Indian Airlines ferried over 1.29 crore passengers to their destination in July, a rise of more than 7.3% on a y-o-y basis. Yet, the air traffic was less than what it was in June this year when 1.32 crore passengers flew. IndiGo continued to be at the top in the domestic air traffic sector and its market share also increased to 62% in July. On the other hand, the share of Air India declined to 14.3%.

Data from DGCA reveals that Vistara's market share in the domestic segment expanded to 10 percent last month. AIX Connect and SpiceJet witnessed their shares slipping to 4.5 percent and 3.1 percent, respectively. Besides, the share of Akasa Air fell to 4.7 percent and that of Alliance Air to 0.9 percent during this time.

The DGCA said, 'During January-July, 2024, domestic airlines carried 923.35 lakh people as against 881.94 lakh in the same period a year ago. Thus, the number of passengers registered an annual growth of 4.70% and a monthly growth of 7.33%.'

According to an estimate, India's domestic air passenger traffic could reach 30 crores by the year 2030. This will be almost double as compared to the year 2023 when 15 crore passengers flew. Airlines are also constantly expanding their capacity so that they can meet the growing demand. Rating agency ICRA says that the number of air passengers is expected to continue to increase in the coming time. However, due to competition and rising costs, the pace of growth in profits may remain slow.