Coimbatore: The turbulence at Jet Airways seems to have had an adverse impact on the growth in air passenger traffic in the country.
The number of passengers travelling through domestic airways in February stood at 11.34 million, a 5.6% year-on-year (y-o-y) increase, the slowest pace of growth in a month in five years. The number of departures for Jet Airways fell to 8,312 in February compared to 11,388 in January, data with DGCA (Directorate General of Civil Aviation) showed.
This represented a 33.3% decrease on a y-o-y basis. The number of hours flown by the airline declined to 15,013 in February compared to 20,674 in January. Jet flew about 11.3 lakh passengers during February against 14.8 lakh passengers in the preceding month. The number of passengers flown by the airline fell 27.7% on a y-o-y basis in February.
Jet Lite, the low-cost carrier of Jet Airways, also saw a fall in departures and number of passengers flown. The cancellation rate among the listed players was the highest for Jet Airways (2.31%) while the rate stood at 1.88% and 1.03% respectively for Indigo and SpiceJet.
The market share of Jet Airways fell to 10% in February compared to 11.9% in January on the back of many cancelled flights. Incidentally, domestic air passenger traffic has been clocking double digit growth consistently on a monthly basis for nearly 4 ½ years. “The grounding of aircraft by Jet Airways is the primary reason for the decline (in air passenger traffic),” said Gagan Dixit, vice president, Elara Capital. “Airfares.
26/03/19 M Allirajan/Times of India
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The number of passengers travelling through domestic airways in February stood at 11.34 million, a 5.6% year-on-year (y-o-y) increase, the slowest pace of growth in a month in five years. The number of departures for Jet Airways fell to 8,312 in February compared to 11,388 in January, data with DGCA (Directorate General of Civil Aviation) showed.
This represented a 33.3% decrease on a y-o-y basis. The number of hours flown by the airline declined to 15,013 in February compared to 20,674 in January. Jet flew about 11.3 lakh passengers during February against 14.8 lakh passengers in the preceding month. The number of passengers flown by the airline fell 27.7% on a y-o-y basis in February.
Jet Lite, the low-cost carrier of Jet Airways, also saw a fall in departures and number of passengers flown. The cancellation rate among the listed players was the highest for Jet Airways (2.31%) while the rate stood at 1.88% and 1.03% respectively for Indigo and SpiceJet.
The market share of Jet Airways fell to 10% in February compared to 11.9% in January on the back of many cancelled flights. Incidentally, domestic air passenger traffic has been clocking double digit growth consistently on a monthly basis for nearly 4 ½ years. “The grounding of aircraft by Jet Airways is the primary reason for the decline (in air passenger traffic),” said Gagan Dixit, vice president, Elara Capital. “Airfares.
26/03/19 M Allirajan/Times of India
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