India rises to third in global domestic airline market

India rises to third in global domestic airline market

Daily Current Affairs   /   India rises to third in global domestic airline market

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Category : Miscellaneous Published on: June 25 2024

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  • 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.
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