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Airlines Industry in India 2019
Introduction to business (MBA1)
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AIRLINE
INDUSTRY
IN INDIA
HITESH SHARMA (501904087)
NAMAN TYAGI (501904099)
TANISHKA (501904125)
PREPARED BY
India is one of the quickest developing flight advertises on the planet. With the advancement of the Indian flying part, the industry had seen a change with the section of the privately owned full-administration aircrafts and minimal effort transporters. The division has additionally observed a huge increment in number of residential air travelers. Indian aviation is divided in military and civil aviation and become the fastest growing aviation market across the world. India is considered to be the third largest civil aviation market in the world. Bangalore is the largest aviation manufacturing hub of India with 65% national share. The common flight industry in India has risen as one of the quickest developing ventures in the nation during the most recent three years. India is presently viewed as the third biggest household common avionics advertise on the planet. India is required to turn into the world's biggest household common aeronautics showcase in the following 10 to 15 years. India is well connected with major other countries as it has 91 international carriers with 5 Indian carriers and 86 foreign carriers. Indian airline is running through 344 routes with 59 countries. India aims that it will become the third largest aviation market in the world by 2024. Indian aviation plans to increase their fleet size to 1100 aircraft by 2027. India becoming the fastest growing aviation market and is going to increase its passengers strength by 2030.
Introduction
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The graph shows that the demand and capacity of India’s civil aviation is growing strongly high. Capacity(available seat km) in domestic flights has been increased to 155034 million km. As well as demand (revenue passenger km) for domestic is growing rapidly 136632 million km. Capacity available in international flights has been increased to 126055 million km. As well as demand is growing rapidly to 111621 km. India has the highest passenger load factor among the top seven aviation markets in the world. Growth in demand is coming more than the growth in supply in high passenger load factor.
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AIRLINES DEMAND,
CAPACITY and UTILISATION
Capacity(Available Seat Km) Demand(Revenue Seat Km)
Capacity(Available Seat Km) Demand(Revenue Seat Km)
PASSENGER TRAFFIC
When income start rising and cost of aviation start reducing, the growth in passenger traffic has becoming strong. India’s passenger traffic grew at 11% year to year to reach about 344. million in FY19. During FY06-FY19 at CAGR it grew about 12%. During April18-March19 it stood around 344 million. India is the fastest growing aviation in domestic aviation market in world and also air connectivity is recorded the highest pace of 115% in the country between 2013-18. During FY20 (June 2019), air passenger traffic stood at 84 million. By 2036, India is expected to have 480 million flyers, which will then become more than Japan (225million) and Germany (200million). At CAGR domestic passenger traffic expanded of 13% and international traffic registered growth of 9% over FY06-19. During April18-March19, domestic passenger traffic stood at 275 million while international stood at 69 million. To reach 275 million in FY19 domestic passenger traffic grew YoY by 13% and to reach 69 million international passengers grew YoY by 6% and expected to grow 293 million and 76 million respectively in FY20.
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Passanger Traffic
The share of travel in GDP was 10% in 2018. It is expected to grow 6% from 2018-2028. Business hubs are likely to boost business travel as well. Travel spending (inbound & domestic) generated 94% of direct GDP in 2018, whiles business travel accounted remaining 5%. Leisure travel is expected to grow 7% in 2018 and rise to 7% between 2018-2028, while business travel expected to grow 6% and rise to 7%.
Growth Drivers
Strong Demand And Policy Support Driving Investments
TRAVEL and TOURISM
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Business Travel & Tourism Spending Leisure Travel & Tourism Spending
Travel & Tourism Spending (US$ Billion)
Private Sector Investment In Airports Rising
Airlines Industry in India 2019
Course: Introduction to business (MBA1)
University: Thapar Institute of Engineering and Technology
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