Domestic air traffic growth in December, 2018 slowed down to 12.9% year-on-year even though it was a seasonally strong travel month. Experts attributed the somewhat slow growth to an increase in domestic fares of 3% y-o-y in December. In fact, except for AirAsia, all airlines reported a fall in passenger load factors (PLF).
December’s growth was the second-slowest in 16 months; traffic had increased by 12.43% y-o-y in July 2017. Demand for air travel had grown at 11% y-o-y in November, 2018, a 51-month low.
Air pocket: Domestic air traffic growth slows down to 12.9% in December
By: FE Bureau | Updated: January 23, 2019 7:11 AM
December’s growth was the second-slowest in 16 months; traffic had increased by 12.43% y-o-y in July 2017. Demand for air travel had grown at 11% y-o-y in November, 2018, a 51-month low.
Domestic air traffic growth in December slows down to 12.9 per cent
Domestic air traffic growth in December, 2018 slowed down to 12.9% year-on-year even though it was a seasonally strong travel month. Experts attributed the somewhat slow growth to an increase in domestic fares of 3% y-o-y in December. In fact, except for AirAsia, all airlines reported a fall in passenger load factors (PLF).
December’s growth was the second-slowest in 16 months; traffic had increased by 12.43% y-o-y in July 2017. Demand for air travel had grown at 11% y-o-y in November, 2018, a 51-month low.
Over 138.9 million passengers took flights in 2018 calendar, up from 117.1 million in 2017. Airlines reported PLFs of between 82.1 and 93.7% for the year. .
According to the data released by Directorate General of Civil Aviation (Dgca) on Tuesday, over 12.69 million passengers travelled by air during December as compared to 11.24 million in December 2017.
“Airfares were high during November-December period as compared to 2017, which impacted traffic growth. We have airlines passing on higher input costs to passengers during this period,” Balu Ramachandran, head (air & distribution), Cleartrip, said.
India’s domestic air traffic was growing at 20.9% y-o-y between January and September 2018 due to airlines choosing to absorb rising costs like aviation turbine fuel (ATF) and rupee depreciation.
The domestic air travel market expanded by 17.3% y-o-y during 2017 while the local traffic grew at 23.1% y-o-y a year before that.
Experts believe the growth was driven by cheap fares as airlines led by market leader IndiGo added around 130 new aircraft to their fleet during 2018.
23/01/19 Financial Express
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December’s growth was the second-slowest in 16 months; traffic had increased by 12.43% y-o-y in July 2017. Demand for air travel had grown at 11% y-o-y in November, 2018, a 51-month low.
Air pocket: Domestic air traffic growth slows down to 12.9% in December
By: FE Bureau | Updated: January 23, 2019 7:11 AM
December’s growth was the second-slowest in 16 months; traffic had increased by 12.43% y-o-y in July 2017. Demand for air travel had grown at 11% y-o-y in November, 2018, a 51-month low.
Domestic air traffic growth in December slows down to 12.9 per cent
Domestic air traffic growth in December, 2018 slowed down to 12.9% year-on-year even though it was a seasonally strong travel month. Experts attributed the somewhat slow growth to an increase in domestic fares of 3% y-o-y in December. In fact, except for AirAsia, all airlines reported a fall in passenger load factors (PLF).
December’s growth was the second-slowest in 16 months; traffic had increased by 12.43% y-o-y in July 2017. Demand for air travel had grown at 11% y-o-y in November, 2018, a 51-month low.
Over 138.9 million passengers took flights in 2018 calendar, up from 117.1 million in 2017. Airlines reported PLFs of between 82.1 and 93.7% for the year. .
According to the data released by Directorate General of Civil Aviation (Dgca) on Tuesday, over 12.69 million passengers travelled by air during December as compared to 11.24 million in December 2017.
“Airfares were high during November-December period as compared to 2017, which impacted traffic growth. We have airlines passing on higher input costs to passengers during this period,” Balu Ramachandran, head (air & distribution), Cleartrip, said.
India’s domestic air traffic was growing at 20.9% y-o-y between January and September 2018 due to airlines choosing to absorb rising costs like aviation turbine fuel (ATF) and rupee depreciation.
The domestic air travel market expanded by 17.3% y-o-y during 2017 while the local traffic grew at 23.1% y-o-y a year before that.
Experts believe the growth was driven by cheap fares as airlines led by market leader IndiGo added around 130 new aircraft to their fleet during 2018.
23/01/19 Financial Express
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