THE DOMESTIC aviation sector has seen it all. From the highs of 2019 when over 14.41 crore passengers flew within the country to a complete shutdown of airports and the aviation sector in mid-2020. Amidst Covid-related restrictions, the aviation sector struggled through 2020 and 2021. But not today. Already, the airports in Delhi and Mumbai (that handle the lion's share of domestic passengers) are overflowing. Advisories have been issued to the passengers to show up at least 3.5 hours before the scheduled departure time to avoid the chaos at the airport.
During the January-October 2022 period, domestic air carriers carried nearly 10 crore passengers, up from 6.2 crore during the year-ago period, an annual growth of 59 per cent, the civil aviation regulator said. By the time the passenger traffic figures for November and December 2022 come out, experts believe the domestic aviation sector would have matched the highs of 2019 or thereabout.
Set to Grow
Domestic passenger traffic grows 60 per cent in 10 months of 2022
Nearly 10 crore domestic passengers flew in Jan-Oct period
India is expected to have 40 crore air travellers by 2027: IATA
Airports are unable to cope with passenger traffic in December
Government continues to pump in money for expansion
AAl leased out six of its airports under PPP
Esta historia es de la edición December 31, 2022 de Businessworld India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 31, 2022 de Businessworld India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders