INDIA is now the third-largest domestic aviation market, after the US and China, according to data by London aviation analytics firm OAG (formerly Official Airline Guide, reports New York's Skift india Newsletter.
In April 2024, India's domestic airline capacity was about 15.6 million, up from eight million in April 2014.
Over the past decade, the Indian domestic market grew at an annual rate of 6.9 per cent The firm studied India, China, US, Indonesia and Brazil, and India was the fastest-growing market.
Factors in India's growth included that low-cost carriers accounted for 78.4 per cent-of the domestic airline capacity in India in the month of April, the highest of the five markets that OAG studied.
The LCC sector has been key to driving growth in India's domestic market. In the last 10 years Indian budget carrier IndiGo has almost doubled its market share, from 32 per cent of capacity in 2014 to 62 per cent today.
'Whilst the rest of the market has barely grown, averaging just 0.7 per cent a year, IndiGo has a domestic capacity growth rate of 13.9 per cent-annually,' OAG said.
Air India accounts for 28 per cent of the capacity. 'This means that India's two largest carriers account for 9 out of 10 airline seats,' OAG said.
Both IndiGo and Air India are expanding their operations and upgrading their fleets. Last year, IndiGo placed an order for 500 narrowbody aircraft, while Air India ordered 470 aircraft last year.
The Indian aviation industry has been growing as new airports are coming up. Between 2014 and 2023, the number of airports in the country doubled from 74 to 149. India's domestic air passenger traffic during 2023-24 financial year surpassed pre-Covid levels and increased 13 per cent compared to the year before.
The aviation industry in India is underserved. However, the annual passenger capacity at Indian airports is set to increase by 60 million.
Ease of travel is quickly becoming a focal point for airlines and airports. Last week, the Delhi international airport installed self-service baggage quick drop machines across terminals 1 and 3 to facilitate faster baggage check-ins within 30 seconds.
SeaNews Turkey
In April 2024, India's domestic airline capacity was about 15.6 million, up from eight million in April 2014.
Over the past decade, the Indian domestic market grew at an annual rate of 6.9 per cent The firm studied India, China, US, Indonesia and Brazil, and India was the fastest-growing market.
Factors in India's growth included that low-cost carriers accounted for 78.4 per cent-of the domestic airline capacity in India in the month of April, the highest of the five markets that OAG studied.
The LCC sector has been key to driving growth in India's domestic market. In the last 10 years Indian budget carrier IndiGo has almost doubled its market share, from 32 per cent of capacity in 2014 to 62 per cent today.
'Whilst the rest of the market has barely grown, averaging just 0.7 per cent a year, IndiGo has a domestic capacity growth rate of 13.9 per cent-annually,' OAG said.
Air India accounts for 28 per cent of the capacity. 'This means that India's two largest carriers account for 9 out of 10 airline seats,' OAG said.
Both IndiGo and Air India are expanding their operations and upgrading their fleets. Last year, IndiGo placed an order for 500 narrowbody aircraft, while Air India ordered 470 aircraft last year.
The Indian aviation industry has been growing as new airports are coming up. Between 2014 and 2023, the number of airports in the country doubled from 74 to 149. India's domestic air passenger traffic during 2023-24 financial year surpassed pre-Covid levels and increased 13 per cent compared to the year before.
The aviation industry in India is underserved. However, the annual passenger capacity at Indian airports is set to increase by 60 million.
Ease of travel is quickly becoming a focal point for airlines and airports. Last week, the Delhi international airport installed self-service baggage quick drop machines across terminals 1 and 3 to facilitate faster baggage check-ins within 30 seconds.
SeaNews Turkey
