Miscellaneous
← Back to Current Affairs
India rises to third in global domestic airline market
Published on 25 Jun 2024
- India has become the third-largest domestic airline market globally, with domestic capacity doubling from 7.9 million in April 2014 to 15.5 million in April 2024, surpassing Brazil and Indonesia.
- India's domestic airline market has the highest growth rate among the top five markets at 6.9% annually, with low-cost carriers accounting for 78.4% of domestic capacity, the highest percentage among the top five markets.
- IndiGo's market share has surged from 32% to 62% over the past decade, driving domestic capacity growth at 13.9% annually. Despite their international expansion focus, IndiGo and Air India's narrow-bodied aircraft orders will enhance domestic capacity further.
Source: SarkariPariksha