Fewer flights take off in Jan as airlines face headwinds
Mint Mumbai|February 26, 2024
January saw fewer aircraft taking to the skies and steeper fares as numerous planes await engines and repairs, portending bad times for travellers in the year ahead.
Anu Sharma
Fewer flights take off in Jan as airlines face headwinds

The number of domestic flights fell 2.3% year-on-year (y-o-y) in January 2024 to around 187,660; it was also down nearly 3% compared to December, per data from Airports Authority of India (AAI).

Experts said this signals a challenging year for Indian airlines, as they contend with supply-chain issues, unreliable engines, grounded aircraft, and overcrowding at airports.

The fall in January is the first in nearly two years, and a huge change from last January, when flights rose 44.2% y-o-y and 2.5% on-month. The last time the number of flights fell in any month was in February 2022. At the time, the scare of the omicron variant of the coronavirus impacted travel, and domestic flights dipped 10.6% to 121,850.

Total domestic aircraft movement in January 2020 (just before the first lockdown in March) was up 3.2% y-o-y at 195,210 flights and up 0.5% compared to December 2019.

Esta historia es de la edición February 26, 2024 de Mint Mumbai.

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.

Esta historia es de la edición February 26, 2024 de Mint Mumbai.

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.

MÁS HISTORIAS DE MINT MUMBAIVer todo
India's economic performance is pretty robust on most counts
Mint Mumbai

India's economic performance is pretty robust on most counts

The economy's back on its high-growth path and fiscal consolidation is on track but our labour market remains a concern

time-read
3 minutos  |
October 31, 2024
Mint Mumbai

We should be more receptive to paradigm-shifting ideas

Do we really have free will? Our brains are not wired to accept radical thoughts easily but we must try

time-read
3 minutos  |
October 31, 2024
We need to invest in nature for the sake of humanity's future
Mint Mumbai

We need to invest in nature for the sake of humanity's future

Money must flow into what saves rather than harms biodiversity

time-read
3 minutos  |
October 31, 2024
Is gold worth its weight amid our demat assets?
Mint Mumbai

Is gold worth its weight amid our demat assets?

It has been a buzzy buy in recent times, with its price soaring over the past year. Investors, however, are likely to be better served by going for intangible forms of this precious metal

time-read
2 minutos  |
October 31, 2024
Mint Mumbai

The country needs to map its informal economy better

We need more accurate data on enterprises that play a major role in employing people

time-read
3 minutos  |
October 31, 2024
Mint Mumbai

Some states have started to slip off their fiscal correction paths

Populist outlays and capital expenditure have widened their budget deficits. They must tighten up

time-read
3 minutos  |
October 31, 2024
How a businessman in his 50s went gung-ho on MFs
Mint Mumbai

How a businessman in his 50s went gung-ho on MFs

From telecom retail to mutual fund: SIPs have bridged Singh's post-covid business slowdown

time-read
4 minutos  |
October 31, 2024
Principal disabled? Know your PoA rights
Mint Mumbai

Principal disabled? Know your PoA rights

My father has been in coma following an accident. He had granted me a power of attorney (PoA) to manage his money, but the PoA has no specified duration. Is it legally valid for me to withdraw funds or conduct other transactions on his behalf for his medical treatment? -Name withheld on request

time-read
1 min  |
October 31, 2024
HOW SALMA HAYEK IS REDEFIMNG PHILANTHROPY
Mint Mumbai

HOW SALMA HAYEK IS REDEFIMNG PHILANTHROPY

In the worlds of Hollywood, fashion and activism, there's never been anyone quite like Salma.

time-read
9 minutos  |
October 31, 2024
WORLD SAVINGS DAY: A REALITY CHECK ON INDIA'S DWINDLING HOUSEHOLD SAVINGS CRISIS
Mint Mumbai

WORLD SAVINGS DAY: A REALITY CHECK ON INDIA'S DWINDLING HOUSEHOLD SAVINGS CRISIS

High inflation and easy credit lead to financial instability due to overspending and rising debt

time-read
3 minutos  |
October 31, 2024