New Delhi: The long spell of economic slowdown has hit the airline sector with air travel demand remaining tepid even in the ongoing festive season.
Official data shows the number of passengers carried by domestic airlines have been on downward path month after month despite attractive deals by the carriers across its network.
Aviation experts blamed low business activity, muted consumer sentiment and closure of Jet Airways as main reasons for the lower number of passengers flying. They pointed out that despite the peak winter season, ticket prices have not gone up much and airlines are coming out with flash sales.
Low-cost airline GoAir last week announced a pre-Diwali 24-hour super saver deal offering tickets for as low as Rs 1,296 onwards (inclusive of taxes) for various routes across its network.
"The demand is certainly low this festive season but airlines have been able to hold on to fares because Jet Airways'' exit from the market has left the other airlines with enough people to fill in. Right now, sentiments are quite down. People are not buying cars, clothes etc and cutting down their discretionary spending," said Rajan Mehra, CEO of Club One Air and former India head of Qatar Airways.
"Because of Jet''s downfall, the current players have not been affected so much," Mehra added.
24/10/19 IANS/Outlook
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Official data shows the number of passengers carried by domestic airlines have been on downward path month after month despite attractive deals by the carriers across its network.
Aviation experts blamed low business activity, muted consumer sentiment and closure of Jet Airways as main reasons for the lower number of passengers flying. They pointed out that despite the peak winter season, ticket prices have not gone up much and airlines are coming out with flash sales.
Low-cost airline GoAir last week announced a pre-Diwali 24-hour super saver deal offering tickets for as low as Rs 1,296 onwards (inclusive of taxes) for various routes across its network.
"The demand is certainly low this festive season but airlines have been able to hold on to fares because Jet Airways'' exit from the market has left the other airlines with enough people to fill in. Right now, sentiments are quite down. People are not buying cars, clothes etc and cutting down their discretionary spending," said Rajan Mehra, CEO of Club One Air and former India head of Qatar Airways.
"Because of Jet''s downfall, the current players have not been affected so much," Mehra added.
24/10/19 IANS/Outlook
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