Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
News18 » Auto
2-min read

Air Traffic to and from India Slowest in 4 Years this January-March Quarter

Following the suspension of Jet Airways' operations, both local, as well as foreign airlines, have mounted capacity to fill the gaps. SpiceJet and IndiGo have aggressively expanded their capacity on foreign routes.

IANS

Updated:August 5, 2019, 11:30 AM IST
facebookTwitterskypewhatsapp
Air Traffic to and from India Slowest in 4 Years this January-March Quarter
Image for Representation (Image: Reuters)
Loading...

Air travel to and from India during the January-March quarter of this calendar year grew at the slowest pace of 3.8 per cent in the last four years pointing to a slowdown in the economy. The latest data compiled by aviation regulator Directorate General of Civil Aviation (DGCA) shows that both foreign and Indian carriers together flew 16.4 million passengers in this period compared to 15.8 million in the corresponding quarter last year. Compared to this, the airlines had clocked 11.3 per cent growth in 2018 over the previous year when they had flown 14.2 million passengers. In 2016 and 2017, the traffic growth was 9.32 per cent and 7.5 per cent respectively.

Aviation industry experts said the slower growth this year is a result of multiple factors ranging from Jet Airways pulling out their operations, slow down and lean season. "There are multiple reasons for this. Jet Airways has, of course, dented because it reduced capacity on international routes in those months. But even other airlines are not going 100 per cent full. The economic slowdown, I think, is one of the important factors," said Rajan Mehra, CEO of Club One Air and former India head of Qatar Airways. "It's not just travelling. People are not buying cars, they are not buying consumer goods. So, I think the slowdown in the economy is probably a much more important factor than Jet pulling out. People are travelling less. There is overall a sense of the economy softening up," he added.

Following the suspension of Jet Airways operations, both local, as well as foreign airlines, have mounted capacity to fill the gaps. Among the local carriers, SpiceJet and IndiGo have aggressively expanded their capacity on foreign routes. Some of the foreign destinations that have been the focus of airlines are Dubai, Singapore, London and Bangkok. Kapil Kaul, CEO (South Asia) of Sydney-based Centre for Asia Pacific Aviation (CAPA) said Jet Airways operations had declined a lot in the fourth quarter (January-March of 2019). Besides, the launch of international flights by some LCCs (low-cost carriers) also got delayed. "There was no reflection of a slowdown during January-March. The Q4 is basically a weaker period. So, it is a combination of many factors," Kaul said.

The DGCA data, however, show that the share of Indian carriers has been gradually on the rise in the last few years. The share of Indian and foreign carriers in the total international passenger traffic during the first quarter (January-March) of the year 2019 stands at 40.7 per cent and 59.3 per cent respectively. "In the same quarter (Q1) of the year 2019, the share of Indian and foreign carriers was 39.5 and 60.5 per cent respectively," the DGCA said in its latest analytical report on international traffic.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results