Saturday, August 24, 2019
News

Fare normalcy, more capacity push up air passenger numbers

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi/Mumbai | Tuesday, 2019 4:15:05 AM IST
Air fare normalisation and additional capacity led to air passenger traffic growing in June, sector experts said on Monday.

The Directorate General of Civil Aviation (DGCA) data has shown that air passenger traffic rose 6.19 per cent to 1.2 crore in June from 1.13 crore reported for the corresponding month of the previous fiscal.

In May, the air passenger traffic growth rate had inched up by 2.79 per cent to 1.21 crore on a year-on-year basis.

As per the data, January-June passenger traffic grew 3.21 per cent to 7.06 crore from 6.84 crore ferried during the corresponding period of the previous year.

"Airlines have introduced new aircraft to fill the reduction in air capacity on account of the shutdown of Jet Airways, leading to rationalisation of airfares on multiple routes," said Sharat Dhall, COO(B2C), Yatra.com.

"The sale announcement by airlines have further reduced fares leading to growth returning to the market and we expect this positive momentum to continue."

According to Aloke Bajpai, CEO and Co-founder, ixigo: "The uptick in traffic for June can be attributed to domestic and international airlines launching new routes, which have helped in bridging the capacity gap created in the Jet aftermath."

"A majority of travellers also postponed their summer travel plans this year to off peak months of June-July which can be another reason behind this growth. While we can see airfares of some routes normalising, resetting the capacity to what it was a year back will still take time."

In terms of market share, the data showed that IndiGo led the industry with the highest market share of 48.1 per cent, followed by SpiceJet (15.6 per cent), Air India (12.9 per cent), and GoAir (11.1 per cent).

AirAsia India had a market share of 6.4 per cent, followed by Vistara (5.4 per cent) and Turbo Megha (0.5 per cent).

Jet Airways, which suspended its operations on April 17, had a market share of 0.8 per cent.

--IANS rv/sn/vd

( 338 Words)

2019-07-22-22:16:04 (IANS)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Rupee at 72 per dollar hits lowest level...
'Broader markets worse than Myanmar, Ban...
CSC signs MoU with ministry to digitise ...
Recession inevitable if protectionism ri...
No entry in S. Delhi for CVs sans RFID t...
Khadi industry likely to cross Rs 10k cr...
More...
 
INDIA WORLD ASIA
Kamal Nath gives details about farm loan...
Rahul Gandhi recalls Rajiv Gandhi's cont...
J-K: Army jawan killed in Pak firing alo...
Odisha: Navin Patnaik announces Rs 500 c...
AP: Police arrests RMP, recovers 108 kg ...
JK: Army establishes communication centr...
More...    
 
 Top Stories
Shooting in mind for powerlifter Ga... 
WhatsApp group of dacoits in Karach... 
Dream11, LafargeHolcim, Hyundai awa... 
Keeping an eye on WADA-NADA fiasco ... 
Ganesh Venkatraman to host 'Crime P... 
Saif wants shutterbugs to leave son... 
Education can help to overcome prej... 
3 dead, over 60 injured in Bengal t...