India has registered robust growth in aviation market in the last decade becoming top 3rd market from 5th 10 years ago. Only US and China remains ahead of India as they are top two largest aviation market.
Ten years ago, India held the 5th rank with only around 8 million seats. Brazil and Indonesia held 3rd and 4th rank respectively with US and China occupying top 2 positions.
According to the OAG data, “India is surpassing the Brazilian and Indonesian domestic markets to become the third-largest domestic market with airline capacity of 15.6 million seats in April 2024.
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Low-cost carrier (LCC) capacity share is another intriguing indicator to take into account across these huge domestic markets, according to the OAG analysis.
The largest LCC share of these five domestic markets was seen in India, where LCCs made up 78.4% of the domestic airline capacity in April 2024.”
On November 19 last year, airlines in India flew 4,56,910 domestic passengers. This was the highest single-day air traffic since the pandemic hit, marking a remarkable 7.4 per cent surge above pre-Covid averages, as per the Civil Aviation Ministry’s data.
According to the government, the number of airports in the country has increased to 157 from 74 in the last 10 years.
More than 91 lakh passengers availed the facility of Digi Yatra, and over 35 lakh users downloaded the app in 2023.
