Indian aviation declines further
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India aviation industry showed further evidence of continued downturn on Friday with passenger traffic data for November showing a 4.5% from October, the Hindustan Times has reported. According to data released by the Ministry of Civil Aviation, domestic scheduled airlines carried 3 million passengers compared with 3.1 million in October.
Experts say the downturn in the industry us due to high fares caused by high fuel surcharges which have not been reversed despite a fall in jet fuel prices.
“Airlines are yet to pass on the benefits accrued from reduced aviation turbine fuel prices to the passengers, and a minor reduction congestion surcharge will not get them passengers immediately,” the Indian newspaper quoted an unnamed industry analyst a saying.
Jet Airways continued to be the market leader, carrying 570,000 passengers to garner a 19% domestic market share. Air India were the second largest domestic carrier, catering for 539,000 passengers to achieve an 18$ market share.
Of the low-cost carriers, Indigo achieved the highest seat load factor, filling 73% of their available seats. Kingfisher Red (formerly Air Deccan) came a distant second with a mere 65%, the report said.
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