India’s airline regulator Directorate General of
Civil Aviation (DGCA) said country’s domestic air traffic growth accelerated to
nearly 10% in 2014 on the back of lower fares and introduction of new airlines.
Air passenger traffic grew 9.7% last year compared
with 4.43% in 2013 when it had reversed the decline of 2012 that also marked the
grounding of Kingfisher Airlines Ltd.
India’s scheduled airlines carried 67.73 million in
2014 compared with 61.42 million passengers in 2013 and 58.81 million in 2012
and 60.66 million in 2011, according to DGCA.
Air traffic in India grew at 20-40% for six years
starting 2003, when low-fare airline Air Deccan was launched, making it
possible for more people to travel by air.
IndiGo ended
2014 with the biggest 31.8% market share while Jet Airways group was far off at
21.7% followed by Air India Ltd’s 18.4%, SpiceJet Ltd’s 17.4%, GoAir’s 9.2%,
Air Costa’s 0.9% and AirAsia’s 0.5%.
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