5.62 percent growth of Air Traffic in India -February 2019
The number of Foreign travelers visiting India is increasing by every year, but the recent growth of Indian Airline’s revenue is not significant. Few of the airlines in the country were in Financial crisis. In the domestic transport, the Indian airlines has witnessed 5.62 percent growth in the month of February 2019.
The 5.62 percent growth is considered the lowest growth in domestic service over the past five years. The number of domestic passengers in February was 1.13 Crore, it is noteworthy that earlier it was 1.07 Crore passengers.
The Inter globe Aviation Airlines – Indigo had a growth of 15 percent in the Passenger traffic with 49.31 lakh passengers. Spice jet and Jet Airways had 15.58 lakh and 12.92 lakh passengers respectively in the said month. Spice jet saw a 17 percent growth in the domestic passenger service, while Jet airways had seen a 28 percent drop in its number of passengers.
Already Jet airways were in a serious debt and the Chairman Naresh Goyal was also stepped down from the concern. The reason for the decrease in the growth of Domestic passenger service for the last month is mainly due to Financial Crisis, Pilot Shortage and NOTAM of Airlines in India.
On Cancellation of service, Air India and Jet airways accounted for 2.4 percent and 2.3 percent respectively. Spice jet is the leading provider in the Flight times. Spice Jet had also registered a 94 percent of filling up on Average Seat Filling.
For the First time, Spice Jet leads the first position and pushed back the Market leader Indigo in the Indian Aviation Service in the month of February 2019. Indigo had a market share of 43 percent and Spice Jet had a 13 percent in the growth. The other contributors for the growth are Air Asia and Vistara, which has also grown significantly.
Air Asia and Vistara are the Tata Group Airline Companies. In the last month, there are nearly 19 flights grounded for Jet Airways due to its debt. This led to a 28 percent decline in the Domestic Passenger Service.
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