Airlines yet to exit turbulence
Mint Mumbai|January 06, 2023
The Indian aviation sector did not see much disruptions to demand in CY22, in spite of fare hikes. Yield, a measure of pricing, was healthy, implying the market absorbed the higher air fares.
Vineetha Sampath
Airlines yet to exit turbulence

The strength in yields was supported by a robust domestic demand environment led by a surge in leisure and corporate travel. Besides, international travel resumed after a two-year hiatus.

As the chart alongside shows, the number of passengers carried by domestic airlines in 2022 gradually inched closer to the pre-covid (2019) levels. In fact, in December, domestic passenger traffic surpassed 2019 levels, according to the ministry of civil aviation.

Consequently, in the half-year ended September (HIFY23), InterGlobe Aviation Ltd's average yield stood at 15.15. This is roughly 34-36% higher year-onyear (y-o-y) and versus HIFY20 levels. InterGlobe runs IndiGo, India's largest domestic carrier by market share. 

هذه القصة مأخوذة من طبعة January 06, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 06, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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