For 2 months of FY2025 (April-May 2024), domestic air passenger traffic was 270.9 lakh, reflecting a YoY growth of 3.8 per cent over 261.0 lakh in 2M FY2024, according to ICRA. The airlines’ capacity deployment in May 2024 was higher by 6 per cent than that of May 2023 and higher by 2 per cent over April 2024. It is estimated that the domestic aviation industry operated at a passenger load factor (PLF) of 91 per cent in May 2024 against 92 per cent in May 2023 and 90 per cent in May 2019 (pre-Covid). Post a YoY decline of 14 per cent in average ATF prices in FY2024 over FY2023, the prices of ATF in April 2024 declined by 0.4 per cent sequentially, but rose by 0.7 per cent in May 2024.
In June 2024, it declined by 6.5 per cent sequentially. Domestic air passenger traffic for May 2024 was estimated at 138.9 lakh, 5.2 per cent higher than 132.0 lakh in April 2024. Further, it grew by 5.1 per cent on a YoY basis and was significantly higher by 4.0 per cent compared to pre-Covid levels. The airlines’ capacity deployment in May 2024 was higher than May 2023 by 6 per cent and higher by 2 per cent over April 2024.
For FY2024 (Apri l– March), domestic air passenger traffic was 154 million with YoY growth of 13 per cent. It thus surpassed the preCovid levels of 142 million
in FY2020. Further, for FY2024, the international passenger traffic for Indian carriers stood at 296.8 lakh, a YoY growth of 24 per cent, and higher than the pre-Covid levels of 227.3 lakh by 30 per cent, surpassing the peak levels of 259.0 lakh in FY2019 (April–March 2019). For 2M FY2025 (April-May 2024), domestic air passenger traffic was 270.9 lakh, reflecting a YoY growth of 3.8 per cent over 2M FY2024.
This story is from the June 09, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 09, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Adani Group to invest in US energy and infrastructure projects
\"As the partnership between India and the United States deepens, the Adani Group is committed to leveraging its global expertise and invest USD 10 billion in US energy security and resilient infrastructure projects, aiming to create up to 15,000 jobs,\" Adani Group Chairman, Gautam Adani's X post read.
Reliance, Disney, Viacom18 complete Rs 70,352 cr merger
Reliance Industries, Viacom18 Media (Viacom18) and The Walt Disney Company (Disney) on Thursday announced that following the approval by the NCLT Mumbai, Competition Commission of India and other regulatory authorities, the merger of the media and JioCinema businesses of Viacom18 into Star India (SIPL) has become effective, as per a joint statement put out on Thursday.
Excellence in AI will amplify human capabilities: CEO of GlobalGyan Leadership Academy
GlobalGyan Leadership Academy is an institution funded by Ratan Tata that specializes in cultivating future leaders for India's leading MNCs and Fortune 500 companies.
TIRA UNVEILS ITS FLAGSHIP LUXURY BEAUTY STORE AT JIO WORLD PLAZA
Reliance Retail's beauty brand, Tira, launched its luxury flagship store at Jio World Plaza in Mumbai on Wednesday, to redefine beauty shopping in India.
AIR INDIA-VISTARA MERGER IMPORTANT MILESTONE: TATA
Tata Sons chairman N Chandrasekaran on Thursday said the Air India-Vistara merger is an important milestone in the transformation of Air India into a world-class global airline, fulfilling the \"sky-high expectations\".
Delhi Court allows ED more time to verify AAP MLA Khan's FDR
Delhi's Rouse Avenue Court on Saturday has granted time to the investigating officer of the ED to verify the Fixed Deposit Receipt furnished for the court for the release of AAP MLA Amanatullah Khan.
Meena's lawyer criticises police for not presenting him in court
An independent candidate from Rajasthan's Deoli-Uniara constituency, Naresh Meena, has been placed in 14-day judicial custody for allegedly slapping Sub-Divisional Magistrate Amit Chaudhary.
Delhi Court seeks police response on Bibhav Kumar's petition
Delhi's Tis Hazari Court has issued a notice to the Delhi Police on a revision petition filed by Bibhav Kumar, challenging the cognizance of the charge sheet against him.
RAJESH KATYAL GRANTED BAIL IN RS 200 CR MONEY LAUNDERING CASE
Businessman Rajesh Katyal, who was arrested by the Enforcement Directorate for allegedly laundering over Rs.200 crore in proceeds of crime, on Saturday has been granted regular bail by a Delhi court.
Child protection: The Just Right for Children Alliance case
The Supreme Court of India's recent ruling in Just Right for Children Alliance v. S. Harish marks a significant milestone in the country's efforts to protect children from sexual exploitation.
