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July domestic air passenger traffic grows 21% to 115.6 lakh

July domestic air passenger   traffic grows 21% to 115.6 lakh

New Delhi: Continuing to register double-digit growth, domestic airlines carried 115.57 lakh passengers in July which is nearly 21 per cent higher compared to year-ago period, according to official data.

Budget carrier IndiGo continued to be the largest player with a market share of 42.1 per cent while that of national carrier Air India stood at 12.4 per cent in July.

Latest figures compiled by aviation regulator DGCA showed that there was an increase of 20.82 per cent in the number of passengers flown by local carriers last month.

In July this year, airlines carried 115.57 lakh passengers as against 95.65 lakh people in the year-ago period.

Last month, the market share of SpiceJet and GoAir stood at 12.3 per cent and 8.9 per cent, respectively. Jet Airways garnered a market share of 13.6 per cent in July.

"Passengers carried by domestic airlines during January-July 2018 were 800.40 lakh as against 657.21 lakh during the corresponding period of previous year thereby registering a growth of 21.79 per cent," the Directorate General of Civil Aviation (DGCA) said on Monday.

Meanwhile, Airline stocks witnessed volatility on Tuesday and settled in the negative territory even as official data showed that domestic passenger traffic grew 21 per cent in July, year-on-year.

During the day the stocks had surged as much as 3 per cent but pared gains and settled the day in the negative territory.

Shares of InterGlobe Aviation opened at Rs 1,075, then gained further ground and touched a high of Rs 1,106, up 1.86 per cent over the previous close. The stock finally settled at Rs 1072.90, down 1.18 per cent on BSE.

SpiceJet stock also opened on a strong note and touched a high of Rs 87.20, up 3.01 per cent over its last close but finally ended the day at Rs 82.20, down 2.89 per cent.

Shares of Jet Airways however had opened on a weak note at Rs 297.80, then fell to a low of Rs 289.95, down 3.73 per cent over its previous closing price and finally was quoted at Rs 292.35, down 2.94 per cent.

Budget carrier IndiGo continued to be the largest player with a market share of 42.1 per cent while that of national carrier Air India stood at 12.4 per cent in July.

India is one of the fastest growing aviation markets in the world and has been registering double-digit growth for more than three years.

As per the data for July, as many as 2,001 passengers were denied boarding while 14,045 people were affected by cancellations. Besides, delays of flights impacted 1,35,481 passengers.

In terms of On-Time Performance (OTP), IndiGo topped the list with a figure of 85.5 per cent followed by SpiceJet (80.6 per cent).

SpiceJet had the highest passenger load factor of 93.8 per cent.

The overall cancellation rate of scheduled domestic airlines in July was 1.49 per cent, with Zoom Air cancelling all its flights during the month. Air Odisha and Air Deccan also cancelled a large number of flights.

"During July 2018, a total of 714 passenger related complaints had been received by the scheduled domestic airlines. The number of complaints per 10,000 passengers carried for the month of July 2018 has been around 0.62," the regulator said.

Agencies

Agencies

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