Air Passenger Traffic In India Is Increasing From Negative To Stable, Says March Reports

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According
to
data
from
the
Directorate
General
of
Civil
Aviation,
domestic
airlines
carried
a
record
thirteen
million
passengers
in
the
Month
of
March
2023,
an
increase
of
nearly
11%
from
the
corresponding
months
in
2018
and
2019.

The
figures
showed
that
throughout
the
month,
air
passenger
traffic
increased
by
21%
from
a
year
ago
and
by
7%
from
February.
According
to
data
provided
today
by
the
Directorate
General
of
Civil
Aviation
(DGCA),
domestic
airlines
in
India
saw
a
gain
in
passengers
of
51.7%
year
over
year
between
January
and
March
2023.

How
many
Passengers
were
carried?

The
airlines
transported
128.93
lakh
passengers
in
March
2023
compared
to
106.19
lakh
passengers
in
March
2022,
a
21.41%
increase
month
over
month.
From
January
through
March
2023,
the
airlines
carried
375.04
lakh
passengers,
up
from
247.23
lakhs
during
the
same
time
last
year.

Performance
of
Indigo,
Vistara,
Air
India,
Akasa,
etc:

A
total
of
73.17
lakh
passengers
were
carried
in
March
2023,
making
private
airline
IndiGo
the
carrier
with
the
greatest
market
player
at
56.8%.
Vistara
with
11.49
lakh
passengers
came
in
second,
followed
by
Air
India
with
11.39
lakh
passengers.

According
to
the
DGCA,
SpiceJet
had
the
Highest
Passenger
Load
Factor
(PLF)
in
March,
with
92.3%,
followed
by
Vistara
and
Go
First
at
91.6%
and
90.2%,
respectively.

Indian Aviation Rise

The
newest
airline
in
India,
Akasa
Air,
outperformed
its
more
established
rivals
in
terms
of
punctuality,
coming
in
first
with
an
on-time
performance
record
of
94.2
percent,
followed
by
IndiGo
at
92
percent
and
Vistara
at
83.7%.

Air
India
held
down
the
position
of
fourth
with
82.1%,
followed
by
Alliance
Air
(69.1%),
AirAsia
India
(76.6%),
and
SpiceJet
(63.6%).
GoFIRST
had
the
worst
performance,
scoring
49.2%.

Unexpected travel expenses and How to avoid them?Unexpected
travel
expenses
and
How
to
avoid
them?

The
number
of
complaints
received:

The
scheduled
domestic
airlines
have
received
347
passenger-related
complaints
in
total
during
the
month
of
March
2023.
In
March
2023,
there
were
roughly
0.27
complaints
for
every
10,000
passengers
carried.

With
continuously
increasing
air
demand,
India’s
aviation
sector
has
picked
up
the
pace,
forcing
rating
agency
ICRA
to
change
the
sector’s
outlook
from
“negative”
to
“stable.”

Future
predictions:

Following
a
55-60%
increase
in
FY2023,
ICRA
predicted
last
month
that
domestic
passenger
traffic
would
expand
by
8-13%
in
FY2024
to
reach
145-150
million,
which
is
significantly
more
than
it
was
before
Covid.
Domestic
passenger
traffic
in
the
first
ten
months
of
FY2023
increased
by
66.2%
YoY
to
111
million,
barely
8.3%
behind
pre-Covid
levels.

Losses
Airline
Industry
suffered:

Gen.
VK
Singh
(ret.),
Minister
of
State
in
the
Ministry
of
CA,
stated
last
month
that
the
sector
sustained
losses
totalling
Rs.
11,658
crores
during
FY
2021-22.
The
total
losses
in
the
prior
Covid-affected
years,
FY21
and
FY20,
were
INR12,479
crore
and
INR
4,770
crore,
respectively.

Indian Aviation Rise

Government
support:

He
claimed
that
over
the
course
of
the
next
five
years,
the
Airports
Authority
of
India
(AAI)
as
well
as
other
airport
developers
plan
to
invest
roughly
INR
98,000
crore
in
the
airport
sector,
among
other
things,
for
the
expansion
and
renovation
of
current
terminals,
the
construction
of
new
terminals,
and
the
strengthening
of
runways.

The
Emergency
Credit
Line
Guarantee
Scheme
(ECLGS),
whose
scope
has
been
expanded
to
give
credit
support
to
these
businesses
up
to
100%
of
their
total
credit
due,
subject
to
a
maximum
of
Rs
1,500
crore
per
borrower,
has
also
been
approved
by
the
government,
according
to
him.

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