Summary:

On Sunday, Indian aviation exceeded 500,000 domestic passengers in a single day, totaling 505,412 across 3,173 flights. This milestone follows several record-breaking days in November, with passenger counts surpassing 500,000. The increase comes after a quieter October, with post-Diwali travel boosted by the wedding season and celebratory gatherings. IndiGo, India’s largest airline, reported a loss in Q2 2024 due to the normalization of high yields and limited fleet expansion.

Post-Diwali fare sales increased bookings, supporting ticket prices and load factors, reflecting strong demand despite industry challenges. Congestion at major airports has caused delays and higher operational costs, further exacerbated by bogus security threats leading to flight diversions. These disruptions could result in higher ticket prices as airlines pass on the costs. The Vistara-Air India merger on November 12 expanded capacity with larger Dreamliner aircraft. Despite capacity limitations, India’s aviation growth remains steady at 5%, with new airports in Delhi and Mumbai expected to ease constraints.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.