all major airlines – Air India, SpiceJet, GoAir, IndiGo, AirAsia India and Vistara. The domestic air passenger traffic in December 2019 increased by 2.56 per cent to 1.30 crore compared to the same month in 2018. In comparison, the growth in domestic traffic in November 2019 was 11.18 per cent.

According to data released by DGCA, passengers carried by domestic airlines during Jan-May 2016 were 396.04 lakhs as against 322.32 lakhs during the corresponding period of previous year thereby registering a growth of 22.87% . The statistics revealed that the passenger load factor in the month of May 2016 has slightly increased compared to previous month primarily due to the onset of tourist season. The overall cancellation rate of scheduled domestic airlines for the month of May 2016 has been 0.55%. Air Asia has been leading in terms of On Time Performance (OTP) at 90.2 per cent leaving behind Vistara and Indigo. SpiceJet emerged as the winner again in Passenger Load Factor (PLF) at 93.5 per cent.

Domestic airlines carried 309.35 lakh passengers during Jan-Apr 2016 as against 251.05 lakh passengers during the corresponding period of 2015 thereby registering a growth of 23.22 per cent. DGCA released the figures after analysing traffic data submitted by various domestic airlines for the month of April 2016. In terms of On-Time Performance (OTP) of scheduled domestic airlines Air Asia ruled the roost at 89.1 per cent with Indigo close behind at 88.5 per cent. In terms of Passenger Load Factor, SpiceJet remains ahead at 93.2 per cent in April.