Domestic Air Passenger Traffic Rises 8% To 1.36 Crore In October, IndiGo's Dominance Intact
India's domestic air passenger traffic rose to 1.36 crore in October, higher by 8.08% as compared to 1.26 crore in the year-ago period, according to the data released by the Directorate General of Civil Aviation on Monday.
Sequentially, the domestic air passenger traffic has increased by 4.6% from 1.3 crore passengers in September.
Between January and October 2024, the count of domestic passengers rose to 13.21 crore. This marks a climb of 5.3% from an overall domestic air passenger traffic of 12.54 crore in the first 10 months of the last calendar year.
The dominance of IndiGo, the no-frills carrier with the highest market share, remained intact. Its market share increased to 63.3% in October from 63% in September. However, the airline's passenger load factor, or the occupancy rate, slipped marginally to 82.3% from 82.6%.
In absolute terms, IndiGo carried a total of 86.4 lakh passengers in October, as compared to 82.12 lakh passengers in the preceding month.
The market share of Air India, which merged Vistara into itself earlier this month, increased to 19.4% in October from 15.1% in September. The carrier's passenger load factor climbed to 80.8% from 80.1%.
The airline carried a total of 26.48 lakh passengers, significantly higher as compared to 19.69 lakh in the preceding month.
Akasa Air, a distant third among the major carriers, posted a marginal increase in market share to 4.5% from 4.4% last month. The airline's occupancy rate slipped marginally to 85.7% from 85.9%. The total number of passengers it carried increased to 6.16 lakh from 5.73 lakh.
SpiceJet's market share also increased in October, rising to 2.4% from 2% in the preceding month. The passenger load factor increased to 81% from 80.4%. In absolute terms, the cash-strapped airline carried 3.35 lakh passengers, as compared to 2.61 lakh in September.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
