Domestic air travel slips! January figures show 5 per cent decline – Details here – Airlines/Aviation News

ICRA has launched its figures displaying the home air passenger visitors in January. As per the info, January’s home air passenger visitors plunged roughly 5% compared to the figures noticed in December 2023.

What was the home air passenger visitors in January?

The projected home air passenger visitors in January 2024 is roughly 131.1 lakh, marking a lower of round 5.0% from the December 2023 determine of roughly 137.9 lakh.

Nevertheless, ICRA famous that the numbers in January nonetheless confirmed a year-on-year development of 4.5% when in comparison with the roughly 125.4 lakh seen in January 2023.

10-month determine

ICRA additionally launched the 10-month determine, from April 2023 to January 2024, throughout which the home air passenger visitors reached roughly 1,276.35 lakh, marking a 15% year-on-year enhance from the identical interval in FY2023 (April-January 2023), when it was recorded at 1,110.31 lakh. This determine additionally represents a development of about 5% in comparison with pre-Covid ranges within the corresponding interval of April-January 2020, which stood at 1,213.85 lakh.

The home aviation industry is believed to have operated with a passenger load issue (PLF) of round 91% in January 2024, in comparison with roughly 85% in January 2023 and roughly 86% in January 2020 (earlier than the onset of Covid-19).

ATF costs

Within the fiscal yr 2024, aviation turbine gas (ATF) costs skilled a sequential decline till June 2023. Subsequently, there was a sequential enhance in costs till October 2023. Nevertheless, there was a sequential lower of 6% in November 2023, adopted by 5% in December 2023, 4% in January 2024, and 1% in February 2024. From April 2023 to September 2023, ATF costs had been decrease year-on-year (YoY). Nevertheless, there was a YoY enhance of 1.3% in October 2023, marking the primary such enhance in FY2024, pushed by rising crude oil costs over the previous 4 months. However, in November 2023, December 2023, January 2024, and February 2024, ATF costs had been decrease by 8.3%, 10.5%, 6.4%, and 10.9% YoY, respectively, according to the development in crude oil costs.

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