In a groundbreaking achievement for the Indian aviation industry, December 2023 marked the highest-ever air traffic in the country, with a record-breaking 13.8 million domestic passengers taking to the skies. This milestone not only surpassed the previous record set in May of the same year but also outshone the pre-pandemic levels of 2019, showcasing a robust post-pandemic recovery in the aviation sector.
Record-Breaking Numbers and Noteworthy Trends
The surge in air travel during December 2023 represented an 8.4% increase over the same month in 2022 and a 6.1% rise compared to December 2019. Interestingly, this surge occurred despite a slightly lower number of flights operated by airlines. December 2023 saw 91,044 flights, just 3% more than the previous year. The active fleet of Indian carriers experienced a decrease due to challenges faced by airlines like SpiceJet, Go FIRST, and IndiGo.
December 2023: A Closer Look
With an average of 4.45 lakh passengers per day, December 2023 became the pinnacle of air traffic in India. The surge was attributed to the strategic addition of capacity by major players such as IndiGo and the Tata group. Despite disruptions caused by adverse weather conditions leading to diversions and cancellations, the month witnessed a steady climb in passenger numbers.
Post-Pandemic Recovery and Anticipated Growth in 2024
India’s domestic air traffic rebounded impressively in 2023, surpassing both pre-COVID and 2022 levels. The traffic for the year was 6% higher than in 2019 and 23% more than in 2022. As the country enters an election year in 2024, coupled with a projected economic growth of 6% to 7.5%, experts anticipate a potential 15% growth in domestic air traffic, reaching a staggering 17.5 million passengers.
Industry Outlook and Challenges Ahead
While celebrating the success of December 2023, the aviation industry remains vigilant about the challenges that lie ahead in 2024. IndiGo, in particular, is set to face the grounding of up to 40 more aircraft, posing potential hurdles. Additionally, the industry closely monitors the impact of the latest COVID variant on air travel, especially with a rise in cases in visa-free travel destinations for Indians.
Tail Note: Reflecting on Success, Preparing for Challenges
As the year concludes on a high note, the industry takes a moment to appreciate the achievements before gearing up for the challenges of 2024. The fall of Go FIRST, once a major player, is acknowledged as a chapter closed, but the future remains uncertain for the aviation giants. The industry awaits the quarterly reports to gauge the profitability and trajectory for the upcoming year.
