Tuesday, August 21, 2018

DGCA data: Domestic air passenger traffic rises 21 percent in July

New Delhi: Domestic airlines may be struggling with their finances with lower yields, but passenger traffic continues its rising trend. According to data released by the Directorate General of Civil Aviation (DGCA) on Monday, domestic carriers carried 11.6 million passengers in July, up 21% compared with the same month last year. Though July is traditionally a weak month for carriers, this time the growth was robust because generally, the fares were much lower than what they were during the same month last year. Last year in July, the growth in passengers was 12.4%, the slowest during the 2017 calendar. All major scheduled carriers witnessed a jump in passenger traffic during the month.
The country’s largest domestic airline, IndiGo increased its monthly passenger count by 31.7% year-on-year to 4.86 million. Jet Airways, the second largest airline by market share, reported 0.5% y-o-y growth with 1.74 million tourists booking its flights. National carrier Air India recorded a 10.7% growth in air traffic, carrying 1.43 million passengers. Low-cost carrier SpiceJet ferried 1.42 million passengers in July, up 5% y-o-y. For Mumbai-based GoAir, domestic passenger traffic grew by 38.4% y-o-y to 1.02 million. Tata Sons joint ventures AirAsia and Vistara flew 0.55 million and 0.45 million passengers respectively, up by 62% and 29% y-o-y. Since July is a lean period for air travel, this time all major airlines offered discounted fares in the form of limited period sale.
21/08/18 Financial Express