With economy soaring, people take to skies again

New Delhi: Thanks to the economic resurgence, domestic travellers are flying again. Last month saw 41.9 lakh people flying within the country, 24.7% higher than April 2009's figure of 33.6 lakh. This April's figure is even higher than pre-slowdown April 2008's tally of 37.8 lakh. Since April is the beginning of travel season after the traditionally slow quarter of January-March, the industry is expecting huge growth in coming months.
The massive shift towards budget flying — even by corporates — during the slowdown has helped LCCs complete their domination over Indian skies. Pure budget carriers lead the load factor charts, followed by Jet and Kingfisher that now have a majority of their flights in LCC avtars. Air India, that does not have a domestic LCC, saw the lowest occupancy — 73% in April.
Naresh Goyal's Jet Airways, which enjoys almost 26% share, followed by Kingfisher at 21.4%, admitted that good times are back.
14/05/10 Times of India

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Categories: Indian Aviation- In General May 2010