India's airline passenger growth rises 17.71% in April
Indian domestic carriers had more people on its flights as compared to the same period last year. Passenger load factor has risen with tourist season on the rise.
Key Highlights:
- Passenger growth at 17.71% in April.
- Passenger load factor increased due to onset of tourist seasons.
- Market share of IndiGo increased to 41.4% in April.
Indian domestic carriers recorded a passenger growth grew by 17.71% higher than the same period in the previous year, Directorate General of Civil Aviation (DGCA) said in a report on Thursday.
“Passengers carried by domestic airlines during Jan-April 2017 were 364.13 lakhs as against 309.35 lakhs during the corresponding period of previous year thereby registering a growth of 17.71%,” DGCA said.
The total number of passengers in the month of April alone reached 91.34 lakh. In March the passenger count was 90.46 lakh.
Source: DGCA
There has been an increase in the passenger load factor (PLF) in April, with SpiceJet topping the list at 93.4% PLF.
“The passenger load factor in the month of Apr 2017 has shown increasing trend compared to previous month primarily due to beginning of tourist season,” DGCA said.
Highest level of cancellation was witnessed by Air Carnival at 58%. In the previous month its cancellation rate was 9.68%.
Overall cancellation rate of scheduled domestic airlines for the month of April was at 0.43%.
Majority of the complaints at 1.9 complaints per 10,000 passengers from national carrier – Air India.
On Time Performance (OTP) of most of the airlines were in close proximity of each other with Vistara taking the lead at 87.4%.
The market share of IndiGo increased in April, taking the lead at 41.4% and Jet Airways coming in second with 15.2% market share.
Air India and SpiceJet’s total market share dipped from 13% and 13.2% respectively in March to 12.9% each in April.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
03:14 PM IST