IndiGo and Vistara have received approval for two new international routes. IndiGo’s Delhi-Tbilisi (Georgia) and Vistara’s Delhi-Bali routes have been approved by the regulator Directorate General of Civil Aviation. The operations in these routes will start on August 7 and August 1, 2023, respectively.
The new routes are part of the airline operators’ expansion plans. Air traffic, both domestic and international, has seen a rise after the pandemic, partly due to pent-up demand.
Passengers carried by Indian domestic airlines during January-May 2023 were 636.07 lakhs, as against 467.37 lakhs during the corresponding period of 2022, Directorate General of Civil Aviation data showed.
In the month of May, 132.14 lakh passengers were carried by Indian domestic airlines. They registered an annual growth of 36.10 per cent and monthly growth of 15.24 per cent.
ICRA’s outlook on the Indian aviation industry has been revised to Stable from Negative in the recent past, on the back of fast-paced recovery in domestic passenger traffic in FY2023 and expected continuation of the same in FY2024. Moreover, the industry witnessed improved pricing power, as reflected in the improved yields and thus the revenue per available seat kilometre – cost per available seat kilometre (RASK-CASK) spread of the airlines.
