Published on : Thursday, May 2, 2019
Indian domestic air passenger volume grew by 14.25 per cent to 171.25 million in fiscal 2019 over the previous year. However, March witnessed the lowest growth rate in many years with a paltry 0.14 percent to 11.59 million passengers up from 11.58 million a year ago, as per DGCA data. It could be due to the huge capacity reduction at Jet Airways counter in the month.
With a market share of 46.9 per cent, IndiGo continued to be the largest player ferrying 54 lakh passengers during the month. SpiceJet was a distant second with 13.6 percent traffic pie flying 15.81 lakh passengers in the reporting month.
The passenger load factor in the month has shown falling trend compared to February due to the end of the vacation period. SpiceJet continues to clock the highest average seat occupancy at 93 per cent. GoAir topped the on-time performance chart for the sixth consecutive month in March at 95.2 per cent.
The flat growth in traffic has arrested over 20 per cent for more than four years in a row. Based on the double-digits growth in the past four years, the government set its vision of the traffic volume of 1.1 billion by 2040.
According to the DGCA data, SpiceJet had the most number of passengers affected due to the flight cancellations at 2,35,831 and the airline paid a compensation of Rs 42.11 lakh.