Domestic Air Travel

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Domestic air passenger traffic touched 1.25 crore in January this year, an increase of 96 per cent compared to the year-ago period, according to rating agency Icra. However, it said the traffic remained around 2 per cent lower compared to the pre-Covid levels -- January 2020. The traffic stood at 64 lakh in January last year. Icra is maintaining a negative outlook on the Indian aviation industry, reflecting the view that the financial performance of Indian airlines is likely to remain under pressure in the near term, even though the recovery in domestic passenger traffic has been healthy. While a meaningful improvement in passenger traffic is expected in FY2023, the pace of recovery in the industry earnings will be gradual, it said on Wednesday. Icra noted that the net loss in FY2023 is expected to be notably lower compared to Rs 235 billion (RS 23,500 crore) net loss in FY2022, primarily due to recovery in passenger traffic, fare hikes and lower interest burden. In January this y

As Indigo Airline has expanded its fleet to 300 aircraft, the countrys airlines' fleet is likely to add over 100 aircraft every year till the next few years

In-flight announcements may only mention that all passengers should preferably use masks/face covers; no specific reference to fine/penal action needed

Take country, trip duration, and your age into account when deciding on the sum insured

The hike in airfare prices is a result of the increased cost of aviation turbine fuel, according to ixigo's data

Vinay Dube said the airline was well-capitalised to induct 72 aircraft over next 5 years, while mourning the death of Akasa's top backer and ace investor Rakesh Jhunjhunwala who passed away on Sunday

DGCA data shows that airlines had to shell out Rs 3 crore to settle claims arising from such complaints

AirAsia India has introduced a Pay Day sale with prices as low as Rs 1,499. The idea of the Pay Day sale is to make short aerial routes like Delhi-Jaipur affordable for all

In the last two years, the aviation sector has been significantly impacted due to the travel restrictions imposed in India and other countries in view of the Covid-19 pandemic

China, which is still clinging onto its zero COVID strategy and experiencing significant lockdowns in its major cities, is expected to see deterioration in its domestic air travel market in March

Domestic air travel in India is recovering from the pandemic

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The government has set minimum and maximum fares for domestic flights and these are applicable for up to a fortnight

The ratings agency also estimates that the industry will require an additional funding in the range of Rs 20,000-22,000 crore during FY22-FY24

The airline, which currently has 50 planes, aims to have 70 planes by the end of 2023 after taking into account some aircraft that will be returned to lessors

The country's civil aviation sector was significantly impacted by the coronavirus pandemic and the sector's loss was around Rs 19,000 crore in the last fiscal ended March 2021

The rating agency said it is expecting the recovery process to remain subdued during March quarter and that the jet fuel prices continue to be a drag on the sector

This would be 44% higher than the Rs 13,853 crore loss reported last year, agency says

While IndiGo continues to retain the top spot in market share, Go First overtook SpiceJet