Page 19 - AAA NOV / DEC 2024 Digital Magazine | GBP
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Flying Sky High
Growing air travel in India is boosting
the growth of domestic LCCs
By Atul Chandra
ndia’s booming domestic carried by Indian domestic car- 4.5 percent, 4.4 percent and 2.3
aviation market is dominated riers between January – August percent respectively. The Indian
I by Low Cost Carrier’s (LCC) 2024 as against approximately regional carriers such as Alliance
such as IndiGo, Akasa Air, Air 100 million passengers during the Air and Star Air, have a market
India Express and the ailing corresponding period of the pre- share of one percent and 0.4 per-
SpiceJet. Together these car- vious year thereby registering an cent respectively.
rier’s account for a nearly 75 annual growth of 4.82 percent and
percent market share of India’s monthly growth of 5.70 percent. IndiGo Racing Ahead
fast-growing domestic aviation IndiGo is the dominant Indian
market. According to information carrier with a domestic market IndiGo which celebrated 18
provided by the nation’s aviation share of nearly 63 percent, while years of operations earlier this
regulator, the Directorate General the other Indian LCCs such as year, is racing ahead. The LCC
of Civil Aviation (DGCA), nearly Akasa Air, Air India Express and has grown into the world’s sev-
106 million passengers were SpiceJet have a market share of enth largest airline in 18 years
ASIAN AIRLINES & AEROSPACE NOVEMBER - DECEMBER 2024 | 19
