Tag Archives: CAPA

As technology is transforming the aviation sector, Ricardo Letosa, Head of Business Strategy, SITA, said, during CAPA India Digital Aviation Summit 2024, “85% pax want travel documents auto-linked to digital identity. In fact, we have provided digital ID enrolment, and biometrics to three AACO airlines.”

Kapil Kaul, CEO & Director, CAPA India, speaking at the webinar titled ‘Outlook for Widebody Aircraft in India’ has said that India will need approximately an additional 60 widebody aircraft, targeting a 30% market share. “By FY2032, the long and ultra-long haul market is projected to require the deployment of around 300 widebodies,” he added.

According to CAPA’s latest report, international departures from India is expected to reach 45 mn by 2030 as compared to 20 mn in 2019, making India one of the most attractive and fastest growing outbound market.

FCM Consulting along with CAPA & Envest Global, to unveil a new approach for clients to address their environmental issues when planning business travel in order to empower clients. Over 5,000 global businesses have signed up for the Science Based Targets initiative. Committed to taking initiatives for climate action & environmental impact alongside traditional financial priorities whilst making travel decisions. Glenn Thorsen, Sustainability Lead, FCM Consulting, believes that TMCs can provide deeper and more accurate analysis on travel impact with measurable benefits. He said, “As sustainability has risen to top of agenda, our business is step ahead in the evolution of emissions measurement”. Marco Navarria, Corporate Travel Community, Global Content & Marketing Director, CAPA said that CAPA and Envest Global remain committed to provide objective, data-driven assessment of  environmental sustainability performance of the world’s largest airlines, and being the single source of truth for key industry stakeholders. As companies become more sharp sustainability related issues. FCM’s team of experts have devised an industry-first service and also insights from CAPA-Envest Airline Sustainability Benchmarking Report.

Kapil Kaul, CEO-India & ME at CAPA, speaking at the CAPA India Webinar titled Maximising Airline Ancillaries, said that in terms of Low Cost Carriers (LCCs), ancillaries are core to the business model and can account for 20-30% of revenue. “We believe that ancillaries are key to profitability,” he said.

The CAPA webinar forecast revealed that India’s domestic air traffic is expected to remain in the range of 130-140 million with 60-65 million in the first half and 60-65 million in the second half of FY2023. The international air traffic is expected to reach 55-60 million with approximately 25 million in the first half and 30-35 million in the second half of FY2023. 

According to a report by CAPA, with competition heating up again in the domestic sector, IndiGo sees the international market as having the best potential for growth. It will increasingly look overseas for more opportunities as new aircraft deliveries enter the fleet. 

The UK-India market has recovered strongly from the COVID-19 pandemic. In the week commencing 16-May-2022, seat capacity in this market is at 94% of the equivalent week of 2019. This compares with a figure of 84% for the total Europe market and just 42% for the market between Europe and all of Asia Pacific. It is also ahead of the total UK market, which has recovered to 85%, and India’s international market, which is at 87% (although its domestic market is at 105%). After Jet Airways’ demise in 2019 the leading incumbents Air India, British Airways and Virgin Atlantic began to expand into the gap it left. The pandemic interrupted this, but the new entrant Vistara began operations in this market in 2020 and the incumbents have now resumed growth. The low cost long haul start-up ‘flypop’ could also soon be ready to enter, as too could another start-up: Hans Airways.

Survey respondents reported that although leisure travel is likely to rebound once borders reopen, Asia Pacific business travel is expected to take a little longer to recover, with just 24% seeing short haul corporate travel recovering to more than 61% of 2019 levels in 2022 and 7% seeing demand reaching four fifths of 2019 levels in 2022. Long haul business travel remains the furthest from reach. According to 86% of global respondents, less than two thirds of the long-haul corporate travel market will be back in 2022. In Asia Pacific, 30% of survey respondents believe we will not reach 20% of 2019 levels in 2022. 

At Goa, a new airport should open later this year, one of few during the period of the coronavirus pandemic. As it will be heavily tourist-oriented there will be great interest around the world in how it performs during the winter 2022-23 period – the acid test for the industry’s ‘recovery’ ahead of schedule.  The airport is scheduled to begin operation in Aug-2022, said Center for Civil Aviation in a recent report.