India has world's third-largest domestic aviation market
Doubled from 7.9 million seats from 2014 to 15.5 million 2024
IH News Desk
AGARTALA, June 28, 2024: India has become the world's third-largest domestic aviation market following the US and China. India's domestic airline capacity doubled in the last decade from 7.9 million seats in April 2014 to 15.5 million in April 2024, multiple reports confirmed Friday.
India has replaced Brazil, which now stands at the fourth place with 9.7 million seats, followed by Indonesia in the fifth. India has the highest annual average capacity growth rate of 6.9% over the last decade among the top five countries, followed by China at 6.3% and the US at 2.4%.
IndiGo and Air India account for 9 of 10 domestic seats, according to the reports. India's transition to low-cost carriers (LCCs) has been the sharpest among the top five, accounting for 78.4% of Indian domestic capacity in April 2024.
https://indigenousherald.com/