Domestic passenger traffic growth recovered in May, with rival carriers taking over Jet Airways’ fleet to cash in on the peak season demand. A total of 12.2 million passengers booked air travel in May 2019 compared with 11.8 million during May 2018, up 2.9% year-on-year, according to the data released by directorate general of civil aviation (DGCA) on Tuesday.
The passenger traffic had contracted 4.5% y-o-y in April for the first time in at least five years owing to complete grounding of full-service carrier Jet on April 17. The ministry of civil aviation allocated the vacant airport slots of Jet to rival carriers for operations. Airlines such as SpiceJet were quick to induct aircraft from Jet’s grounded fleet to cater to the holiday season rush.
Experts pointed out that domestic airfares have moderated compared with the sharp rise in ticket prices immediately after Jet’s grounding. “The fares have dropped by 7.5% in June compared with April and May this year. Consequently, our data also indicates a pick-up in overall flight bookings currently,” a MakeMyTrip spokesperson said.
19/06/19 Financial Express
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The passenger traffic had contracted 4.5% y-o-y in April for the first time in at least five years owing to complete grounding of full-service carrier Jet on April 17. The ministry of civil aviation allocated the vacant airport slots of Jet to rival carriers for operations. Airlines such as SpiceJet were quick to induct aircraft from Jet’s grounded fleet to cater to the holiday season rush.
Experts pointed out that domestic airfares have moderated compared with the sharp rise in ticket prices immediately after Jet’s grounding. “The fares have dropped by 7.5% in June compared with April and May this year. Consequently, our data also indicates a pick-up in overall flight bookings currently,” a MakeMyTrip spokesperson said.
19/06/19 Financial Express
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