Thursday, December 12, 2019

At 11.2%, air pax growth returns to double-digits in November

Mumbai: Domestic air passenger traffic has finally grown in double-digits, clipping at 11.2 percent in November to 12.94 million after growing in single-digit till October, while April saw a degrowth, show the latest DGCA data released on Thursday.
The 12 domestic carriers, including full-service carriers Air India and Vistara and budget carriers Indigo, Spicejet, Goair and AirAsia India together have flown 11.6 million passengers in November.
The sectoral regulator attributed the increase in the reporting month to the onset of the tourist season.
The cumulative domestic passenger traffic in the January-November period of 2019 stood at 131.11 million up from 126.28 million in 2018, registering a growth of 3.86 percent, the DGCA said.
"The double-digits month-on-month growth in passenger traffic in November is a relief for the industry which was experiencing a slow growth since the past few months," said Sabina Chopra of Yatra.com.
Growth is coming on the back of very competitive airfares, Chopra said, adding lower airfares have been due to the seat capacity additions as well as stable oil prices.
"The passenger load factor has shown an increasing trend compared to previous months primarily due to the onset of the tourist season," the Directorate General of Civil Aviation said.
Passenger load factor or seat occupancy is a measure of how much of an airline's passenger carrying capacity is used or average percentage of seats filled in an aircraft.
PLF of the six major carriers stood between 83 percent and 92.8 percent in November as against 76-90 percent in October.
Major carriers further fueled growth by announcing discounts during the month, despite it being a peak travel season, Chopra said, adding, "we are positive this growth trend will continue in December due to the Christmas and the New Year."
12/12/19 PTI/Economic Times
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