Mumbai: Even with the month of March posting the lowest growth rate in many years, domestic air passenger volume grew 14.25 per cent to 171.25 million in fiscal 2019 over the previous year, according to data from the DGCA. In FY18, the passenger volume was at 146.84 million.
In March, air traffic though stayed flat at 0.14 per cent to 11.59 million passengers up from 11.58 million a year ago. Data from Directorate General of Civil Aviation (DGCA) showed that the low numbers were largely due to the huge capacity reduction following the troubles at Jet Airways in the month.
Budget carrier IndiGo continued to be the largest player with a market share of 46.9 per cent ferrying 54 lakh passengers during the month, while its closest rival SpiceJet was a distant second with 13.6 per cent traffic pie as its ferried 15.81 lakh passengers in the reporting month.
The flat growth in traffic is a setback for the industry which had been clipping at over 20 per cent for more than four years in a row. Significantly, betting on the double-digits growth in the past four years, the government in its vision document released this January, has pegged the traffic volume to 1.1 billion by 2040.
23/04/19 News Today
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In March, air traffic though stayed flat at 0.14 per cent to 11.59 million passengers up from 11.58 million a year ago. Data from Directorate General of Civil Aviation (DGCA) showed that the low numbers were largely due to the huge capacity reduction following the troubles at Jet Airways in the month.
Budget carrier IndiGo continued to be the largest player with a market share of 46.9 per cent ferrying 54 lakh passengers during the month, while its closest rival SpiceJet was a distant second with 13.6 per cent traffic pie as its ferried 15.81 lakh passengers in the reporting month.
The flat growth in traffic is a setback for the industry which had been clipping at over 20 per cent for more than four years in a row. Significantly, betting on the double-digits growth in the past four years, the government in its vision document released this January, has pegged the traffic volume to 1.1 billion by 2040.
23/04/19 News Today
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