India Surges to 3rd Largest Domestic Airline Market Worldwide: OAG Report

Tags: Reports

India Becomes World's 3rd Largest Domestic Airline Market: According to the Official Airline Guide (OAG) report, India has climbed to the 3rd position in the global domestic airline market, up from 5th in 2014. 

An Overview of the News

• The country's domestic airline capacity increased from 7.9 million in April 2014 to 15.6 million in April 2024.

• Global Rankings:
  

  • 1st Position: United States of America (USA) with 86.1 million capacities.

  • 2nd Position: China with 67.8 million capacities.

  • 4th Position: Brazil.

  • 5th Position: Indonesia.

• Fastest Growing Market: India is highlighted as the fastest growing market among the top 5 domestic markets, with a capacity growth rate of seats increasing at 6.9% per annum over the past 10 years.

• High Low-Cost Carrier (LCC) Presence: India has the highest proportion of Low-Cost Carriers (LCCs) among the top 5 countries. As of April 2024, LCCs accounted for 78.4% of India's domestic capacity.

• IndiGo's Impact: IndiGo has been a major driver of India's LCC growth over the last decade, with its market share nearly doubling from 32% to 62%.

• On 19th November 2023, Indian airlines carried nearly 456,000 domestic passengers, the highest since the COVID-19 pandemic, surpassing pre-COVID averages by 7.4%.

• The number of airports in India increased from 74 in 2014 to 157 in 2024.