New Delhi: Things are not looking good for the airline industry as more and more passengers are opting out of flying. The November figures show a drop of a lakh in passengers travelling via air.
Winter is usually the peak travel time with tourists arriving into the country. But this year the global economic slowdown, coupled with the multiple terror attacks has taken a toll on airlines. In fact the November of 2008 has seen a fall of over a lakh passengers at 30,01,000 as compared to October which stood at over 31,00,000.
Taking a closer look at total number of passengers travelling in November shows that Jet Airways led the pack with 5,70,000 passengers followed by Air India (Domestic) at 5,39,000 and Kingfisher at 3,48,000 in the full service carriers segment.
In the low cost carrier segment 4,41,000 passengers flew in Indigo Airlines followed by close to 4,00,000 in Kingfisher Red, 3,25,000 in Spice Jet and only 2,32,000 in Jet Lite.
In terms of occupancy, full service carriers have been hit the hardest with average occupancy going down by almost 50 per cent in November. While Jet airways still managed to get an average occupancy of 63 per cent Kingfisher and Air India (Domestic) just managed an average of 58.4 per cent and 57.5 per cent occupancy.
Although low cost carriers fare better than thier full service counterpart yet their occupancy rate in the festive month of November was quite dissapointing.
Indigo managed to sail through with an occupancy of 73 per cent but Kingfisher Red, Spice Jet and Jet Lite just managed an average occupancy of 63 to 65 per cent.Certainly not enough to make profits.
So as the chilly winter sets in with foggy days ahead. The future of the Indian Aviation Industry seems bleak and hazzy for some time to come.
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