The hike in passenger traffic is likely to have a positive impact on the financial health of air carriers, most of which have been reeling under heavy losses for the past two years
Air traffic in the first two months of this year showed a major growth of 19.2% compared with the same period last year, a development that could bring some relief to the loss-making Indian aviation industry, reports PTI.
The total passengers carried in January and February this year was 80.56 lakh as against 67.61 lakh in the first quarter of last year, official figures released on Monday showed.
The hike in passenger traffic is likely to have a positive impact on the financial health of the air carriers, most of which have been reeling under heavy losses for the past two years.
Like previous months, Jet Airways and its subsidiary JetLite together led the way in flying most passengers—10.28 lakh in January and 10.08 lakh in February, followed by Kingfisher and its low-cost subsidiary Kingfisher Red with 9.08 lakh and 8.77 lakh and Air India (Domestic) with 7.34 lakh and 6.63 lakh.
They were closely followed by no-frills carrier IndiGo that carried 6.25 lakh and 5.77 lakh in the first two months of this year, followed by SpiceJet with 5 lakh and 4.65 lakh and GoAir with 2.2 lakh and 2.11 lakh. Full-business class airline Paramount carried 72,000 and 62,000 passengers respectively, the figures showed.
Jet and JetLite jointly bagged over one-fourth of the market share in the two months, carrying 25.2% and 26.3% of the total passengers during the period.
Kingfisher and its subsidiary flew 22.2% and 22.7% followed by Air India (Domestic)—18.0% and 17.2%—while Paramount flew 1.8% and 1.6% of the total passengers.
IndiGo led the low-cost airlines by flying 15.2% and 14.9% in January and February this year followed by SpiceJet with 12.2% and 12% and GoAir with 5.4% and 5.5%.
The figures relating to average seats per kilometre and revenue per km showed that an increasing trend in both capacity and demand for air travel continued in February this year as well.
The overall cancellation rate of scheduled domestic airlines for February this year was 1.5%, while the overall On-Time Performance (OTP) of scheduled domestic airlines was recorded at 79.4%.
The directorate general of civil aviation (DGCA) has already directed all the 70 foreign carriers to file reports about their on-time performance on a monthly basis. Of them, only 47 have filed the reports so far. The on-time performance of these foreign airlines has been 73.7% for departures and 73.6% in arrivals.